(5 November 2021 – Global) RailsBank, Toqio, and Mastercard have partnered with fintech platform HealRWorld, to deliver a corporate debit card that rewards sustainable businesses and promotes their commitment to the UN’s Sustainable Development Goals (SDGs).
Part of HealRWorld’s new ‘Together we can’ campaign, announced during COP26, the corporate debit card is powered by sustainability data held by the fintech platform on small and medium enterprises (SMEs) around the globe.
The group will also release a card targeted at consumers, which can be used for shopping within the HealRWorld Global Sustainable Business Community Platform, and will incorporate a carbon calculator which provides basic information on the carbon footprint of purchases using data from merchant category codes (MCCs).
Railsbank is providing HealRWorld with payment tools for SMEs to link a debit card and payment account to Mastercard’s ‘Priceless Planets’ proposition, while Toqio's white-labelled digital finance SaaS platform will power the debit card.
“We want to empower people to purchase with the knowledge that they are taking a constructive step towards achieving the UN’s sustainable development goals and making the world a better place for our environment and people,” said Michele Bongiovanni, founder, and CEO of HealRWorld.
Mike Galvin, Toqio’s CCO and co-founder, stated: “Toqio’s flexibility will allow for a seamless process in creating this debit card and we are delighted to have partnered with HealRWorld to deliver a proposition with such a positive impact in support of the UN’s sustainable development goals.”