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Telr collaborates with Fils for greener payment infrastructures
Wed, 21st Feb 2024

The digital payment champion, Telr, has announced a promising collaboration with the innovative climate fintech, Fils. This strategic alliance aims to drastically decrease emissions within payment infrastructures by integrating Fils' sustainable end-to-end systems. Telr's groundbreaking platform currently supports over 30 currencies in 120 languages and is a leading resource for businesses across the globe.

This joint venture supports the UAE's Net Zero by 2050 strategy and is in sync with the objectives established at COP28. This integration with Fils promises a more sustainable and transparent approach to finance and payments. It will facilitate businesses in keeping a check on their emissions while also providing access to voluntary carbon markets to counterbalance those emissions.

By incorporating Fils' technology, Telr also enables its merchants to demonstrate the positive environmental impact they are creating authentically. It offers robust reporting capabilities, helping to minimise greenwashing, and motivates businesses to invest in sustainable initiatives through the Fils marketplace.

Fils, a pioneering ESG-focused digital infrastructure fintech, takes another significant step towards its mission to aid businesses in measuring and reducing their environmental impact. This collaboration broadens Telr's existing services, strengthening its objective of enhancing e-commerce businesses seamlessly and effectively with a holistic approach.

Nameer Khan, CEO and Founder of Fils spoke about the partnership, stating, "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 embed sustainability throughout their global operations seamlessly."

Telr, a UAE-based award-winning payment gateway solutions provider, already facilitates transactions in over 30 currencies and supports over 120 languages. As a leading payments aggregator, Telr enables businesses to connect to all payment schemes and manage financial and business services as a one-stop shop for eCommerce solutions. This collaboration will enhance the sustainability of global payment operations, providing organisations with a platform to track and offset emissions seamlessly.

Khalil Alami, Founder and CEO of Telr, remarked on the partnership, "This partnership underscores our unwavering dedication to driving sustainable finance. 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."

The collaboration between Fils and Telr marks yet another year of high-profile partnerships for the fintech company, which counts amongst its clients e & Enterprise, Magnati, Mashreq Bank, Flowcarbon, and AFS. Based in Dubai and London, Fils comes forth as a game-changer in fintech with a robust tech-first approach to sustainable action. Their revolutionary digital ecosystem connects payment infrastructure, organisations, and impact makers to increase the scalability of their sustainability practices.