Trust Bank and Thales Launch Singapore’s First Ocean Plastic® Card
13 Décembre 2023 - 8:00AM
Business Wire
- Trust Bank Singapore Limited (known as ‘Trust’), is offering
its customers sustainable credit and debit cards made from recycled
ocean plastic.
- Assembled at Thales’ largest Digital Identity and Security
(DIS) Manufacturing Competence Centre in Singapore, the Ocean
Plastic® card is made from a premium material recycled from plastic
bottles collected from coastal communities.
- With each card containing roughly the equivalent of one
reclaimed plastic bottle, Trust supports sustainable innovations in
the banking sector by offering an environmentally-friendly
alternative to traditional plastic cards.
Trust launched on 1 September 2022 as Singapore’s first
digitally native bank. In September 2023, Trust passed its one-year
mark with over 600,000 customers, becoming one of the fastest
growing digital banks in the world. With the goal of minimising its
impact on the environment, Trust is collaborating with Thales to
offer the first Ocean Plastic® payment card in
Singapore to their customers.
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Trust Bank is offering its customers
Thales sustainable credit and debit cards made from recycled ocean
plastic. (Photo: Trust Bank)
Built for a diverse customer base including
environmentally-conscious consumers, the card consists of 70% Ocean
Plastic® from Parley for the Oceans1, making it one of the most
eco-friendly cards available on the market.
Thales’ Ocean Plastic® payment cards are manufactured from PET
(a type of plastic used in products such as single-use bottles)
recovered from coastal areas. Each card contains the equivalent of
approximately one discarded bottle that would otherwise threaten
vulnerable ocean environments.
The cards are manufactured using Thales’ industry-leading
technology at the Digital Identity & Security (DIS)
Manufacturing Competence Centre in Singapore, the largest
multi-module manufacturing facility for the Thales Group worldwide.
The cards are also fully certified by payment schemes, complying
with green manufacturing processes including the ISO 14001 and
50001 certification standards2. Thales’ processes ensure that the
card’s environmental impact is minimised at every stage, from
resource consumption and emissions during manufacturing to waste
and end-of-life disposal.
“With Thales’ sustainable innovations in banking cards, we are
delighted to collaboratively bring to life the first Ocean Plastic®
payment card in Singapore. As a digital bank with a core value of
‘Build to Sustain’, we hope to continue pioneering more sustainable
solutions that reduce our environmental footprint,” said Hasan
Khan, Head of Credit Card & Lending, Trust Bank.
“Thales is proud to support Trust as they provide their
customers a sustainable payment card. Coupled with Thales’
contactless banking technology and cybersecurity, the cards offer a
seamless payment experience to consumers, while helping Trust
contribute towards cleaner oceans. We look forward to further
collaboration with them in the coming years.” Nassir GHROUS,
Vice President, Thales Banking and Payment Services, Asia
Pacific, Middle East and Africa.
----
1 ‘Parley for the Oceans’ is the global network where creators,
thinkers and leaders come together to raise awareness for the
beauty and fragility of the oceans and collaborate on projects that
can end their destruction. 2 ISO 14001 deals with resource
consumption, waste management and pollution while ISO 50001 is
interested in reducing energy consumption.
About Thales
Thales (Euronext Paris: HO) is a global
leader in advanced technologies, investing in digital and “deep
tech” innovations – connectivity, big data, artificial
intelligence, cybersecurity and quantum technologies – to build a
confident future crucial for the development of our societies. The
Group provides its customers – businesses, organizations and
governments – in the defense, aeronautics, space, transport, and
digital identity and security domains with solutions, services and
products that help them fulfil their critical role, consideration
for the individual being the driving force behind all
decisions.
Thales has 77,000 employees in 68
countries. In 2022, the Group generated sales of €17.6 billion.
About Trust Bank
Trust Bank Singapore Limited (Trust) is
backed by Standard Chartered Bank and the FairPrice Group.
Specifically built and developed for Singapore, Trust aims to bring
a new standard in digital banking to consumers, combining it with
best-in-market rewards on everyday living expenses at FairPrice
Group’s extensive island-wide network.
Trust had an incredible response from its
launch in September 2022 with 100,000 customers signing up in its
first 10 days. Its customer base grew to over 600,000 within a
year, equating to around 12% of the addressable market in Singapore
and making it one of the world’s fastest growing digital banks.
Trust’s shareholders are Standard
Chartered Bank (Singapore) Limited (“SCBSL”) and BetaPlus, a
holding company owned by NTUC Enterprise and FairPrice Group. SCBSL
and BetaPlus respectively hold 60 per cent and 40 per cent of the
issued and paid-up share capital of Trust.
PLEASE VISIT Thales Group Digital
Identity & Security
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version on businesswire.com: https://www.businesswire.com/news/home/20231212186288/en/
PRESS CONTACT Thales, Media Relations Digital
Identity and Security Vanessa Viala +33 (0)6 07 34 00 34
vanessa.viala@thalesgroup.com
Thales, Corporate Communications Asia Jamie CHOW
+65 9369 5343 jamie.chow@thalesgroup.com
Trust Bank, Corporate Affairs media@trustbank.sg
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