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Emission Tracking and Reducing Greenwashing Top Priorities for Fils and Telr’s New Partnership

Merchants can now track their emissions and access voluntary carbon markets to mitigate their negative impact on the environment following a new partnership between the ESG-focused digital infrastructure provider, Fils and Telr, the online payment gateway.

An increased green effort has sometimes resulted in unintentional greenwashing. However, following the collaboration between Telr and Fils, organisations will be able to demonstrate their positive impact on the environment with robust reporting functionality, reduced greenwashing, and the encouragement of businesses to invest in sustainable initiatives through Fils’ marketplace.

Telr facilitates transactions in over 30 currencies and supports over 120 languages. It enables businesses to connect to all payment schemes and manage financial and business services as a one-stop shop for ecommerce solutions. Telr’s collaboration with Fils will enable organissations to track and mitigate emissions seamlessly, increasing the sustainability of payment operations across the globe.

Nameer Khan, chairman MENA Fintech Association and founder of FILS
Nameer Khan, CEO and founder of Fils

Nameer Khan, CEO and founder of Fils, said: “Today’s exciting partnership with Telr will make a real impact in tackling the issues of climate change, providing access to carbon markets via our robust and transparent infrastructure. Our technology-first approach to sustainable action enables SMEs, large corporates and other organisations to seamlessly embed sustainability throughout their global operations.”

Fils’s alliance with Telr builds on an impressive year of high-profile partnerships for the fintech company. Its new clients include e& Enterprise, Magnati, Mashreq Bank, Flowcarbon and AFS.

Adding to an existing suite of services

The new Fils integration adds to Telr’s existing suite of services, aiming to elevate e-commerce businesses seamlessly and efficiently with a one-stop-shop philosophy. This encompasses a variety of financial and business services. Theses range from social commerce and QR codes to digital invoicing, Telr Buy Now Pay Later (BNPL), and Telr Finance—a dedicated program for merchant financing.

Khalil Alami, founder and CEO of Telr
Khalil Alami, founder and CEO of Telr

Khalil Alami, founder and CEO of Telr said: “This partnership underscores our unwavering dedication to driving sustainable finance. Also, by leveraging Telr’s expertise and partnering with exceptional entities like Fils, we aim to reshape transactions.

“This effort promotes a more sustainable economy, empowering our merchants with access to emissions calculators to monitor their carbon footprint and emissions-reduction tools. These initiatives align with the ‘Net Zero by 2050’ strategy and are synchronised with COP28, highlighting our commitment to a brighter, more sustainable future.”

Author

  • Francis is a journalist and our lead LatAm correspondent, with a BA in Classical Civilization, he has a specialist interest in North and South America.

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