Monday, 29 June 2020 09:09

Onlyone first French fintech to launch eco-friendly credit card

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Illustration of what the credit card will look like. Illustration of what the credit card will look like. Courtesy Treezor

Augmented identity provider IDEMIA and French banking-as-a-service firm Treezor plan to launch what they claim is the first eco-friendly credit card by a fintech in France.

The company which will launch the card in September is Onlyone. The card is claimed to have more than 85% of recycled PVC, the highest concentration of any card on the market.

In a statement, IDEMIA said it was able to offer Treezor a low-natural-resource-consuming card without compromising at all on security or end-user convenience.

"We strive to adopt green practices throughout our operations by going paperless and developing digital and eco-friendly bank card solutions," said Amanda Gourbault, executive vice-president for financial institutions activities at IDEMIA

"Bank cards are manufactured from industrial waste-based recycled PVC in line with circular economy principles, which seek to cut waste of natural resources and minimise industrial waste."

"IDEMIA also obtained 'Environmental Claim Validation Summary' certification from its recycled PVC supplier UL Environment."

Kamel Nait Outaleb, co-founder and chief executive of Onlyone, said: "We are grateful Treezor and IDEMIA gave us this amazing opportunity to be the first fintech in France to offer an eco-responsible card.

"With this new card, we are laying the first brick in supporting our customers towards a low-carbon lifestyle."

Treezor co-founder and chief executive Eric Lassus said: "We are proud that Onlyone will issue this very first card that embraces our and Onlyone's values and meets today's consumer expectations.

"We are thrilled to have a chance to contribute to #Tech4Good who share what we are trying to achieve."


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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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