IDEMIA launches GREENPAY Wallet, „a new digital solution bringing regenerative sustainability to banks”

GREENPAY Wallet is the latest addition to IDEMIA’s portfolio of sustainability services for the payment industry, a new digital solution bringing regenerative sustainability to banks. Through this new offer, IDEMIA Secure Transactions „enables banks to empower their customers in fostering a greener future, addressing their growing awareness on the topic” – the company said.

IDEMIA Secure Transactions (IST) strengthens its commitment to sustainability with the launch of GREENPAY Wallet, „a key milestone in the development of a comprehensive and ambitious CSR strategy” – according to the press release. 

GREENPAY Wallet now allows consumers to actively contribute to nature regeneration initiatives and social projects all around the world. It enables banks to empower their clients to make a meaningful impact globally. The solution consists of two components:

For consumers: A software integrated into their mobile bank application to streamline financial contributions to NGO projects. This platform provides easy access to a broad and worldwide spectrum of sustainable projects that contributes to our planet’s ecosystem restoration.

For financial institutions: A digital platform to choose impactful projects, scientifically and economically selected, to offer to their clients or to support directly, along with monitoring tools for each project.

IDEMIA launched its GREENPAY offer in 2020, with the aim of gathering all its partners in the payments industry around sustainability, leading the way at that time by being one of the first companies in the world to bet on recycled PVC for its banking cards. IDEMIA maintains this leadership through this partnership with Handprint, an actor enabling companies to become a part of the new regenerative economy by integrating planet-positive actions into business activities in a profitable and seamless way.

„The process of integrating projects into the GREENPAY Wallet solution begins with the careful selection of partners and their reliability. Each project is analyzed in detail to ensure that it contributes to one or more of the United Nations’ Sustainable Development Goals and addresses concerns identified by data from the World Bank, Global Forest Watch, or the Environmental Performance Index. The projects are then rigorously monitored through regular reports on each project.” – the company explained.