Finance Breaking news Ecosia invests in wooden debit card startup last financial news

Breaking-Finance.Com - Forget your flash metal debit cards, eco-friendly search engine Ecosia has invested £1 million in TreeCard, a wooden payment card that channels profits from merchant surcharges into reforestation programmes.

Finance Breaking news Ecosia invests in wooden debit card startup last financial news

Breaking-Finance.Com - Forget your flash metal debit cards, eco-friendly search engine Ecosia has invested £1 million in TreeCard, a wooden payment card that channels profits from merchant surcharges into reforestation programmes.

Finance Breaking news Ecosia invests in wooden debit card startup last financial news
16 October 2020 - 09:45

Breaking-Finance.Com - Forget your flash metal debit cards, eco-friendly search engine Ecosia has invested £1 million in TreeCard, a wooden payment card that channels profits from merchant surcharges into reforestation programmes. TreeCard comes with an app that lets users track spending, split bills with friends and monitor how many trees have been planted as a result of user spending. Operating over the Mastercard network, TreeCard acts as a fully featured debit account, able to receive direct deposits, with support for chip and PIN, contactless transactions and mobile payments. TreeCard co-founder Jamie Cox says: "We’re looking to get at least 100,000 people on board.

. TreeCard will be launching in the US and a number of EU markets over the next twelve months, but so much depends on the interest and sign-ups we get from Ecosia’s users around the world."Ecosia, which uses profits generated from search advertising to plant trees, says the fees generated from TreeCard will go towards reforestation projects in 38 locations worldwide.Every $60 spent using the card equates to a new tree, with 80% of TreeCard profits funnelled into deforestation projects.Ecosia has set up a waiting list and expects to begin shipping the first cards in December.

Source = Breaking-Finance.Com

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Finance Breaking news Ecosia invests in wooden debit card startup last financial news


Finance Breaking news Ecosia invests in wooden debit card startup last financial news


Finance Breaking news Ecosia invests in wooden debit card startup last financial news


Finance Breaking news Ecosia invests in wooden debit card startup last financial news

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