Fils, the UAE-based enterprise-grade digital infrastructure provider, announced a major partnership with Arab Financial Services (AFS), the Middle East and Africa region’s leading digital payment solutions provider and fintech enabler, to drive climate action across industries in the region.
Leveraging Fils’s state-of-the-art fintech technology and AFS’s expertise and regional leadership position in digital payments, the partnership will help integrate sustainability seamlessly into businesses’ operations, customer journeys, and financial transactions.
The UAE company’s partnership with AFS is expected to enable a significant proportion of banks, financial institutions, and organizations in the MEA to track and mitigate their emissions, helping the global transition to a low-carbon economy.
AFS, which has offices in Bahrain, Egypt, Oman, and the UAE, is an industry leader in digital payments solutions and fintech, serving over 60 clients across more than 20 countries in the Middle East and Africa region.
Samer Soliman, CEO of AFS, said the collaboration will directly support the company’s ESG strategic goals by accelerating their implementation.
Nameer Khan, CEO of Fils, said the partnership will offer a unique opportunity to drive positive change across industries in the MENA region by combining Fils’ advanced digital infrastructure with AFS’s leadership in electronic payments outsourcing.
The collaboration will explore opportunities to introduce sustainable financial products, with a specific focus on Islamic credit cards.
Fils and AFS will also work together to enhance customer journeys by providing eco-friendly and sustainable options for electronic payments.
Fils’ partnership with AFS comes close on the heels of an impressive roster of collaborations so far this year, including with e& Enterprise, Mashreq Bank and Flowcarbon.
The UAE-based fintech is ushering in a new era of corporate sustainability, enabling all organizations to contribute to the transition to a net-zero economy.
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