Magnati, a payments solutions provider in the Middle East region, has announced a strategic collaboration with Fils, a FinTech platform.
This collaboration, it said, will assist it in providing its merchants with “actionable environmental insights” and promote green payments.
Merchants will gain access to a suite of emissions calculator solutions and offset mechanisms, made possible through the collaborative efforts of Fils.
Customers of Magnati’s ‘Payment as a Platform’ will have access to a variety of emissions calculator solutions and offset mechanisms, through the integration of Fils’ comprehensive platform.
Ramana Kumar, CEO of Magnati, commented: “As a prominent payments and technology company based in the UAE, Magnati recognises its responsibility in contributing to a sustainable planet through climate change finance. We are thrilled to announce our strategic partnership with Fils as we embark on a journey to identify and implement solutions that would contribute to net-zero ambitions. This collaboration underscores our commitment to providing climate-neutral payment services and reinforces Magnati’s commitment to sustainability.”
Nameer Khan, CEO of Fils, adds: “We are at a turning point in how finance can contribute to a sustainable world. Our collaboration with Magnati is more than just a partnership; it’s a leap towards a future where every financial service has a positive environmental impact.”