Mastercard Accelerates Sustainable Card Efforts
04/11/2023 • Customer news
Mastercard today announced it is accelerating efforts to remove first–use, PVC plastics from payment cards on its network by 2028. This move further reinforces the company’s sustainability commitments and scales the accessibility of more sustainable card offerings for consumers seeking a way to reduce the environmental impact of their wallet.
From January 1, 2028, all newly–produced plastic payment cards will be required to be made from more sustainable materials – including recycled or bio-sourced plastics such as rPVC, rPET, or PLA - and approved through a certification program, in a first move for a payment network. The company will support its global issuing partners through the transition away from virgin PVC.
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