The easy-to-use, web-based BanQu platform will make the processes in the glass recycling value chain more transparent, efficient and equitable.
Learn more in the money4glass video here.
- BanQu is the technology partner providing the software platform where the transactions will be done. The platform will track and trace all cullet (recycled glass) trades within the company’s supply chain in South Africa.
- kasiCASH is a free cashless payment solution for transactions that take place on BanQu within the money4glass initiative. kasiCASH uses Digital Rand vouchers as a safe and easy way to store money, send money and use money vouchers to pay for goods and services.
- The Glass Recycling Company (TGRC) is the producer responsibility organisation (PRO) for glass packaging in South Africa. On behalf of TGRC, Ardagh Glass Packaging pays a monthly incentive fee to waste pickers who are registered on BanQu, which is then refunded to the company by the TGRC. The TGRC also covers the cost of the transport subsidy paid to Level 1 glass recyclers.