Airtel Payments Bank launched India’s first eco-friendly debit card for its savings bank account clients on Tuesday, emphasising the company’s ‘commitment to sustainability and supporting eco-friendly practices within the financial industry.’
The debit cards will be made of r-PVC (recycled polyvinyl chloride), which the bank believes is environmentally safe. Furthermore, the bank indicated that each batch of 50,000 cards manufactured would save carbon emissions by 350 KGswhen compared to market-standard PVC cards.
Producing these environmentally friendly debit cards will help reduce petroleum consumption during production, reducing hydrocarbon usage by 43 per cent.
According to the business, this production method will save 6.6 million litres of water for every batch of r-PVC produced.
“We are delighted to introduce our new eco-friendly debit cards, made using recycled PVC. Airtel Payments Bank believes in responsible consumption and production for a sustainable future. These cards demonstrate our support for sustainability and our commitment to offer a safe and convenient banking experience. Our goal is to provide India with accessible and inclusive banking, driving positive change in the financial industry, and offering our customers a seamless and secure payment experience,” said Ganesh Ananthanarayanan, Chief Operating Officer of Airtel Payments Bank.
Airtel Payments Bank is working on two classic cards: a customised Classic card and an Insta Classic card. The former is available for purchase via the Airtel Thanks app, while the latter will be accessible at certain neighbourhood banking locations by the end of the current quarter.
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The company said: “The cards come with rewards including e-commerce benefits of up to Rs 10,000 and complimentary dining experiences under the ‘One Dines Free’ programme across major cities of India.”
