A long-term partnership between WLTH and Parley will drive eco-innovation in the lending and payment industry to fight plastic pollution in Australia
In a first-of-its-kind partnership, we enter a five-year collaboration with digital lending and payment provider WLTH 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.
Together we’ll develop and deliver an eco-innovative suite of products and services to a new generation of banking customers who are driven by authentic, impactful commitments to environmental responsibility, offering simple ways for WLTH customers to aid in the protection of Australia’s treasured reefs and coastlines from the threats of plastic pollution.
"To end plastic pollution and the environmental crises behind it, we need to align our economic system with the ecosystem we all depend on: the oceans. Everyone has the power to demand change and take action to help create it, but it's on industry leaders to own the responsibility of bringing new and better options into reality. The keys are collaboration and eco-innovation. This Convego® Parley Ocean Card and the alliance behind it represent the future we have the opportunity to create, and the role leaders of financial technology can play in shaping it.”
— Cyrill Gutsch, CEO and Founder, Parley for the Oceans
"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 honor to be one of the first fintech doing so, but it’s also a goal we’ve been aspiring to achieve since the planning phase of building WLTH."
— Drew Haupt, Co-Founder of WLTH
At the end of the year, WLTH will introduce the Convego® Parley Ocean Card developed with Giesecke+Devrient (G+D). Made of Parley Ocean Plastic®, created from intercepted and upcycled marine plastic waste, the payment card will empower cardholders with an everyday tool to take action for the oceans.
The partnership with WLTH gives us a new platform to scale our global mission to intercept plastic from beaches and coastlines, while simultaneously supporting education initiatives that raise awareness in communities throughout Australia. Together, WLTH and Parley 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.
Out of the gate, WLTH will contribute proceeds to our Global Cleanup Network 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 throughout the year to raise awareness for the beauty and fragility of the oceans.
WLTH’s commitment to support our initiatives 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.
“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.”
— Dr Carsten Wengel, Global Head of Sales and Distribution at G+D
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