Local weather engagement fintech ecolytiq is increasing into North America following a collaboration with Canadian credit score union Vancity and funds agency Visa.
Vancity has partnered with ecolytiq to supply the primary Visa Carbon Counter in Canada. The ecolytiq answer combines local weather consciousness, schooling, and behavioural nudging in its instrument for monetary establishments.
The software program calculates private environmental impacts, comparable to CO2 values, on the premise of fee transactions.
From the brand new 12 months, each Vancity Visa credit score cardholder can observe the estimated carbon emissions of their bank card purchases. Members may also be capable of see how their month-to-month tally compares to the nationwide common.
The Carbon Counter helps Vancity cardholders perceive the carbon footprint of their purchases in addition to present recommendation on what they will do to cut back their emissions footprint.
“We’re breaking new floor right here,” stated Ulrich Pietsch, ecolytiq co-founder and managing director.“We developed a white label answer to supply monetary establishments all around the world an agile and effectiveway to supply their clients with instruments to forge a greater tomorrow. With the launch of Carbon Counter,Vancity is solidifying its position as a number one sustainability innovator each in Canada and within the world bankingworld.”
Toronto workplace
ecolytiq can also be opening an workplace in Toronto to higher scale local weather motion via monetary establishments. T
his marks a serious milestone for the Visa Fintech Companion Join Programme member, which additionally helped launch Visa’s Eco Advantages Bundle final 12 months. It joined the Visa Fintech Companion Join programme in November 2020.
