The new sustainable payment machine from Getnet is the first of its kind on the card-acquiring market. It is made from recycled parts of electrical equipment waste
Image: depositphotos.com
Getnet Brazil, a payment technology subsidiary of PagoNxt has launched the first sustainable card machine made from recycled waste electrical equipment. This payment product was delivered in partnership with other players, such as Newland, Paytec and Brasil Reverso.
From now on, all Getnet machines POS 3G will be manufactured from recycled components. Getnet expects to deliver about 150,000 sustainable terminals to 20,000 customers across Brazil before the end of 2023.
When returned to Getnet’s inventory, all rental machines go through a rigorous check by Paytec.?Equipment in poor condition gets disassembled and separated into its component parts. These waste materials are then sent to the machine manufacturer NewLand. The company recycles the waste components to make the parts for a new POS of the same quality and efficiency as original devices.
During the initial phase, Getnet recycled 42% of its devices that would typically go to waste. The next steps will be increasing the amount of recycled parts in the manufacturing process as well as using them in other terminal models. The company is also considering to engage other suppliers in their supply chain in the project.
Besides recycling, Getnet is also constantly practicing reuse of devices. In the third quarter of 2022, the company managed to give second life to more than 235,000 payment machines, which returned to the market in excellent working condition. By rough estimations, this helped avoid the disposal of 10 tonnes of electronic material.
Getnet has been carbon neutral since 2016 and is currently implementing projects to become net zero. The company hopes to encourage the whole payment method sector to achieve more sustainable initiatives for the ecosystem and its customers.
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Nina Bobro
Nina is passionate about financial technologies and environmental issues, reporting on the industry news and the most exciting projects that build their offerings around the intersection of fintech and sustainability.
