US market hits 1 billion EMV chip cards milestone behind Asia

spike

US card issuers have surpassed the 1 billion EMV chip cards mark to take second place in total EMV cards deployed, behind the global leader, Asia Pacific.

Now the shift to EMV and chip-card transactions is almost complete, with 1 billion EMV cards in circulation in the US at the end of 2019 and close to 10 billion globally, according to EMVCo.

EMVCo, the governing body that manages EMV card interoperability, released itsĀ December 31, 2019 statistics which revealed that the US had 1.074 billion EMV chip-enabled credit, debit and prepaid cards deployed compared to 1.04 billion for Western Europe,

Read More