Maya has begun rolling out prepaid payment cards made from recycled polyvinyl chloride (rPVC), with plans to transition all newly produced prepaid cards to recycled materials by the end of the year.
The initiative is part of the company’s broader sustainability strategy, reducing the use of virgin plastic while maintaining the same payment security, durability, and functionality that customers expect.
Sustainable Materials for Everyday Payments
The transition covers Maya-issued prepaid Mastercard and Visa cards, which can be used for ATM withdrawals and purchases at more than 150 million merchant locations worldwide where the two payment networks are accepted.
Newly produced cards will carry a “Made from 100% Recycled Plastic” mark on the back, making it easy for customers to identify the new cards without changing how they use them.
“The most meaningful sustainability efforts are often the ones that become part of how a business operates,” said Shailesh Baidwan, group president of Maya and co-founder of Maya Bank. “By transitioning our card portfolio to recycled plastic, we’re integrating more responsible practices into products used by our customers every day. It reflects our belief that sustainability should be embedded into how we build and grow our business.”
Part of a Broader Sustainability Strategy
According to Maya, the card transition complements its wider sustainability initiatives, which include financial inclusion, responsible innovation, customer trust, employee well-being, and environmental stewardship.
Announced during Philippine Environment Month, the initiative also builds on the company’s efforts to monitor and reduce its Scope 1 and Scope 2 greenhouse gas emissions since 2022.
Maya said the move also supports #MayaSWITCH, an employee-led program that encourages energy conservation and reduces single-use plastics in the workplace.
As the company continues to expand its digital financial ecosystem, it said sustainability will remain part of its long-term approach to innovation and growth.