UAE-based enterprise-grade digital infrastructure provider Fils has formed a strategic partnership with TPS, a digital banking and payments solution provider in Pakistan, aimed at embedding sustainability in digital financial services. This move signals Fils’ expansion into Pakistan for the first time.
Through the alliance, TPS partners will gain the ability to accurately track their environmental impact, embed carbon intelligence for their end consumer/card holder, access “high-quality” carbon credits, and transparently report their progress.
Nameer Khan, CEO of Fils, commented: “Today’s exciting partnership with TPS will make a real impact in dealing with climate change, providing access to high-quality carbon credits via our robust, comprehensive and transparent infrastructure. Our technology-first approach to sustainable action enables SMEs, large corporations and other organisations to seamlessly embed sustainability throughout their global operations.”
According to TPS, its emphasis on plug-n-play integrations and digital-first platforms simplifies the process for organisations to introduce sustainable banking and climate action products/services. Meanwhile, Fils’ infrastructure employs blockchain technology to accurately track emissions and carbon credits, preventing the duplication of credits and aimed at bolstering transparency.
Commenting on the partnership, Shahzad Shahid, CEO at TPS, said: “As a leader in the digital payments industry, we recognise the importance of integrating climate action into our operations and infrastructure. Our collaboration with Fils underscores our commitment to providing a comprehensive suite of digital banking and payments technology, enabling our partners to seamlessly embed sustainability throughout their operations.”