You already know Cash Passport gives your clients convenience, peace of mind, and security when they travel. And you’ll remember that the good folks at Mastercard changed the game when they did away with loads of fees last year? Read on to discover how Mastercard is now helping your clients help the planet.
We love sustainability at Karryon. It fills us with the warm-and-fuzzies when we hear businesses not just saying they’ll reduce their impact in the world but actually committing to it with action. This is why we love Mastercard’s blueprint (greenprint?) for a more sustainable future.
Leading the change
Mastercard has been talking about sustainability for quite some time. More than a decade ago, in fact, shifting gears to more financial inclusion, heightened data responsibility, and stewardship of the environment.
In 2018, they also launched their Sustainable Card Program with over 330 issuers across 80 countries signed up and on board. Major card manufacturers have helped transition more than 168 million Mastercard cards to recycled and bio-based materials.
The focus on change is internal, too. At Mastercard global offices, there’s a focus on green buildings, reduced emissions, and renewable energy.
Yes, recycled Cash Passport cards are here!
Did you know that 100% recycled Cash Passport cards are already here for Australian and New Zealand travellers? You do now!
The Cash Passport recycled card is made from discarded PVC products on their way to the landfill. Like a stray kitten rescued from the roadside, this abandoned PVC now has a new home – in your client’s wallets on their adventures near and far.
The benefits of recycled PVC include:
- Able to be recycled several times
- Reduced energy process to recycle
- Reducing landfill waste
- Repurposing industrial waste
- Can be incinerated eventually and used for energy
All this without impacting the shelf-life of a Cash Passport card!
Compostable payment cards are coming
Mastercard’s putting the pedal to the metal and accelerating its efforts to remove first-use PVC plastics from payment cards. From 1 January 2028, all newly produced Cash Passport and Mastercard payment cards will use even more sustainable materials. This is a first for any payment network!
Mastercard’s new card materials go through a rigorous third-party auditor and certification program, including checks for compostability, reduced energy consumption, and waste. Plus, the benchmarks will shift annually for continued environmental impact reductions.
How to spot an eco-friendly card
With most consumers wanting support as they make conscious sustainability decisions for their homes and the planet, it’s no surprise that Mastercard is making it easy to spot when a card supports that goal.
See that little green logo on the back of the card, bottom right? That‘s the Card Eco Certification mark to identify a card made more sustainably, be it recyclable, bio-sourced, chlorine-free, or using degradable or ocean plastics.
With every swipe or tap of a card, the badge serves as a reminder towards personal and broader sustainability goals.
Supporting better choices
That’s not all the great green choices that Mastercard has made! They created the Priceless Planet Coalition in 2020, uniting merchants, banks, cities, and consumers to restore 100 million trees!
As part of the coalition, they launched the handy Mastercard carbon calculator tool, assisting consumers in making more environmentally informed spending decisions.
Checking out the carbon footprint of a purchase may seem scary if you’ve recently found yourself binge online shopping on a Sunday night (whoops). Mastercard know, however, from a survey of 24 countries people want to make better choices, and they welcome the tools to support them.
Discover more
To learn more about Mastercard’s sustainability goals, head here.
To register your clients for a Cash Passport, call 1800 085 537 or email agentsupport@mastercard.com.
Keen to learn industry secrets on selling more Cash Passport? Check out top tips here, here, and here.
This article is brought to you by:
Mastercard Prepaid Management Services Australia Pty Ltd (ABN 47 145 452 044, AFSL 386 837) arranges for the issue of the Cash Passport™ Platinum Mastercard® (“Cash Passport”) in conjunction with the issuer, EML Payment Solutions Limited (“EML”) (ABN 30 131 436 532, AFSL 404131).