IT service provider Thales Digital Identity & Security collaborated with financial service provider Trust Bank Singapore on Wednesday, to launch ocean plastic, a sustainable credit and debit card made from plastic found in the ocean.
The tech company said the recycled card consists of 70% ocean plastic from Parley for the Oceans, non-profit environmental organization. The ecofriendly cards are manufactured from single-used plastic material called PET recovered from coastal areas.
Thales said the card is produced using its technology at Digital Identity & Security (DIS) Manufacturing Competence Centre in Singapore. Additionally, the card is certified by payment schemes, complying with green manufacturing processes including the ISO 14001 and 50001 certification standards.
ISO 14001 deals with resource consumption, waste management and pollution while ISO 50001 is interested in reducing energy consumption.
“With Thales’ sustainable innovations in banking cards, we are delighted to collaboratively bring to life the first Ocean Plastic payment card in Singapore and as a digital bank with a core value of ‘Build to Sustain’, we hope to continue pioneering more sustainable solutions that reduce our environmental footprint,” said Hasan Khan, head of Credit Card and Lending, Trust Bank.
“Coupled with Thales’ contactless banking technology and cybersecurity, the cards offer a seamless payment experience to consumers, while helping Trust contribute towards cleaner oceans,” said Nassir Ghrous, vice president, Thales Banking and Payment Services, Asia Pacific, Middle East and Africa.
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