“…the new eco-friendly card is composed of more than 85 percent recycled PVC, which makes it the card with the highest concentration of recycled PVC materials currently on the market.”
The longstanding partnership between IDEMIA and Treezor will soon lead to the launch of France’s first eco-friendly fintech card. The two companies joined forces more than three years ago to develop cards with next-generation form factors like metal cards and transparent cards that would still fulfill the strict security requirements of the banking industry.
In that regard, the new eco-friendly card is composed of more than 85 percent recycled PVC, which makes it the card with the highest concentration of recycled PVC materials currently on the market. The French neobank Onlyone will be the first financial institution to offer the new card when it begins distributing them to its existing customers in September.
Onlyone markets itself as one of the world’s first environmentally friendly fintech institutions. IDEMIA received “Environmental Claim Validation Summary” certification from UL Environment Inc., which is the company’s supplier for recycled PVC materials.
“We are grateful to be the first Fintech in France to offer an eco-responsible card,” said Onlyone Co-Founder and CEO Kamel Nait Outaleb. “With this new card, we are laying the first brick in supporting our customers towards a low-carbon lifestyle.”
“We strive to adopt green practices throughout our operations by going paperless and developing digital and eco-friendly bank card solutions,” added IDEMIA Financial Institutions EVP Amanda Gourbault. “Bank cards are manufactured from industrial waste-based recycled PVC in line with circular economy principles, which seek to cut waste of natural resources and minimize industrial waste.”
While the new card will be the first commercial eco-friendly card to appear in France, it is not IDEMIA’s first recycled PVC solution. IDEMIA recently announced it is providing a similar card for Spain’s BBVA, which began issuing the cards to Youth Account holders in June of 2020. The company has also embarked on a biometric card pilot in collaboration with Zwipe and IDEX Biometrics.