Visa is to roll out cards made from recycled plastic 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% upcycled plastic. The card is EMV compliant and dual interface capable, enabling both contact and contactless payment.
Douglas Sabo, vice president and head of corporate responsibility and sustainability at Visa, says: “Our collaboration with CPI signifies a further milestone in our efforts to drive our goal of inclusive growth with a commitment to protecting the environment. We’re proud that this offering will ultimately benefit the entire payments industry and environment.”
The new card joins Earth Elements, CPI’s portfolio of more eco-friendly payment cards, which includes Second Wave, a payment card featuring a core made with recovered ocean-bound plastic.