Hong Kong’s Planto partners NZ fintech Cogo to promote sustainability

Hong Kong-based banking solutions provider Planto has partnered with New Zealand’s carbon footprint tracking firm Cogo to develop banking software that encourages sustainability, according to South China Morning Post.

Planto partners Cogo for new software

The software, developed jointly by the firms, will enable consumers and small businesses to view their daily carbon footprint linked to their spends and operations, while providing suggestions on how to cut down their emissions.

“Planto and Cogo have partnered to create awareness about sustainability through partnerships with banks in Hong Kong,” Planto says.

“With one of the highest banking penetration rates in Asia, Hong Kong banks stand to play a crucial role in promoting sustainability and green initiatives to consumers,” it adds.

According to South China Morning Post, the firms were “in talks” with multiple banks in Hong Kong to embed the software into their mobile apps.

The banks will then collect the data and the firms would receive commission from them depending on the number of customers using the software every year.