Payments processor PPS has partnered with Austrian-based card manufacturer exceet Card Group to power sustainable cards for the fintech industry.
The announcement is part of PPS’s efforts to up its environmentally friendly and sustainability programmes. According to the company, this coincides with the increasing demand from customers to provide end-users with green, plastic-free cards made out of alternative materials.
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Through the partnership, PPS aims to provide its customers with an access to a wider range of card manufacturers within the UK and European market.
Ray Brash, CEO of PPS, said: “As the driver behind leading fintech solutions, we are delighted to announce our integration with exceet as part of our commitment to offer responsible programmes to our customers.
“We recognise the impact our industry can have on the environment, and it is our obligation to provide cards that can play a part in the global progress towards sustainability. There’s a lot of important activity in the pipeline of this partnership and together, we look forward to providing the latest innovations in alternative green card solutions.”
Sustainable card-based solutions
Currently, most payment cards are made from non-biodegradable plastics such as PVC, which contains dangerous chemical additives.
By working together, PPS and exceet have committed to deliver card-based solutions with the wellbeing for the environment at the forefront of their business operations.
There are currently several PPS programmes in production with exceet which will offer customers’ end users 100% sustainable wooden cards. The cards will be EMV-compliant and dual interface-capable, enabling customers to make both contact and contactless payments.
In addition, as part of exceet’s commitment to sustainability it also uses 100% renewable energies during the card production.
Sueleyman Tasdemir, CEO of exceet, said: “With more than 350 million exceet cards produced per year, we are the leading service provider for smart cards in the banking, loyalty or transport sector.
“As the preferred partner for many fintech companies and established banking brands, we are delighted to partner with PPS who is at the forefront of innovation within the fintech space. With PPS’ wide ranging customers, we are proud that a huge portion the payment industry will benefit from our sustainable product offerings.”
The announcement comes as financial institutions are increasingly investing in more environmentally-friendly products. In August, CaixaBank launched the first credit card in Spain to be made from 100% recycled material.
