The Environmental Cost of Spending: Polymer vs Paper Banknotes

1st August 2019

With concerns growing over the ecological impact of plastic, Paper vs. Polymer delves into the data to find out how the new banknotes measure up to their paper predecessors.

The Bank of England introduced polymer banknotes to replace existing paper currency back in 2016, citing polymer’s durability, recyclability and increased security as primary reasons for the switch. But with concerns growing over the ecological impact of plastic, you may find yourself wondering whether mass-produced polymer is really better for the environment than paper. Check out Paper vs. Polymer to find out how the new banknotes measure up to their paper predecessors...

While there are clear anti-counterfeit benefits to switching from paper banknotes to polymer, there will always be those who prefer older payment methods. Whether you’re an advocate for polymer banknotes or not, we know that there are times when you may experience a financial shortfall and could be considering taking out a loan.

There are a lot of factors you need to consider before applying for a loan, as they’re not designed to rectify a long-term problem and can be subject to costly insurance rates. If you’re looking for a flexible payday loan, or a short-term loan contact our experienced team today.

Paper vs Polymer bank notes environmental impact infographic

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