News Article

GPS joins new Sustainable Fintech Alliance in MENA

Paytech pioneer proudly announces it is a founding member to help drive financial innovation to support MENA countries in achieving their Net Zero pledges

The MENA Fintech Association (MFTA), the leading voice of the fintech community in the Middle East and North Africa (MENA) region, has announced the launch of the Sustainable Fintech Alliance, bringing together fintech pioneers who are on the front line of financial innovation in the face of the increasingly urgent environmental and social challenges the world faces today.

GPS is thrilled to announce that it is one of the founding members of the new Sustainable Fintech Alliance, alongside Mastercard, Codebase Technologies, Checkout.com, and few more innovative organizations in collaboration with the Abu Dhabi Global Market (ADGM), Dubai International Financial Centre (DIFC), The London Institute of Banking and Finance MENA (LIBF).

In joining the Sustainable Fintech Alliance, GPS has committed to gradually implementing credible and transparent sustainability strategies within company’s MENA business activities, which contribute towards the United Nations’ Sustainable Development Goals (SDGs), and also the Net Zero pledges made by several countries across the region.

“Climate consciousness is rising amongst consumers who want to know what their bank, payment card company, and all the businesses they interact with are doing to protect the environment and reduce their carbon footprint,” said Arnav Rath, Head of Region, Middle East & North Africa, GPS.

“We believe we have a collective responsibility to find innovative fintech solutions which contribute to tackling global warming. It is only by working together, sharing ideas, resources, and lobbying for change, will we be successful in moving MENA to a world-respected low-carbon regional economy.”

“We are proud to be a founding member if the MENA Sustainable Fintech Alliance and look forward to our future discussions.”

GPS is a paytech pioneer and sits at the heart of the global digital revolution, transforming the payments industry. The company launched in the MENA region in September 2021 and established its regional headquarters in Dubai (UAE) serving customers in UAE and other countries in MENA region.