Paynetics Acquires Novus to Spearhead ESG Initiatives in FinTech

Paynetics, a prominent player in the FinTech industry known for its embedded finance solutions, has acquired Novus, marking a significant stride towards advancing environmental, social, and governance (ESG) initiatives. This strategic move is poised to reshape the FinTech landscape, particularly in Europe, by bolstering the ESG ecosystem and integrating finance services to facilitate ESG goals.

As a dual-regulated entity in the EU and the UK, and a principal member of major financial networks like Mastercard and VISA, Paynetics offers a broad spectrum of services, including card acceptance, payment accounts, transfers, and digital wallet integrations. Novus, on the other hand, has revolutionized traditional banking by enabling users to support causes through everyday transactions and offset their carbon footprint via certified Carbon Removal Projects. With Paynetics’ acquisition of Novus, a shared vision of leveraging finance for social and environmental impact emerges, promising innovative solutions that empower both consumers and corporations to contribute positively to global challenges. Through this partnership, Paynetics aims to accelerate businesses through innovation while fostering a more sustainable and socially responsible financial ecosystem.

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