Helping banks offer more eco-friendly cards to consumers and taking concrete steps to bring about that change for everyone benefits – it’s better for the environment, it’s better for business and it meets evolving consumer needs; the sustainable card programme to be launched my Mastercard.
60 financial institutions – including top tier banks such as DBS, Santander and Crédit Agricole – are to begin issuing cards with approved materials. Partnering with Mastercard on this important environmental initiative with the new DBS Eco Card, the first credit card in Asia made from polylactic acid — a renewable and biodegradable polymer material that emits no toxic gases during incineration.
Mastercard has created a directory of sustainable card materials including information on where to source them, to help banks and other card issuers make the transition. Switching to sustainable plastics was given a further boost last month, when Visa announced plans to roll out cards made from recycled materials to all financial institutions globally. The card scheme has collaborated with CPI Card group to produce the ‘Earthwise High Content Card’, which is made with up to 98% up cycled plastic.