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Trust Bank and Thales team to unveil Singapore’s Ocean Plastic Card

By Gloria Mathias

December 14, 2023

  • APAC Fintech
  • APAC Fintech news
  • APAC news
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Thales, India, Fintech , Payments, Card Payments, Green Finance, Ocean Plastic Card, Recycled Card Payments, Plastic Cards, Sustainable Cards, Thales Security, Trust Bank Singapore, Digital Banking, Card Management, Credt card Payments, Debit Card Payments, Trust Bank Singapore (Trust) has partnered with Thales to offer its customers sustainable credit and debit cards made from recycled ocean plastic.

With each card containing roughly the equivalent of one reclaimed plastic bottle, Trust supports sustainable innovations in the banking sector by offering an environment-friendly alternative to traditional plastic cards. To minimise its impact on the environment, Trust is collaborating with Thales to offer the first Ocean Plastic payment card in Singapore to its customers.

Built for a diverse customer base, including environmentally conscious consumers, the card consists of 70% Ocean Plastic from Parley for the Oceans, making it one of the eco-friendly cards available on the market.

Thales’ Ocean Plastic payment cards are manufactured from PET (a type of plastic used in products such as single-use bottles) recovered from coastal areas. Each card contains the equivalent of approximately one discarded bottle that would otherwise threaten vulnerable ocean environments.

The cards are manufactured using Thales’ technology at the Digital Identity & Security (DIS) Manufacturing Competence Centre in Singapore, the largest multi-module manufacturing facility for the Thales Group worldwide. The cards are also fully certified by payment schemes, complying with green manufacturing processes, including the ISO 14001 and 50001 certification standards.

Thales’ processes ensure that the card’s environmental impact is minimised at every stage, from resource consumption and emissions during manufacturing to waste and end-of-life disposal.

“With Thales’ sustainable innovations in banking cards, we are delighted to collaboratively bring to life the first Ocean Plastic® payment card in Singapore. As a digital bank with a core value of ‘Build to Sustain’, we hope to continue pioneering more sustainable solutions that reduce our environmental footprint,” said Hasan Khan, Head of Credit Card and Lending, Trust Bank.

“Thales is proud to support Trust as they provide their customers with a sustainable payment card. Coupled with Thales’ contactless banking technology and cybersecurity, the cards offer a seamless payment experience to consumers while helping Trust contribute towards cleaner oceans. We look forward to further collaboration with them in the coming years,” stated Nassir GHROUS, Vice President, Thales Banking and Payment Services, Asia Pacific, Middle East, and Africa.

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