Mastercard launches global plan to recycle credit cards

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Mastercard launches global plan to recycle credit cards
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The pilot project, which will run for an initial six months, will allow customers to recycle any plastic card. Read more at straitstimes.com.

LONDON - Payments company Mastercard on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the billions of cards in circulation across the industry from landfill.

“We are inviting all card issuers around the world to partner with us, no matter what region they are in, and offer card recycling to their customers,” said Mr Ajay Bhalla, president of cyber and intelligence at Mastercard. Financial details about the plan were not disclosed. The pilot project, which will run for an initial six months, will allow customers to recycle any plastic card, including those from rivals.

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