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Banking - General Knowledge Questions
Which Payments Bank has become the 1st Indian bank to launch an eco-friendly debit card?
A)
Jio Payments Bank
B)
Fino Payments Bank
C)
Paytm Payments Bank
D)
Airtel Payments Bank

Correct Answer :   Airtel Payments Bank

Airtel Payments Bank has become the 1st Indian bank to launch an eco-friendly debit card for its new and existing customers with a savings bank account.

The debit cards will come in r-PVC material, a certified eco-friendly material. Every batch of 50,000 cards produced, will lead to a substantial reduction of 350 kgs of carbon emissions compared to the conventional PVC cards commonly used in the market.

Moreover, the r-PVC cards' production will result in a 43% decrease of hydrocarbon usage, effectively reducing petroleum consumption during manufacturing.


Different card types :

Airtel Payments Bank is launching two cards in the Classic variant – the Personalised Classic Card and the Insta Classic Card. Customers can request the Personalised Card through the Airtel Thanks app, while the Insta Card will be accessible at specific neighborhood banking points by the end of the current quarter. Both cards offer rewards, including e-commerce benefits of up to Rs 10,000, and complimentary One Dines experiences in major cities across India.

Speaking about the launch, Ganesh Ananthanarayanan, chief operating officer of Airtel Payments Bank said, “We are delighted to introduce our new eco-friendly Debit Cards, made using recycled PVC. Airtel Payments Bank believes in responsible consumption and production for a sustainable future. These cards demonstrate our support for sustainability and commitment to offer safe and convenient banking experience. Our aim is to provide India with accessible and inclusive banking by driving positive change in the financial industry and offering our customers a seamless and secure payment experience.”.

Source : Times of India

Published On : August 11, 2023
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