Marqeta announced a new initiative today to offer its customers the choice to issue physical cards made from recycled plastic.
What’s happening: Marqeta works with brands like Uber, Instacart, and DoorDash to issue cards to employees, partners, and customers. Many of those cards are virtual, but Marqeta still issues physical cards. Now, the firm’s customers can choose to order physical cards made from 43 percent recycled material.
In context: This new product is part of a focus on plastic neutrality for Marqeta. The company also entered into a partnership with rePurpose Global to reduce its plastic footprint. Marqeta has committed to work with rePurpose Global to remove 380,000 pounds of nature-bound plastic from the environment in 2021 and channel it towards sustainable reuse.
rePurpose Global believes its work with Marqeta will offset the creation of roughly 34 million cards.
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