EMVCo: 2.37 billion EMV payment cards in circulation
EMVCo released figures that demonstrate continued adoption of EMV chip technology: with 2.37 billion EMV payment cards in circulation and 36.9 million EMV terminals active worldwide.
The latest figures, which reflect data from Q4/2013, are the first to be released by EMVCo since welcoming Discover and UnionPay as new member-owners in 2013 (cf. Smart Insights Weekly #13-38), and are based on a compilation of data submitted by each member financial institution. The figures currently exclude the US, which is in the process of migrating its payment infrastructure to EMV chip technology (cf. SIW #14-08).
EMVCo last released data in Q4/2012, which showcased 1.62 billion EMV cards in circulation and 23.8 million terminals active worldwide. EMVCo said in 2014, it is able to recognize data from new members as well as growth from existing members. Consequently, there are an additional 750 million cards and 13.1 million terminals deployed.