Yesterday, Airtel Payments Bank created a buzz on social media by teasing an upcoming eco-friendly initiative. Today Airtel Payments Bank (APB) has announced the launch of an eco-friendly debit card for its new and existing customers with a savings bank account, becoming the first Indian Bank to launch such a card. Airtel Payments Bank is India's only profitable multi-segment fintech operating at scale with a banking license.
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Certified r-PVC Material
Airtel Payments Bank has announced that their debit cards will be made from certified eco-friendly r-PVC material, which will positively impact the environment. This move aligns with the Bank's commitment to sustainability and promoting eco-friendly practices in the financial sector.
Reduction in Carbon Emissions and Hydrocarbon Usage
Airtel Payments Bank stated that for every batch of 50,000 cards that are made, there will be a significant decrease of 350 kgs of carbon emissions compared to the usual PVC cards used. Additionally, producing the r-PVC cards will lead to a 43 percent reduction in hydrocarbon usage, effectively decreasing the petroleum consumption during the manufacturing process.
Water Conservation
Regarding water conservation, the Bank said its forward-thinking approach will aid in conserving water resources by saving 6.6 million litres of water with each batch of r-PVC cards. This noteworthy conservation effort demonstrates the Bank's commitment to sustainable practices and its efforts to reduce its environmental impact.
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Card Variants for Every Customer
Airtel Payments Bank is launching two card variants under the Classic category: the Personalised Classic Card and the Insta Classic Card. APB announced that customers can easily order the Personalised Card through the Airtel Thanks app. At the same time, the Insta Card will be conveniently available at select neighbourhood banking points by the end of the current quarter.
According to APB, these cards offer not only eco-friendly benefits but also rewards such as e-commerce benefits of up to Rs 10,000 and free dining experiences through One Dines in major Indian cities.
Airtel Payments Bank said, "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 commitment to offer safe and convenient banking experience. Our aim is to provide India with accessible and inclusive banking by driving positive change in the financial industry and offering our customers a seamless and secure payment experience."
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In the near future, the Bank has plans to introduce additional card offerings using eco-friendly materials, continuing its proactive efforts towards sustainable banking practices.
