These facts provide a strong impetus and sense of urgency for all stakeholders to work together to address environmental issues including climate change. In light of this urgent call for action, global leaders and financial regulators embarked on a mission to understand and manage the potential impact of climate and environment-related risks to the local and global economy.
This requires that payments can be performed using different tools and instruments, such as payment cards, mobile phones, wearables and instant payments, as well through other channels and technologies, such as near-field communication. Relying on previously unavailable instant payments technology could be the key to designing a solution that is more efficient than existing ones.