NZ‘s first 85% biodegradable Debit Mastercard card
TSB has partnered with Mastercard to launch a new Debit Mastercard card with one unique twist – the card is 85 per cent biodegradable meaning once expired, it can break down much faster than a standard bank card.
This New Zealand first is made from degradable PVC film with an additive that helps it to degrade in the right conditions such as organic compost.
TSB’s GM of Marketing and Customer Experience Justine St John says TSB worked with Mastercard and Placard to develop this innovative and more sustainable card based on customer feedback.
“We know that customers are becoming increasingly more environmentally conscious and savvy. In New Zealand, thousands of plastic bank cards are issued each year and although the back of the couch may be responsible for where some of them go, many will end up in landfill one way or another.
“By offering a card that is largely biodegradable, we are reducing the amount of plastic that just sits in a landfill for decades.”
Traditional bank cards can take decades to break down – they’ve been called the ‘plastic straw of the banking industry’ by some.
The remaining 15 per cent of the card is made up of the antenna inlay, the mag stripe, signature panel, hologram and chip module.
The new TSB Debit Mastercard card has a modern and slick vertical layout making it more suited to contactless payments. It is available from September 14, customers can apply online at tsb.co.nz (terms and conditions apply).