Geidea, which is reportedly known for its innovative solutions and market impact, announces its partnership with Fils, a firm focuse on simplified climate action, empowering businesses of all sizes to embed climate positivity into transactions using their API.
Geidea’s collaboration with Fils “underlines its commitment to reshaping the digital payments landscape” and also signifies a step towards a sustainable future, aligning with Fils’ mission to transform industries, including banking, travel, eCommerce, and fintech, towards environmental consciousness and carbon neutrality.
This partnership is set to make an impact on the UAE‘s digital payments sector.
Fresh from being the official payment and POS provider for the United Nations Climate Change Conference (COP 28), Geidea demonstrates its commitment “to sustainability through this collaboration with Fils.”
In this partnership, Geidea and Fils are set “to embed sustainability into every aspect of their activities.”
Merchants will now have the capability “to empower customers by providing estimates of carbon emissions for specific transactions using Geidea’s payment gateways.”
Whether it’s flights, rides, products, or shipping, customers can “gain valuable insights into the carbon intensity of their actions. This not only fosters a culture of sustainability but also enables informed decision-making.”
After being given an estimate of their carbon footprint, the collaboration with Fils allows customers to “contribute to trusted carbon credit projects directly from any product interface.”
This streamlined process empowers users “to actively support a greener future and reduce their carbon footprint effortlessly with every transaction.”
Sailesh Malhotra, General Manager – GCC stated:
“At Geidea, we are thrilled to continue leveraging our technology to contribute to impactful and tangible solutions. This partnership with Fils aligns with our mission to go beyond conventional payment services, introducing a new era where sustainability is integrated into the very fabric of digital transactions.”
Nameer Khan, founder and CEO of Fils, stated:
“Our collaboration with Geidea is a significant step in Fils’ journey towards leading sustainable innovation in the global fintech landscape. Starting from UAE this partnership will extend regionally, reinforcing our commitment to ESG values across key regions. Working with Geidea is not just about fulfilling our environmental mission; it’s a testament to Fils’ visionary technology and dedication to making every transaction a positive force for our planet. Together, we are setting new standards in sustainable finance, demonstrating that progress and environmental stewardship can go hand in hand.”
As noted in the update, Geidea claims that it is “a leading fintech payment service provider offering digital banking technology, smart payment terminals and business management solutions for SME’s in retail and digital commerce, currently serving over 150,000+ merchants worldwide.”
Founded in Saudi Arabia, the company is “expanding rapidly across the region with operations in UAE and Egypt, serving both financial institutions and small and medium businesses.”