Airtel Payments Bank Launches Eco-Friendly Debit Card

12 August 2023: Airtel Payments Bank, India’s only profitable multi-segment fintech operating at scale with a banking license, becomes the first Indian Bank to launch eco-friendly debit card for its new and existing customers with a savings bank account. The launch comes in alignment with the Bank’s commitment to sustainability and promoting eco-friendly practices within the financial sector.

The debit cards will come in r-PVC material, a certified eco-friendly material. With adoption of this eco-friendly material, Airtel Payments Bank will make a significant impact on environmental preservation. Every batch of 50,000 cards produced, will lead to a substantial reduction of 350 kgs of carbon emissions compared to the conventional PVC cards commonly used in the market. Moreover, the r-PVC cards’ production will result in a 43% decrease of hydrocarbon usage, effectively reducing petroleum consumption during manufacturing. The Bank’s forward-thinking approach will also contribute to water conservation, saving an impressive 6.6 million litres of water per batch of r-PVC cards.

Ganesh Ananthanarayanan, Chief Operating Officer of Airtel Payments Bank said, “We are delighted to introduce our new eco-friendly Debit Cards, made using recycled PVC. Airtel Payments Bank believes in responsible consumption and production for a sustainable future. These cards demonstrate our support for sustainability and commitment to offer safe and convenient banking experience.”

The Bank will soon be coming with more cards in eco-friendly material.