Infineon Unveils SECORA™ Pay Green: Revolutionizing Payment Cards with Eco-Friendly, Recyclable Technology

Infineon Unveils SECORA™ Pay Green: Revolutionizing Payment Cards with Eco-Friendly, Recyclable Technology

(IN BRIEF) Infineon Technologies AG has launched SECORA™ Pay Green, the world’s first contactless payment card technology designed to significantly reduce plastic waste and carbon emissions in the payment card industry. This new solution integrates an eco-friendly Coil-on-Module (eCoM) package, allowing for card bodies to be made of up to 100% recyclable materials, such as recycled PVC, rPETG, and even wood or paper. SECORA™ Pay Green also offers a 60% reduction in CO2 emissions associated with raw material sourcing and logistics. Through partnerships with card manufacturers and financial institutions, Infineon is gearing up for mass production, with pilots already in progress. The new technology is expected to revolutionize the industry by making sustainable payment cards a mainstream reality.

(PRESS RELEASE) MUNICH, 16-Oct-2024 — /EuropaWire/ — Infineon Technologies AG has introduced SECORA™ Pay Green, a groundbreaking solution designed to revolutionize the payment card industry by significantly reducing plastic waste and carbon emissions. As the world’s first contactless payment card technology that allows for up to 100% recyclable card bodies, SECORA™ Pay Green offers a sustainable alternative to traditional payment cards. The solution features an innovative Coil-on-Module (eCoM) package, which integrates the security controller and antenna in a way that simplifies recycling and reduces reliance on non-renewable materials like copper wire.

Through strategic partnerships with leading card manufacturers and financial institutions, Infineon is preparing for mass production of these eco-friendly cards, with pilot programs already underway. The new technology enables savings of over 60% in CO2 emissions during material sourcing and logistics, reducing emissions to 27.10 kg CO2e per 1,000 cards compared to 90.08 kg CO2e for conventional cards. By using sustainable materials like recycled PVC, rPETG, and even wood or paper, SECORA™ Pay Green paves the way for financial institutions to meet the rising demand for environmentally conscious banking solutions.

Thomas Rosteck, Division President at Infineon, emphasized the company’s commitment to decarbonization and innovation, stating, “With SECORA Pay Green, we are enabling banks and card issuers to make a positive environmental impact while meeting the growing consumer demand for sustainable products.”

Key industry players, including Mastercard, CPI, and Perfect Plastic Printing, have expressed strong support for the initiative, noting the game-changing potential of this eco-friendly technology in transforming the card manufacturing process and reducing environmental footprints.

This technology provides a seamless plug-and-play solution that can easily integrate into existing production facilities, ensuring rapid adoption of greener payment card options and facilitating a more sustainable future for the financial sector.

For more information on SECORA™ Pay Green, visit: www.infineon.com/secorapaygreen

About Infineon

Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 58,600 employees worldwide and generated revenue of about €16.3 billion in the 2023 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

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Media Contact:

Ulrike Mittereder
Tel: +49 89 234 43951
ulrike.mittereder@infineon.com

SOURCE: Infineon