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Satchel and BC Rytas Join HOLD.EARTH Initiative

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Satchel and BC Rytas Join HOLD.EARTH Initiative

Satchel and BC Rytas Join HOLD.EARTH Tree-Planting Initiative

Vilnius, Lithuania – April 25, 2024 – Satchel, a leading European digital banking provider, has teamed up with the Vilnius Rytas basketball club to champion environmental sustainability through the tree-planting initiative. This eco-conscious event took place on April 25, 2024, in Onuskis, a town situated near the Lithuanian capital.

While plastic payment cards continue to be a core product in Satchel’s offering, the company remains mindful of the ecological footprint associated with their usage and actively promotes the transition to virtual cards. In the meantime, Satchel is dedicated to supporting initiatives that foster environmental preservation and sustainability.

Reflecting on the company’s commitment to corporate social responsibility, Sergiy Barybin, CEO of Satchel, said: “I believe that social responsibility is a crucial part of today’s business culture. A company that neglects social projects lacks identity and fails to provide value to its clients. We are deeply committed to investing in environmental preservation, as well as sports and charitable initiatives that are at the core of Satchel’s mission to build a better future.”

Jaroslav Latušinskij, Director of BC Vilnius Rytas, commented: “We warmly embraced Satchel’s proposition to take part in the event and rallied all team members to inspire and advocate for environmental conservation by personal example.” 

“Surprisingly, it turned out that planting trees is much easier than playing basketball,” joked Margiris Normantas, team captain of BC Vilnius Rytas. “We have one planet and it is our responsibility to protect it,” he added.

The collaborative efforts of Satchel and BC Vilnius Rytas underscore a shared commitment to environmental stewardship and community engagement. Through initiatives like the tree-planting project, both entities aim to make a tangible impact on the environment while inspiring others to join in the collective effort towards a greener, more sustainable future.

About Satchel

Established in 2018, is one of the fastest-growing European EMIs based in Lithuania. Satchel offers secure, user-friendly financial tools for digital banking, including international money transfers, fintech consulting, BaaS, SaaS, currency exchange, and card services. Satchel is the first Lithuanian EMI to achieve principal membership status with Mastercard Europe for card issuance.

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