WLTH and Parley for the Oceans announce ground-breaking long term partnership to drive eco-innovation into lending and payment industry
Digital lending and payment provider WLTH and Parley for the Oceans, a new form of environmental organisation, announce a five-year partnership to empower customers with an innovative lending solution that offers an everyday way to protect the oceans and support the movement to end marine plastic pollution across Australia.
WLTH is collaborating with Parley for the Oceans to develop and deliver simple mechanics to its customers to aid in the protection of Australia’s treasured reefs and coastlines from the threats of plastic pollution.
Aimed at a new generation of banking customers who are driven by authentic, impactful commitments to environmental responsibility, WLTH and Parley for the Oceans will deliver an eco-innovative suite of products and services over the next five years.
Scheduled for release in Q4 2021, WLTH will introduce the Convego® Parley Ocean card developed with Giesecke+Devrient (G+D). The innovative new payment card, made of Parley Ocean Plastic® created from intercepted and upcycled marine plastic waste, will empower cardholders with an everyday tool to take action for the oceans.
Founder and CEO of Parley for the Oceans, Cyrill Gutsch said, “To end plastic pollution and the environmental crises we face, we need to align our economic system with the ecosystem we all depend on: the oceans. Everyone has the power to create change, but we need to be empowered with the choice to turn awareness into impact. This Convego® Parley Ocean card and partnership with WLTH will contribute to the protection of Australian ecosystems from marine plastic pollution, setting an example for eco-innovation and collaboration we can replicate worldwide. The alliance behind it represents the future we have the opportunity to create, and the unexpected role fintech can play in shaping it.”
The dynamic partnership with WLTH gives Parley for the Oceans a new platform to scale its global mission to intercept plastic from beaches and coastlines while educating communities throughout Australia. Together, WLTH and Parley for the Oceans are re-imagining the future of lending and its social impact, creating a practical solution for customers to actively address today’s major ocean threats.
Co-Founder of WLTH, Drew Haupt commented, “With sustainability in our core DNA, we have partnered with Parley for the Oceans and G+D to launch the first recycled ocean plastic cards in Australia. Not only is it an honour to be one of the first fintechs doing so, but it’s also a goal we’ve been aspiring to achieve since the planning phase of building WLTH.”
“As a business, we want to make a difference to the environment and the world around us, and through this partnership, we will be fighting against the growing threat of marine plastic pollution, as well as protecting the oceans and waterways, that are such a huge part of the Australian lifestyle.”
Out of the gate, WLTH will contribute proceeds to Parley for the Oceans with every new user who activates a WLTH Pay account. WLTH will include additional mechanics such as round-up features, plastic off-setting options, and will host events and customer expeditions with Parley for the Oceans throughout the year to raise awareness for the beauty and fragility of the oceans.
WLTH’s commitment to support Parley for the Oceans includes allocating contributions for every home loan towards Parley for the Oceans’ Australian Clean-up Efforts to support intercepting plastic from beaches and coastlines from around the country.
Global Head of Sales and Distribution at G+D, Dr Carsten Wengel added, “Consumers are looking for new ways to a more sustainable lifestyle. That’s why we offer banks our ecologically eco-innovative payment cards. They remind consumers every day of their own and their bank’s environmental commitment to protecting the planet.”