Mastercard and Doconomy Launch the Future of Sustainable Payments
February 25 2019 - 8:56AM
Business Wire
New collaboration focuses on fighting climate
change and enables users to track, understand and take
accountability of their carbon footprint
Doconomy and Mastercard announce their joint effort to combat
climate change by enabling DO – a free and easy-to-use mobile
banking service that lets users track, understand and reduce their
CO2 footprints through carbon offsetting. The launch of DO sets a
new standard for purpose-driven payment services and is a major
step in Mastercard’s commitment to drive innovation for a
sustainable future.
By implementing DO Mastercard and Doconomy lets users’ values
guide their everyday consumption towards more sustainable choices.
DO also enables carbon offsetting via UN certified projects. As
part of the service DO offers a possibility to invest in funds with
a positive impact on people and the planet. This way the solution
gives the consumer insights into the environmental effects of their
consumptions, paired with tools for creating change by making
sustainable choices.
“Together with Doconomy we can engage consumers, retailers and
businesses in the fight against climate change. This collaboration
is an important part of our focus on sustainability, and this
innovative solution offers people a simple way to take
responsibility for their carbon footprint, based on what they
consume,” commented Mark Barnett, Divisional President of
Mastercard UK, Ireland, Nordic and Baltics.
In addition to offering users to make their consumption more
sustainable, customers can also apply for the physical,
climate-friendly and biodegradable DO Mastercard payment card. The
card, which is printed with recycled pollution (Air-Ink) and with
no magnetic strip is the first of its kind in the world. The DO
card is the most tangible payment service effort on the global SDG
12 scene.
”Via Mastercard’s global network Doconomy can reach and leverage
the power of consumers all over the world and direct capital
towards sustainable initiatives. For us, there is no partner better
suited than Mastercard, given their sense of purpose and leading
technical expertise,” says Nathalie Green, CEO at Doconomy.
DO has attracted attention from some of the world’s most
prominent actors. The United Nation’s UNFCCC-secretariat wants to
explore a collaboration with Doconomy and Mastercard to promote
climate action and awareness among citizens and organizations
globally.
“DO represents a new and interesting way of bringing climate
action directly to the consumer, which is one of our strategic
objectives in our work on Global Climate Action,” says Niclas
Svenningsen, Manager, Global Climate Action at UNFCCC.
The DO app will become available during April. To join the
movement and read more about how we fight climate change through
consumption you can visit: https://doconomy.com
About Mastercard at MWC:
Mastercard will have a stand, located at Hall5 Stand5 D61, at
MWC Barcelona with a number of key execs available for media
interviews – for more information please visit our Digital Press
Kit or look at @MastercardNews throughout 25th – 28th February
2019.
About Doconomy
Doconomy AB was founded in 2018 and is both a fintech startup as
well as a philosophy about how we as humans can use our money as a
tool for positive change for the climate. Doconomy's vision is to
enable a sustainable lifestyle for everyone by providing simple
mobile banking services that can change behavior, manage savings
and reward a development towards sustainable consumption. Doconomy
uses the Åland Index developed by Ålandsbanken to track the impact
of every transaction. Follow us on Twitter @doconomy
About Mastercard
Mastercard (NYSE:MA), www.mastercard.com, is a
technology company in the global payments industry. Our global
payments processing network connects consumers, financial
institutions, merchants, governments and businesses in more than
210 countries and territories. Mastercard products and
solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more
secure and more efficient for everyone. Follow us on
Twitter @MastercardNews, join the discussion on
the Beyond the Transaction
Blog and subscribe for the latest news on
the Engagement Bureau.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190225005590/en/
For more information:Nathalie Green, CEO, Mobile: +46 70
606 93 05, nathalie.green@doconomy.com
Annika Kristersson, Director of Communications Nordics &
Baltics, Mastercard, +46 703173545.
Annika.Kristersson@mastercard.com
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