Airtel Payments Bank Becomes First Indian Bank to Launch Eco-Friendly Debit Card

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.

Also Read: Airtel Payments Bank Revenue Surges by 37 Percent to Rs 1,291 Crores in FY23