Plastic Free

Communities go plastic-free, cashless with Plastic Bank, PayMaya – manilastandard.net

Global social enterprise Plastic Bank® has tapped digital financial services leader PayMaya to build more sustainable communities in the Philippines with cashless technology. 

Communities go plastic-free, cashless with Plastic Bank, PayMaya
Through Plastic Bank’s recycling ecosystem program, residents of partner communities can exchange plastic waste for rewards that they will receive through their PayMaya accounts.

Through Plastic Bank’s recycling ecosystem program, residents of partner communities can exchange plastic waste for rewards that they will receive through their PayMaya accounts. They can then use the incentives they receive in their PayMaya wallet for everyday transactions such as sending money, buying prepaid reloadable cards, paying bills, scanning to pay purchases via QR, and online purchases, among others. The cashless project will initially be implemented at select Plastic Bank partner communities including Payatas in Quezon City, Barangay 105 in Manila, and Barangay San Felipe and Barangay Cararayan in Naga City.  “As we provide a viable solution to the plastic waste problems in the Philippines, this initiative with PayMaya strengthens our recycling infrastructure for the benefit of our community collectors. PayMaya allows us to disburse plastic tokens in a safer and more convenient way. At the same time, we are empowering our partner communities with digital financial services,” said Gidget Velez, Global Director for Country Development at Plastic Bank. Since expansion to the Philippines in 2017, Plastic Bank has been able to establish and grow over 60 collection branches in 8 major cities of Metro Manila. Plastic Bank utilizes a proprietary blockchain platform that secures
Source…