Thales Partners With DBS Taiwan To Bring Bio-Sourced Payment Cards To Asia

DBS Taiwan has partnered with Thales to bring over two million cards to its customers, including more than one million sustainable credit and debit cards made from Polylactic Acid (PLA), a bio-sourced, eco-friendly alternative to traditional plastic. This makes DBS Taiwan the largest issuer of PLA cards in Asia.

The partnership supports DBS Taiwan’s largest credit card renewal operation following its merger with Citibank. 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.

Derived from renewable resources such as non-edible corn, the Thales Bio-sourced PLA card is one of the most eco-friendly products on 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 UL, the world leader in science safety.

Nassir GhrousThales DBS Taiwan

Nassir Ghrous

“Thales is honoured to collaborate with DBS Taiwan in its 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 include 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,”

said Nassir Ghrous, Vice President, of Thales Banking and Payment Services, Asia Pacific, Middle East and Africa.

Featured image credit: Edited from Freepik

RECENT NEWS

South Korea Unveils Digital Asset Basic Act For Stablecoin Issuance

South Korea’s newly elected President Lee Jae-myung is pushing forward with plans to allow stablecoin issuance by loc... Read more

Octopus Taps Wonder As Its Omnichannel Payment Partner Across Hong Kong

Wonder, a payment and fintech platform, has announced its partnership as the purported first omnichannel payment facili... Read more

China And UAE Ink Deal To Boost Cross-Border Payment Cooperation

China’s Cross-Border Interbank Payment System (CIPS) and the Central Bank of the United Arab Emirates (CBUAE) have si... Read more

Hong Kong Approves Banking Amendment To Boost Data Sharing In 2025

The Government welcomed the Legislative Council’s June 4 passage of the Banking (Amendment) Bill 2025, aimed at impro... Read more

Citigroup Lays Off 3,500 In China As Part Of Global Overhaul

Citigroup is cutting 3,500 tech jobs in mainland China to streamline operations and cut costs. The Citigroup China layo... Read more

Hong Kong Expands Crypto Market With Derivative Trading For Investors

Hong Kong’s Securities and Futures Commission (SFC) will soon introduce virtual asset derivatives trading for profess... Read more