India’s first payment bank, Airtel Payment Bank also became the first Indian bank to launch eco-friendly debit cards for its new and existing customers with savings bank account.
The debit card will be crafted from Poly Vinyl Chloride (R-PVC) material, which is a certified eco-friendly material as against normal PVC cards.
The introduction coincides with the bank’s dedication to sustainability and its drive to advocate for environmentally conscious practices within the financial industry.
Environmental effect
- Each production batch of 50,000 cards will result in a reduction of 350 kg of carbon emissions compared to conventional PVC cards commonly used in the market.
- The production of R-PVC cards will reduce hydrocarbon consumption by 43%, playing a role in preventing petroleum use during the manufacturing process.
- Contributes to the conservation of 6.6 million liters of water with each batch of R-PVC cards.
About New Debit Card
Airtel Payments Bank Debit Card comes in two variants (under Classic variant).
- Personalized Classic Card: Available through Airtel Thanks Mobile Application
- Insta Classic Card: Available at selected neighborhood banking points (by the end of the current quarter).
Note: These cards also offer up to Rs.10,000 in rewards along with e-commerce benefits and free One Dines experience across major cities in India.
Important points for all competitive exams:
- Airtel Payment Bank MD & CEO of: Anubrata Biswas;
- Airtel Payment Bank the headquarters: New Delhi, Delhi;
- Airtel Payment Bank establishment: 2017