Plan to eliminate PVC plastics from payment cards on its network by 2028
IN BRIEF:
- This will scale the accessibility of more sustainable card offerings for consumers
- From 2028, Mastercard payment cards will be made from more sustainable materials – including recycled or bio-sourced plastics
- Mastercard launched its Sustainable Card Program in 2018 which has seen over 330 issuers across 80 countries voluntarily sign up
What does this mean?
“The world has a plastic problem. Solving it will be a whole-of-society task, yet efforts are often taken in isolation or without coordination,” said Sandeep Malhotra, Executive Vice President, Products & Innovation, Asia Pacific, Mastercard. “With this sustainable cards effort, Mastercard is bringing its global network of banks, financial institutions and consumers – who collectively hold more than 3 billion Mastercard cards – together to build a greener payments sector through collaboration and partnership.”
