By Tom Phillips[1] • • Updated • nfcw.com[2]
Customers of Swiss bank UBS[3] can now opt for an environmentally friendly credit card made from a corn-based plastic substitute — and will soon be able to apply for a digital-only card that they can start using immediately upon acceptance.
UBS’s contactless-enabled Optimus Foundation Credit Card Eco is made from PLA, an 80% biodegradable material made from renewable animal feed corn, and is part of the bank’s drive to make sustainability “standard at UBS — not only for investment and financial products, but also for means of payment”.
The bank is also donating 0.75% of the annual spend made with the sustainable card to its Optimus Foundation charity.
UBS’s new, digital-only credit card will be available from the start of 2021, the bank says. Cardholders will be able to “register a digital version of their credit card with UBS Twint, Mobile Pay, Apple Pay, Samsung Pay or Google Pay or use it in the online store”.
Next: Visit the NFCW Expo to find new suppliers and access free resources[4]
