India’s 1st Eco-Friendly Debit Card launched by India’s first Payments Bank Airtel Payments Bank. On the noteworthy date of August 8, 2023, Airtel Payment Bank achieved a significant milestone by becoming the pioneer among Indian banks to introduce an eco-friendly debit card. This remarkable feat is aligned with the bank’s unwavering commitment to sustainability and its dedicated efforts to champion environmentally conscious practices within the financial sector.
Embracing Eco-Friendly Practices
Airtel Payment Bank’s innovative debit cards are meticulously crafted from recycled Poly-Vinyl Chloride (r-PVC) material, a certified environmentally friendly substance.
This forward-thinking decision is in stark contrast to the conventional PVC cards that are widely prevalent.
The bank’s bold introduction of these eco-friendly debit cards aligns harmoniously with its mission to not only provide financial services but also to contribute positively to the environment.
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Positive Environmental Impact
The introduction of r-PVC debit cards yields several compelling benefits for the environment and our planet:
Carbon Emission Reduction
With every production batch consisting of 50,000 cards, a substantial reduction of 350 kilograms of carbon emissions is achieved compared to the customary PVC cards prevalent in the market. This commendable step signifies Airtel Payment Bank’s dedication to minimizing its carbon footprint.
Hydrocarbon Consumption Reduction
The manufacturing of r-PVC cards translates to an impressive 43% decrease in hydrocarbon consumption.
This reduction plays a pivotal role in curtailing the utilization of petroleum during the manufacturing process, thereby contributing to resource conservation.
Water Conservation
Each batch of r-PVC cards directly contributes to the conservation of a staggering 6.6 million liters of water, an indispensable resource for our planet’s sustainability.
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Eco-Friendly Debit Card Variants
Under the Classic variant, Airtel Payment Bank presents two distinct debit card options to cater to diverse customer preferences:
Personalised Classic Card
Accessible through the Airtel Thanks mobile application, this option allows customers to enjoy a personalized touch to their banking experience.
Insta Classic Card
This variant can be conveniently availed at selected neighborhood banking points, further enhancing accessibility for customers. The availability of this option by the end of the ongoing quarter underscores the bank’s commitment to customer convenience.
Additional Benefits for Cardholders
Beyond its eco-friendly nature, Airtel Payment Bank’s debit cards offer compelling rewards and e-commerce benefits of up to INR 10,000.
Moreover, cardholders can relish complimentary One Dines experiences in major cities across India, enhancing their overall banking journey.
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Conclusion: Innovative, Sustainable, and Customer-Centric
Airtel Payment Bank’s launch of India’s inaugural eco-friendly debit card stands as a testament to the bank’s pioneering spirit in merging innovation, sustainability, and customer-centricity. As the banking landscape continues to evolve, Airtel Payment Bank leads by example, demonstrating that responsible practices can coexist seamlessly with modern financial services.
About Airtel Payment Bank
- MD & Chief Executive Officer: Anubrata Biswas [As of 2023, 31 August]
- Founded: 23 November 2016
- Headquarters: New Delhi, Delhi
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