Wio Bank was created to reboot banking in the UAE for both businesses and consumers. In alignment with the UAE’s Year of Sustainability, Wio Bank has integrated the Carbon Calculator into its Wio Personal application, setting a new standard for sustainable banking practices in the region.

By understanding their carbon footprint, Wio Personal users are equipped to make meaningful changes that combat climate change, conserve resources, and encourage a sustainable lifestyle. As part of this initiative, Wio Personal customers can also directly donate to support the Emirates Nature – WWF project, aimed at restoring 50,000 mangroves over 10 Hectares in the Northern Emirates.

“Our aim at Wio Bank is to continuously support our customers with the right tools and give them the confidence when it comes to their spending habits. The Carbon Calculator is one more way that will enable them to understand, visualise, and spend in a way that will serve our planet better. This is a step towards a more sustainable future, fostering a new way of thinking about our actions and their effects on the world we live in. We are proud to partner with Mastercard to drive positive change among the community and raise awareness about the impact of purchasing behaviours on our planet,”

said Jayesh Patel, Chief Executive Officer at Wio Bank.

“At Mastercard, we are committed to leveraging innovative technologies to enable more sustainable consumption. We are delighted to welcome Wio Bank to the community of partners that are putting the Carbon Calculator to use for more informed purchasing decisions of their cardholders. We are working hard together with our partners in the UAE to support the Year of Sustainability,”

said Ellen Jackowski, Chief Sustainability Officer, Mastercard.

The Mastercard Carbon Calculator, powered by the independently verified Doconomy Åland Index, provides users with the estimated carbon emissions generated by their Wio Personal card purchases. The tool was developed to help drive more informed purchasing decisions and can be enhanced with relatable and easy-to-understand equivalents, such as the number of trees required to absorb the same amount of CO2, and tips about living more sustainably.

Bank financial institutions can seamlessly integrate Mastercard’s Carbon Calculator into their mobile apps through new APIs that are available on the Mastercard Developers platform.

Featured image credit: Wio Bank x Mastercard agreement signing event on the sidelines of COP28