IDEMIA launches GREENPAY Wallet for regenerative sustainability in banking

IDEMIA launches GREENPAY Wallet for regenerative sustainability in banking

by Fintech News Singapore
June 4, 2024

IDEMIA Secure Transactions has introduced the GREENPAY Wallet, a new digital solution aimed at promoting regenerative sustainability in the banking sector. This announcement comes just ahead of World Environment Day on June 5, 2024.

The GREENPAY Wallet is an important step in IDEMIA Secure Transactions’ broader corporate social responsibility strategy.

It enables banks and their customers to contribute to global nature restoration and social projects.

The solution features a software component that allows consumers to make financial contributions to NGO projects through their mobile banking apps, and a digital platform that allows financial institutions to select and monitor impactful projects.

This initiative builds on IDEMIA’s GREENPAY offering launched in 2020, which initially focused on sustainable bank cards made from recycled PVC.

IDEMIA said it ensures that every project within the GREENPAY Wallet aligns with the United Nations Sustainable Development Goals and meets strict standards for reliability and impact.

The projects are carefully selected and monitored through regular reports.

Julia Schoonenberg

Julia Schoonenberg

“IDEMIA Secure Transactions has always been committed to sustainability and is aware of its role as a leader in mobilizing the entire payments industry.

We are therefore very proud of this regenerative solution within our GREENPAY offering. We look forward to rolling out this solution with all our partners and continuing to make a difference for our planet.”

says Julia Schoonenberg, Executive Vice President Payment Services at IDEMIA Secure Transactions.

The launch event, held on May 30, 2024 at the French Chamber of Commerce in Singapore, was attended by notable figures including Her Excellency Madam Minh-di Tang, Ambassador of France to Singapore, and Carine Lespayandel, Executive Director of the French Chamber of Commerce . Trade in Singapore.

This initiative is part of the France-Singapore Joint Year of Sustainability (JYOS), established by French President Emmanuel Macron and Singapore Prime Minister Lawrence Wong to enhance cooperation on sustainable development.