About Smart Cards : Introduction : Market Information
Smart Card Market Information
- Eurosmart reported that 9.6 billion devices incorporating smart card technology will ship globally in 2016 – 3% growth over 2015.
- Eurosmart has forecast that over 10 billion devices will ship in 2017 – 4% growth over 2015.
See all Eurosmart market figures.
EMV Credit and Debit Chip Card Issuance
Financial institutions in Europe, Latin America, Asia/Pacific, Canada and the United States are issuing contact or dual-interface EMV chip cards for credit and debit payment (commonly referred to as “chip and PIN”) or migrating to EMV issuance. EMVCo publishes global statistics on EMV issuance and acceptance. EMVCo reported that over 4.0 billion EMV cards were in circulation globally at the end of 2015. EMVCo also reports the status of “chip-on-chip” transactions; 42.4% of all card-present transactions undertaken globally between June 2015 and June 2016 used EMV chip technology.
See all EMVCo figures.
The U.S. is now migrating to EMV chip cards.
The U.S. Payments Forum is the cross-industry organization focused to address issues that require broad cooperation and coordination across many constituents in the payments space in order to successfully introduce secure EMV contact and contactless technology in the United States. As of the end of 2016, the Forum estimates that over 600 million EMV chip cards have been issued in the U.S., with 1.7 million merchant locations accepting EMV chip transactions.
The Forum has published a variety of resources to assist payments industry stakeholders with EMV migration; resources are available on the EMV Connection web site.