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

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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 Bureauhttps://talkfintech.com
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.

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