The Tred green debit card will enable users to track their spending and carbon footprint

British fintech Tred has tapped B2B payments firm Nium as its card-issuance partner for its green debit card.

Nium will offer the fintech firm a UK-issued consumer BIN (bank identification number) with GBP settlement.

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Besides, it will manage processing as well as e-wallet services.

The card-issuance service will target UK residents. Users of Tred Card can pay online or in-store with Nium’s solutions.

Tred co-founder Peter Kirby said: “These debit cards work seamlessly alongside the Tred app and help us achieve exactly what we set our minds to: to help people manage their money in a way that’s good for them and the planet.

“Every time our customers use Tred cards, they’ll help us plant trees and will contribute to a better future for our planet.”

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The Tred green debit card will enable users to watch their spending and track their carbon footprint, and plants trees with profits.

All users will get a virtual card for e-wallet payments by default, and have to opt in for a physical card of recycled plastic.

As for Nium, it has pledged to donate a percentage of the interchange fee to the tree planting programme of Tred.

Last month, Australian lender Gateway Bank launched an eco-friendly debit card as part of its sustainability efforts.

The body of the card is made of bio-based and degradable polymer Polylactic Acid (PLA). The card is said to use 65% less energy during production compared to traditional plastic cards and generate 68% fewer greenhouse gases.

The same month, Société Générale partnered with augmented identity technology provider IDEMIA to offer its first ever Visa-branded recycled plastic payment card range.

Earlier this year, UK challenger Starling Bank launched debit cards made from recycled plastic.