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Tuesday, November 12, 2024

Stabiliti & Worldline UK&I Collaborate on Carbon offset Payments

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A strategic agreement has been launched between Stabiliti & Worldline UK&I, a leading provider of payment and transactional services worldwide.

Stabiliti is well known for its cutting-edge software solutions that minimise the carbon impact of financial transactions, while Worldline UK&I is a global leader in providing safe and effective payment systems.Stabiliti & Worldline UK&I Work Together on Carbon the wallet AGE

The collaboration intends to include Stabiliti’s state-of-the-art software into Worldline UK&I’s payment platforms, matching confirmed carbon offsets with leftover micro-emissions from payment transactions.

Through a straightforward “round-up” option at points of sale, this initiative enables customers to support nature-based carbon removal projects, encouraging sustainable transactions and improving environmental stewardship.

Stabiliti has created a software programme that tracks and offsets carbon emissions linked to financial transactions and is easily integrated into payment systems.

Every payment transaction is guaranteed to contribute to the sustainability of the environment thanks to this technology.

Conversely, Worldline UK&I focuses on offering its merchant and mobility clients complete payment solutions, enabling safe and effective transactional services worldwide.

Worldline UK&I allows customers to choose to support local and global sustainability projects at the time of sale by incorporating Stabiliti’s technology into its systems.

Together with improving the consumer’s capacity to contribute to environmental initiatives, this partnership supports Worldline UK&I’s strategic goal of promoting sustainable business practices through creative solutions.

The collaboration between Worldline UK&I and Stabiliti is a big step forward for the Climate FinTech industry and might establish new guidelines for how businesses can use financial transactions to promote environmental sustainability.

If this project is successful, other businesses might be motivated to use comparable tools and strategies.

Stabiliti CEO Will Foulkes said, “ESG is woven into the fabric of Worldline UK&I’s strategic vision with their strapline ‘Payments to grow your world’, which aligns perfectly with our mission at Stabiliti. This partnership is a powerful alliance, enabling us to amplify our impact to ensure that every transaction contributes to a sustainable future.”

Worldline UK&I CEO Johnathan Astbury said, “At Worldline UK&I we have consistently been at the front of innovation in the CSR space, always looking to stay several steps ahead of what the market is doing.

“We are excited to partner with Stabiliti to further enhance our commitment to helping our clients meet and exceed their environmental objectives by enabling them to reduce the carbon impact of their businesses. In addition, we are putting the scale of our business reach to work in the fight against climate change and we think this could make a real difference by democratising access to climate funding.”
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