A new debit Mastercard was launched recently by the Bank of the Philippine Islands (BPI) which will be available for free for clients who open an account through bank branches and also for existing clients whose existing cards are about to expire or are due for renewal, according to a business news report by GMA Network.
To put things in perspective, posted below is an excerpt from the report of GMA News. Some parts in boldface…
The Bank of the Philippine Islands (BPI) has launched a new debit Mastercard made from 100% recycled PVC-free plastic, as the Ayala-led lender boosts its sustainable banking efforts.
The new card will be available for free for clients who open an account through the bank’s branches and for existing clients with cards nearing expiry or are already due for renewal. Clients who switch to the new card will be charged a P200 replacement fee.
The card—which features a curved notch at the bottom left corner—can be requested through the BPI app or BPI Online, and may be available for pickup at the preferred branch.
“Reimagining the BPI Debit Mastercard to become an eco-friendly card is a testament to BPI’s commitment to its values of sustainability and innovation,” BPI Mass Retail head Jenny Lacerna said in an emailed statement.
“By using sustainable materials for our card, we hope to make sustainable behavior the default option for everyone,” she added.
Let me end this post by asking you readers: What is your reaction to this recent development? What is your observation about the new debit card launched by BPI? If you are an existing BPI account holder, do you intend to request for the new card?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
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