Plastic Bank Social Plastic Credits & EPR Platform

Plastic Bank was founded in 2013 and is headquartered in Vancouver, Canada. It pays people in low-income coastal communities to collect plastic, and lets brands and individuals fund that collection with verified, traceable impact. Collection communities operate in Indonesia, the Philippines, Thailand, Brazil and Egypt.

The company describes itself as a SaaS-driven social fintech. Collectors bring plastic to local branches, where it is weighed and paid for in tokens through the Plastic Bank app; every exchange is logged on a hybrid blockchain anchored to a PostgreSQL database, and AI flags irregular collection patterns. Each plastic credit equals one kilogram of verified plastic. Businesses use small business and enterprise accounts, an impact hub for reporting, and in the Philippines a DENR-approved EPR compliance service.

• Plastic Bank app: collectors exchange plastic for tokens that can be spent on goods or cashed out.
• Hybrid blockchain: every transaction is cryptographically anchored while the app works in low-data areas.
• AI fraud detection: scans collection behaviour, transactions and access logs for irregular patterns.
• Business SaaS accounts: certificates, logo licence, profile page and shareable impact content.
• Impact Hub Enterprise: traceable sustainability reporting, employee engagement tools and audit-ready exports.
• EPR Philippines service: calculate, offset, verify and report packaging recovery with DENR-recognised offsets.

Vietnamese consumer goods brands with operations in the Philippines or Indonesia can use the EPR service to meet local recovery targets. Exporters can buy traceable plastic credits to back plastic-neutral claims on packaging. Hotel groups and event organisers can fund collection per guest or per event as part of ESG programmes.

Brands get blockchain-traceable plastic credits with certificates and audit-ready reporting that support plastic-neutral claims. In the Philippines, obliged companies can meet EPR recovery targets through a DENR-approved PRO with more than 260 collection branches and 22,000 trained collection members. Pricing is transparent, starting at 1 US dollar per kg for businesses. Funding also raises income for collectors.

Southeast Asian countries are introducing packaging EPR: the Philippines requires obliged enterprises to recover 80% of their plastic packaging footprint by 2028, and Vietnam has applied EPR to packaging since 2024. Brands need verifiable recovery data, and informal waste collectors need fair income, which drives demand for traceable plastic credit platforms.

Founded in 2013 by David Katz (CEO) and Shaun Frankson (CTO), headquartered in Vancouver, Canada. The company reports 10.5 billion bottles exchanged, 81,325 collectors and 210.6 million kg of plastic collected since 2013, including 347 branches in Indonesia. In the Philippines it is a DENR-approved PRO with more than 260 collection branches.