Worldline UK&I links with Stabiliti for carbon offset payments


Stabiliti and Worldline UK&I, a global leader in payment and transactional services, have announced a strategic partnership.

Stabiliti is renowned for its innovative software solutions aimed at reducing the carbon footprint of financial transactions, while Worldline UK&I excels in facilitating secure and efficient payment systems worldwide.

The partnership aims to integrate Stabiliti’s cutting-edge software, which matches verified carbon offsets with residual micro-emissions from payment transactions, into Worldline UK&I’s payment platforms. This initiative allows consumers to contribute to nature-based carbon removal projects through a simple “round-up” option at points of sale, promoting sustainable transactions and enhancing environmental stewardship.

Stabiliti has developed a software solution that is seamlessly embedded into payment systems to track and offset carbon emissions associated with financial transactions. This technology ensures that each payment transaction contributes to environmental sustainability.

On the other hand, Worldline UK&I specializes in providing comprehensive payment solutions to its mobility and merchant clients, facilitating secure and efficient transactional services across the globe.

By integrating Stabiliti’s technology into its systems, Worldline UK&I enables consumers to opt-in at the point of sale to support local and global sustainability projects. This collaboration not only enhances the consumer’s ability to participate in environmental efforts but also aligns with Worldline UK&I’s strategic vision of supporting sustainable business practices through innovative solutions.

The partnership between Stabiliti and Worldline UK&I represents a significant step forward in the Climate FinTech sector, potentially setting a new standard for how companies can leverage financial transactions to support environmental sustainability. The success of this initiative may inspire other companies to adopt similar technologies and approaches.

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.”

Keep up with all the latest FinTech news here.

Copyright © 2024 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.