Digital solutions firm e& enterprise and fintech platform Fils have announced a new strategic partnership that focuses on digitally transforming sustainability in the payments sector.
The collaboration will see e& enterprise integrate Fils’ platform into its Digital Payment Platform through a joint-API, enabling businesses in the UAE to provide customers with transparent information on carbon emissions per transaction amongst other benefits.
The new partnership will also offer a variety of emission calculators and offsetting mechanisms to help drive UAE businesses towards more sustainable and clarity when it comes to carbon emissions.
Alberto Araque, CEO of e& enterprise IoT & AI, said: “Our collaboration with Fils is more than a partnership, it represents a pivotal shift in our operating ethos.
“We are embarking on a journey that goes beyond enhancing our digital payments platform to fundamentally reshape the way businesses and consumers engage with digital commerce, prioritising environmental responsibility at every step.”
The alliance signifies a “milestone” in e& enterprise’s goal to lead the digital transformation regionally and globally, by promoting environmental consciousness into every digital transaction.
This initiative aligns with the COP28 environmental mission, as well as to create new revenue streams while balancing profitability and sustainable practices.
Known for its comprehensive B2B2C offering and technological prowess, Fils fits with e& enterprise’s commitment to environmental, social and corporate governance (ESG) principles.
Nameer Khan, CEO and Founder of Fils, added: “By joining forces with e& enterprise, we are setting a precedent for integrating sustainability into financial transactions, enabling businesses and consumers to make a tangible impact on the environment.
“It also marks an important shift in the business world, where the pursuit of profit and environmental management are no longer mutually exclusive, but inseparably linked.”