DBS Taiwan Partners Thales to bring bio-sourced payment cards to Asia

  • Thales will reissue over two million cards to DBS Taiwan to support the bank’s largest credit card renewal operation following its merger with Citibank.
  • Out of these, more than one million sustainable credit and debit cards are made from Polylactic Acid (PLA), a bio-sourced, more eco-friendly alternative to traditional plastic, making DBS Taiwan the largest issuer of PLA cards in Asia.

In 2020, supported by Thales, DBS Taiwan issued Asia’s first bio-sourced credit card in their aim to promote customer awareness and use of environmentally friendly payment products. Fast forward to 2024, and Thales is now helping DBS Taiwan become the largest issuer of sustainable payment cards in Asia.

Through this project, Thales is helping DBS Taiwan revamp its Eco Card as well as supporting the re-issuance of over 2 million cards following DBS Taiwan’s acquisition of Citi’s consumer banking business in Taiwan. Working within a tight timeline set by Taiwan’s financial authorities, Thales is helping produce up to 30 card body artworks to support DBS Taiwan’s ambition to become the largest and most environmentally friendly international commercial bank in Taiwan. More than a million of these cards are crafted from bio-sourced Polylactic Acid (PLA), aligning with DBS’ ambitions to prioritise more eco-friendly products. The remaining selection showcases DBS commitment to innovation with Thales’ range of premium metal cards and LED Artlight cards.

Derived from renewable resources such as non-edible corn, the Thales Bio-sourced PLA card is one of the most eco-friendly products in the market. The card is the world’s first UL Environmental Claim Validation (ECV)* certified eco-friendly payment card, and its bio-based component has been lab tested and accredited by worldwide science safety leader UL. Thales is a worldwide leader in modern and responsible payment solutions; the PLA cards are part of a comprehensive eco-friendly product portfolio, with over 50 million PLA cards already delivered globally.

In addition, there is a forecast of 235 tons of carbon offset from the cooperation with Thales Carbon-Neutral Program. DBS Taiwan has also embedded the concept of green consumption into card value proposition such as rebate in low-carbon transportation, and cooperated with DBS Foundation to encourage cardholders to enjoy a more sustainable life with the goods and services through championing social entrepreneurship.

“Thales is honoured to collaborate with DBS Taiwan in their initiatives to offer environmentally and socially impactful solutions to its customers and to be Asia’s sustainable payment solutions leader. As a global pioneer in advanced technology, Thales is also at the forefront of modern card issuance, with an extensive range of solutions that includes cards produced from bio-sourced PLA, ocean-recycled plastic, recycled PVC, and even sustainable wood. We look forward to deepening our partnership with DBS as we build towards a safer, greener and more inclusive future for all.” Nassir GHROUS, Vice President, Thales Banking and Payment Services, Asia Pacific, Middle East and Africa.

About Thales

Thales is a global leader in advanced technologies within three domains: Defence & Security, Aeronautics & Space, and Digital Identity & Security. It develops products and solutions that help make the world safer, greener and more inclusive.

The Group Invests close to €4 billion a year in Research & Development, particularly in key areas such as quantum technologies, Edge computing, 6G and cybersecurity.

Thales has 77,000 employees in 68 countries. In 2022, the Group generated sales of €17.6 billion.

 

Shopping Cart

Media Kit

    Data Protection

    Personal Data (“Data”) submitted for Media Kit (“Media Kit”), and/or collected in the form of first name, last name, email address and other contact details may be used for the purposes of inviting you to future events and for reaching out to you with content which may be of interest to you. For these purposes, The Digital Banker will share the Data with our associate companies (including event and content sponsors) to promote their products and services. You will also be automatically subscribed as a user on www.thedigitalbanker.com. If you would like to opt-out, email us at [email protected].

    By clicking Submit, you acknowledge that you consent/ have sufficient informed consent to the collection, use and disclosure of Data as set out above.

    The Digital Banker Summit

    Moving on from FTX: is 2023 the year of CBDCs?

    Indonesia, Jakarta

    Thailand, Bangkok

    Philippines, Manila

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

        Data Protection

        The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

        Registration Form

          Data Protection

          The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

          Registration Form

            Data Protection

            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

            Registration Form

              Data Protection

              The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

              Registration Form

                Data Protection

                The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                Registration Form

                  Data Protection

                  The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                  The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

                  COVID-19
                  Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

                  Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

                  The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

                  Request Nomination Pack

                  Error: Contact form not found.