Mastercard Tackles ‘Greening’ Plastic Cards
The world has a plastic problems — a fact illustrated earlier this week when researchers from the Environment Agency Austria and the Medical University of Vienna jointly presented evidence that there is so much plastic in the environment that we’ve actually begun to inadvertently eat it. Scientists are now looking for more funding to get a better understanding as to how so much plastic has made it into human digestive tracts worldwide — but the big takeaway, Mastercard President of Cyber And Intelligence Solutions Ajay Bhalla told PYMNTS, is pretty obvious.
“This is an issue we as a generation can no [longer] ignore,” he said. “Plastic is easy, yes, but we now need to be working on a bigger cause of reducing it. If we don’t all get behind it, the world will have a big problem. This is a matter of being environmentally responsible.”
To push that goal, Mastercard — in partnership with the world’s three largest card manufacturers, Gemalto, Giesecke & Devrient and IDEMIA — has officially launched the Greener Payments Partnership to establish environmental best practices and reduce first-use PVC plastic in card manufacturing.