Mastercard unveils ‘Carbon Calculator’ for banks in MEA

Mastercard unveils ‘Carbon Calculator’ for banks in MEA
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Updated 07 June 2021

Mastercard unveils ‘Carbon Calculator’ for banks in MEA

Mastercard unveils ‘Carbon Calculator’ for banks in MEA

Amidst the growing trend toward eco-conscious spending and consumption among people who want to pursue more sustainable choices and practices, Mastercard has released its Mastercard Carbon Calculator for the Middle East and Africa. 

Developed in collaboration with the Swedish fintech Doconomy, the Carbon Calculator is a feature that provides access to insights and data about environmental impact. It enables consumers to receive a snapshot of the carbon emissions generated by their purchases across spending categories. Banks and financial institutions can easily adopt and customize the feature for eco-conscious consumers, by seamlessly integrating the Carbon Calculator into their mobile apps through new APIs that are now available on Mastercard Developers. 

“The new Mastercard feature enables banks to equip people with carbon footprint data and insights to help inform consumer spending and offer ways to contribute to reforestation,” said Gaurang Shah, senior vice president, product management, digital payments and labs for Middle East and Africa, Mastercard. 

Results from Mastercard’s most recent research released on Earth Day last month, highlighted strong consumer demand for payment solutions that address sustainability.