Taiwan's DBS Bank partners with Thales to introduce biosourced payment cards to Asia


Financial institution DBS Taiwan has announced a partnership with Thales to introduce biosourced payment cards to Asia.

Following this announcement, Thales will issue more than 2 million credit cards to DBS Bank Taiwan for credit card renewal after the merger with Citibank.

Furthermore, the collaboration aims to meet the needs, preferences and needs of clients and customers in the ever-changing market while maintaining compliance with regulatory requirements and laws of the local industry.

Financial institution DBS Taiwan has announced a partnership with Thales to introduce biosourced payment cards to Asia.

DBS Bank Taiwan is Asia's leading issuer of PLA cards, a biosourced and more environmentally friendly alternative to traditional plastic. Starting in 2020, with the support of Thales, DBS Taiwan issued Asia’s first biosource credit card.

In addition, after acquiring Citi's consumer banking business in Taiwan, Thales is now helping DBS Bank Taiwan improve its eco-friendly cards and support the reissuance of more than 2 million cards.

According to an official press release, more than one million of these cards are made from environmentally friendly, biosourced polylactic acid (PLA), in line with DBS Bank’s goal of sustainable products. The Thales Biosource PLA card is derived from renewable resources such as inedible corn, making it one of the most environmentally friendly payment cards. This is also the world's first environmentally friendly payment card to receive UL Environmental Statement Verification (ECV)* certification, and is recognized by UL, the global leader in science and safety.

In addition, DBS Taiwan has integrated the concept of green consumption into its credit card value proposition. This includes providing rebates for low-carbon transportation and working with the DBS Bank Foundation to support social entrepreneurship through the purchase of goods and services to encourage cardholders to embrace a more sustainable lifestyle.

More information about Thales

Thales is a global company focused on advanced technologies in defense and security, aerospace and digital identity and security. The company is also focused on areas such as quantum technology, edge computing, 6G and cybersecurity.



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