Geidea partners with Fils

As part of the collaboration, Geidea and Fils are set to enable customers by offering estimates of carbon emissions for specific transactions leveraging the former’s payment gateways. Customers can receive insights into the carbon concentration of their actions, including flights, rides, products, and shipping, with the estimates fostering sustainability and enabling informed decision-making. After being provided with the carbon footprint insight, Geidea, via its work with Fils, allows customers to contribute to carbon credit projects directly from any product interface, simplifying the process for users to actively support a greener future and minimise their impact with every transaction.

According to Geidea’s officials, the company aims to continue to use technology to contribute to solutions and the collaboration with Fils aligns with its objective of enhancing payment services by integrating sustainability into digital transactions. Representatives from Fils underlined that the partnership with Geidea supports their company’s journey towards sustainable development in the global fintech landscape. The two companies plan to extend regionally in the UAE, solidifying both of their commitments to ESG values across strategic territories. Furthermore, by working with Geidea, Fils not only assists its environmental mission but also supports its technology and allegiance to allow transactions to have a positive impact on the planet. Both Geidea and Fils aim to increase sustainable finance while demonstrating that progress and environmental stewardship can function synergistically.

As a fintech payment service provider, Geidea offers digital banking technology, smart payment terminals, and business management solutions for small and medium-sized businesses (SMBs) in retail and digital commerce. Currently, the company’s solutions are leveraged by more than 150,000 merchants globally. In addition to its collaboration with Fils, Geidea also partnered with Mastercard in July 2023, aiming to provide consumers and businesses in Saudi Arabia with increased access to payment solutions. The collaboration was set to allow Geidea to extend its range of services and products, with the company operating as a direct and third-party issuer providing access to BIN sponsorship. The agreement also enabled Geidea to leverage Mastercard’s technology to issue BIN ranges and allow consumers, merchants, and fintechs across the region to use enhanced payment solutions.