RailsBank, Toqio and Mastercard have partnered with the fintech platform HealRWorld to deliver a corporate debit card that rewards sustainable businesses and promotes their commitment to the UN Sustainable Development Goals (SDGs).
As part of HealRWorld’s new ‘Together We Can’ campaign, announced at COP26, the corporate debit card is powered by sustainability data held by the fintech platform on small and medium enterprises (SMEs) of the whole world. SMEs already committed to ESG standards are on average three times more creditworthy than their peers, according to a study conducted by HealRWorld and Dun & Bradstreet.
The group will also launch a card for consumers, which can be used to make purchases within the HealRWorld Global Sustainable Business Community platform, and will integrate a carbon calculator that provides basic information on the carbon footprint of purchases to the company. ‘Merchant Category Codes (MCC) data help.
Nigel Verdon, CEO and Co-Founder of Railsbank, said: “This is a great initiative from HealRWorld and so fitting that such a map was launched at COP26. We need this kind of vision and foresight if we are to deal with the problems facing our planet. We are proud to work alongside Mastercard and Toqio on this project. ”
Railsbank provides HealRWorld with payment tools for SMEs to link debit card and payment account to Mastercard’s ‘Priceless Planets’ proposition, while Toqio’s white-label digital finance SaaS platform will power the card of debt.
Similar to the offers available on Bunq and Tred’s green cards, users can offset carbon emissions on the consumption of goods purchased with the debit card, and allow users to give back to the planet by helping to plant a tree each and every. purchase .
“We want to enable people to buy knowing that they are taking a constructive step towards achieving the UN Sustainable Development Goals and making the world a better place for our environment and our people,” said Michele Bongiovanni, founder and CEO of HealRWorld.
Mike Galvin, CCO and Co-Founder of Toqio, said: “Toqio’s flexibility will allow for a seamless process of creating this debit card and we are delighted to have partnered with HealRWorld to deliver a proposal with such impact. positive in support of UN sustainable development. development goals. “