CarbonPay Ltd, a trailblazing fintech innovator, proudly announces the launch of SecOre

Home / News

CarbonPay Ltd, a trailblazing fintech innovator, proudly announces the launch of SecOre, a revolutionary prepaid payment card designed to meet the scrap metal industry’s need for secure, non-cash transactions following legislative shifts like the Scrap Metal Dealers Act 2013.

Partnering with EMR, the UK’s largest metal recycling giant, CarbonPay has introduced SecOre – a Mastercard supported card that blends top-tier security with a clever nod to the industry’s roots, its name evoking “secure” and “iron ore.” The SecOre card addresses a critical gap left by the ban on cash payments in the scrap metal trade, offering a reloadable, Mastercard-backed solution that ensures instant, safe payouts. Sellers dropping off materials at EMR sites can now request funds loaded onto their SecOre card at the weighbridge, accessing their money before they even leave the yard.

Accepted anywhere Mastercard is, the card supports chip-and-pin, contactless, online payments, and ATM withdrawals, with a low fee for loading funds and no ATM withdrawal charges. SecOre is the number one payment option for the global scrap metal market, outstripping other alternatives with lower fees, costs and ease of use. A user-friendly mobile app lets users check balances, view transactions, and manage accounts on the go. “SecOre isn’t just a payment tool—it’s a lifeline for an industry adapting to new rules,” said Rory Spurway, CEO and Founder at CarbonPay Ltd. “By teaming up with EMR, we’ve created the most secure, seamless way to get paid, keeping the focus on recycling, not red tape.” EMR, with over 70 years in the game and 65+ UK yards, brings unmatched scale to the partnership, ensuring SecOre’s reach spans the nation’s scrap metal network.

The card’s launch marks a milestone in sustainable fintech, aligning CarbonPay’s mission to simplify payments with EMR’s commitment to responsible recycling. Businesses and individuals can set up a SecOre card with an EMR account and valid ID, making it the fastest way to turn scrap into spendable funds. As the industry evolves, SecOre stands as a testament to innovation—secure, practical, and rooted in the metal trade’s legacy.

For more details, visit CarbonPay Recycle, SecOre or EMR