. Contactless cards represent 45% of all smart payment cards shipped
. Europe leads adoption rates with 83% of cards featuring contactless functionality
. Dynamic Data Authentication (DDA2) technology is now present on 80% of cards
Smart Payment Association (SPA), the trade body of the smart payments industry, publishes its 2018 annual top smart payment card shipments. Data from SPA members shows the continued year-on-year growth of smart card shipments across global markets.
While demand remained constant in the mature European market, it continued to grow in the United States where 68% of US storefronts now are accepting chip cards (according to Visa).
. In India, the December 2018 deadline to convert all existing debit and credit cards to chip and PIN accounted for the strong growth in EMV shipments through 2018. This pattern was repeated across the Asian Pacific region – most notably in Indonesia.
. In Russia and CIS, after a growth pick in 2017 due to MIR cards being pushed by the Government, 2018 saw a decrease in shipments.
Increasing consumer demand for faster and more flexible ways to pay was reflected in the growing shipment volume of contactless cards. Europe led the charge in 2018, with 83% of shipments featuring contactless functionality. Across global markets, the figure stood at 45% with all regions and sub-regions showing growth in contactless card shipments.
With consumer and retail confidence key to adoption, the presence of Dynamic Data Authentication (DDA) technology on 80% of smart payment cards globally is an important milestone – having grown from 36% in 2014.
The figures also reveal smart payment cards based on open operating systems reached 80% of total market share in 2018.
“With the success of recent migration programs in the United States and India, focus is shifting to Middle East and across Asia Pacific, where increasing demands for security and convenience is driving growth in both contact and contactless shipments.” comments Andreas Strobel, President, SPA.
Notes:
Participating in the process are SPA Members: G+D Mobile Security, Gemalto – A Thales Company and Idemia; SPA Associate Member, Austria Card and SPA Market Monitoring Advisory Council Members: CPI Card Group, Linxens, NXP and ST Microelectronics.
The Smart Payment Association (SPA) addresses the challenges of the evolving payment ecosystem, offering leadership and expert guidance to help its members and their customers realise the opportunities of smart, secure and personalised payment systems and services both now and for the future.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
