MasterCard accelerates its strategy to eliminate single-use plastic from payment cards


Share post:

MasterCard has said that it will step up its efforts to eliminate first-use PVC plastics from payment cards on its network by 2028.

According to MasterCard, this action strengthens the company’s commitment to sustainability and expands consumer access to more environmentally friendly card options. Consumers are increasingly looking for ways to lessen the environmental impact of their wallets. All new MasterCard plastic payment cards will begin to be produced on January 1, 2028, using more environmentally friendly materials.

In an initial step for a payment network, these include recycled or bio-sourced plastics such as rPVC, rPET, or PLA1 that have been approved through a certification program.

Read More: Mastercard speeds up plan to remove first-use plastics from payment cards

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


Please enter your comment!
Please enter your name here


Related articles

BNP Paribas and Ant International Partner To Improve Cross-Border Payment Solutions In Europe

BNP Paribas, a bank in the European Union, has partnered with Ant International, a digital payments and financial...

Wirex And Visa Collaborate To Promote Use Of Digital Currencies In The UK And The European Economic Area (EEA)

Wirex, a Web3 money app, and Visa, a leader in digital payments, have announced a partnership to promote...

Transend Partners With Midland States Bank To Offer Innovative POS Solutions

Transend, a company that offers working capital solutions to businesses, has announced a new partnership with Midland States...

Three in ten adults have been a victim of financial fraud; spurring industry to continue investment to protect consumers

As fraud rates continue to rise, nearly all adults in the UK (94%) now say they are taking...