Mastercard expands partnership with bunq to build a greener planet
- Payments , P-Cards
- 19.03.2020 09:34 am
Mastercard and bunq announce today the expansion of their partnership to accelerate the growth of bunq’s card offerings in Europe. Mastercard is leveraging its international network, helping to expand the bunq Green Card into 30 European countries1. bunq Green Card, a metal Mastercard, builds a greener planet by planting a tree for every £100 or 100 Euros spent.
The sustainable bunq Green Card was introduced in November 2019. Apart from planting a tree for every £100 / 100 Euros spent, the card itself is produced in an environmentally friendly way, from packaging to production2. To date, the challenger bank has planted over 100,000 trees since the introduction of the initiative four months ago, representing a CO2 reduction of 30.8 million kg, the equivalent of 32,560 flights from Paris to New York.
The Green Card initiative contributes to the recently launched Priceless Planet Coalition, a Mastercard platform to unite corporate sustainability efforts and make meaningful investments to persevere the environment. Together with partners who share a commitment to doing well by doing good, the Priceless Planet Coalition is pledging to plant 100 million trees over five years. Among other banks, bunq is one of the founding partners in this coalition.
Mastercard and bunq’s partnership dates back to 2015, when the challenger bank officially entered the market. Since then, bunq and Mastercard have brought multiple unique card offerings to the public. The partnership recently introduced card offerings including bunq Green Card and bunq Travel Card, which offers travelers the real exchange rate, anywhere in the world.
In Europe alone, Mastercard is the partner of choice for more than 60 digital banks and fintechs, which has doubled in the last two years. The expanded partnership with bunq underlines Mastercard’s strategy of closely working together with fintech partners from their inception.
“We are extremely excited to take our partnership with Mastercard to the next level. Together with our users we have established an easy way for everyone to create a greener world with zero effort. Together we will further expand bunq Green Card throughout Europe,” says bunq founder and CEO Ali Niknam.
“How Europeans bank and make payments is evolving. People want and expect the technology they use to not just be safe and simple, they are increasingly looking to have a positive impact on the world they live in. Mastercard believes that the power of partnership can not only drive innovation but also do good. We have successfully partnered with bunq over the last five years and are proud that this exciting partnership continues to grow; driving ease and speed for people across Europe and delivering positive impact for the environment”, said Javier Perez, President Mastercard Europe.