PURCHASE, N.Y.—Mastercard has announced plans to accelerate its efforts to remove first–use, PVC plastics from payment cards on its network by 2028.
“This move further reinforces the company’s sustainability commitments and scales the accessibility of more sustainable card offerings for consumers seeking a way to reduce the environmental impact of their wallet,” Mastercard stated.
Effective Jan. 1, 2028, all newly–produced Mastercard plastic payment cards will be made from more sustainable materials – including recycled or bio-sourced plastics such as rPVC, rPET, or PLA – and approved through a certification program, according to Mastercard, claiming it is the first such move for a payment network.
The company added that it will support its global issuing partners through the transition away from virgin PVC.
Mastercard launched its Sustainable Card Program in 2018, and is reporting that since that time 330 issuers across 80 countries have signed up. IN addition, it said has worked in partnership with major card manufacturers to transition more than 168 million cards across its network to recycled and bio-based materials.
‘More Environmentally Conscious Future’
“At Mastercard we are leading and shaping our industry’s collective pursuit of a more sustainable, more environmentally conscious future,” said Ajay Bhalla, president of cyber & intelligence at Mastercard. “As our customers respond to increased consumer desire to make more eco-friendly choices, we are making a firm commitment to reducing our environmental footprint – for the benefit of people, planet and inclusive growth.”
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