NBB partners with Mastercard for 100% recycled cards

TDT | Manama                

The Daily Tribune – www.newsofbahrain.com  

The National Bank of Bahrain (NBB) has recently announced its shift to 100% recycled plastic cards in partnership with Mastercard. This long-term initiative is part of the bank’s ongoing efforts to embed environmental sustainability within its daily operations.

The initiative will be implemented on all newly procured cards in line with NBB’s commitment to responsible banking. Through the partnership, NBB aims to decrease its annual production of plastic after studies revealed that around 6 billion payment cards are produced annually and replaced every 3 to 5 years, resulting in an increase in harmful landfill waste across the world.

Subah Abdullatif Al Zayani, Chief Executive Retail Banking at NBB, said: “We have put the proper technology, processes and products in place to facilitate our shift to green cards as we aim to control our energy consumption, carbon footprint and plastic waste.”

Shadi Barakat, Head of Card Business at NBB, said: “This ongoing initiative is also part of our commitment to spread environmental awareness throughout the industry.” Adam Jones, Country General Manager MENA Central, Mastercard, said: “At Mastercard, we are passionately committed to embedding sustainability in everything we do, and have been for a long time.”

Maria Medvedeva, VP, Country Business Development Lead for Saudi Arabia & Bahrain, Mastercard said: “We know our customers are looking for ways to effect positive change in the world. Our technology, expertise and approach to partnership is advancing our mission to build a more inclusive and sustainable digital economy, where both people and the planet can thrive.”