Fils, a rapidly growing UAE-based enterprise-grade digital infrastructure provider, has formed a partnership with Arab Financial Services (AFS) to promote sustainable practices and drive climate action across industries in the MENA region.
By leveraging Fils’s advanced fintech technology and AFS’s expertise and leadership in digital payments, this collaboration aims to seamlessly integrate sustainability into business operations, customer experiences, and financial transactions.
AFS, with offices in Bahrain, Egypt, Oman, and the UAE, is a leader in digital payment solutions and fintech, serving over 60 clients in more than 20 countries across the Middle East and Africa. The partnership with Fils enables a significant number of banks, financial institutions, and organizations in the MEA region to track and reduce their emissions, supporting the global transition to a low-carbon economy.
Samer Soliman, CEO of AFS, commented: “This collaboration directly supports our ESG strategic goals by accelerating their implementation. As a leading digital payments provider, we embrace the responsibility to drive sustainability not only for ourselves but also to empower our partners and clients to achieve their own environmental ambitions.”
Nameer Khan, CEO of Fils, said: “By combining our advanced digital infrastructure with AFS’s leadership in electronic payments outsourcing, we have a unique opportunity to drive positive change across industries in the MENA region. Our shared commitment to sustainability and climate action will not only transform business operations but also redefine the landscape of responsible finance in the region and beyond.”
Key highlights of the partnership include:
- Sustainable Digital Transformation: Fils’ enterprise-grade digital infrastructure will empower AFS to seamlessly integrate sustainability and climate action into its payments ecosystem. This includes developing innovative solutions to reduce carbon footprints and environmental impact.
- Green Financial Products: The collaboration will explore opportunities to introduce sustainable financial products, focusing on Islamic Credit Cards. By incorporating environmental, social, and governance (ESG) principles, both organizations aim to set new industry standards for responsible and ethical financial services.
- Enhanced Customer Experiences: Fils and AFS will work together to enhance customer journeys by providing eco-friendly and sustainable options for electronic payments. This includes developing user-friendly interfaces that promote responsible consumer choices and positive environmental impact.
- Industry Leadership in Sustainability: As pioneers in their respective fields, Fils and AFS will lead the financial and digital industries in the MENA region towards a more sustainable future. By combining their strengths, the partnership seeks to inspire businesses to prioritize sustainability in their strategies and take measurable action to tackle climate change.
