Qatar Islamic Bank (QIB), Qatar’s leading digital bank, in partnership with Visa and ecolytiq (Visa partner and a global company providing sustainability service solutions) announced an innovative feature to its Mobile App with the introduction of the ‘Carbon Emission Tracker’ feature.
This innovative move sets a new standard in Qatar and the broader region, reinforcing QIB’s commitment to reshaping the digital banking landscape with a focus on sustainability and environmental awareness.
“The QIB Mobile App stands as the preferred banking channel for our customers, exemplifying our commitment to leading in digital banking through Environmental, Social, and Governance (ESG) principles. We consistently investigate our customers’ daily banking needs and proactively integrate features that align with ESG standards. Our dedication goes beyond addressing current needs; we are steadfast in our investment in technology and innovation to elevate the overall customer experience while working towards a greener, more sustainable environment.”
The Carbon Emission Tracker feature underscores QIB’s leadership in digital banking, setting a precedent for financial institutions to integrate environmental awareness into their services. As QIB forges ahead in its sustainability journey, the new feature represents a significant step towards creating a more eco-conscious banking experience for its customers, as per the statement.
Mr. Shashank Singh, Visa’s Country Manager in Qatar and Kuwait, said that, “We are delighted to acknowledge the groundbreaking achievement by QIB with the launch of the Carbon Emission Tracker Feature developed in partnership with ecolytiq. This pioneering initiative highlights QIB’s dedication to transforming the digital banking sector, placing a significant emphasis on sustainability and environmental consciousness.”
“This partnership marks a monumental shift in the market. Climate engagement in banking is coming to Qatar. Our innovative work with QIB and Visa is giving banking customers in Qatar more transparency and choice to live sustainably. We are proud to have been chosen to help QIB guide its customers through the complexity of the environmental crisis by making this a fundamental part of QIB’s banking experience. QIB has decided to embrace the future of banking by being a part of it,” commented Mr. David Lais, Co-founder and Managing Director of ecolytiq.
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