HSBC and ecolytiq have been awarded the "Best Bank and PayTech Partnership" at the 2024 PayTech Awards by Fintech Futures – for the work on HSBC UK’s Carbon InsightsTool for small business customers.

Over 99% of businesses in the UK are SMEs (Source: UK Department forBusiness and Trade 2023 Census), and therefore play a significant role in the private sector as the UK works to achieve its Net Zero goal by 2050. While at the same time, research shows that SMEs lack the tools and knowledge to get started on sustainability initiatives.

HSBC UK’s Carbon Insights tool, developed in partnership with ecolytiq and Visa, helps fill this gap. Carbon Insights enables HSBC Kinetic customers to view the estimated CO₂e values of their HSBC Kinetic Debit Card transactions on a user friendly dashboard in their HSBC Kinetic app. Customers who opt-in to Carbon Insights can access a summarised breakdown by expense categories. In addition, the tool provides helpful suggestions on how they might be able to manage their missions. This is a feature available to HSBC Kinetic customers completely free of charge.  

HSBC and ecolytiq were also finalists in two other categories: Best Business Cards Initiative and Team of the Year.

This is ecolytiq’s second consecutive win at the PayTech Awards, having won Startup of the Year in 2023.  

View the full list of winners and highly commended initiatives.

Read the official press release of the HSBC UK Carbon Insights tool.

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