Data from the European Commission and the European
Payments Council show most European card markets are on track to
complete full EMV migration by the end of 2010. However, several
countries will need to accelerate efforts in the months ahead if
SEPA for cards is to become a reality, as Victoria Conroy reports.
Good progress is being made in the realisation of a Single Euro
Payment Area (SEPA) for cards, according to new data from the
EuropeanCommission and the European Payments Council.
The EPC SEPA Cards Framework supports EMV as
the technical norm because of the higher security level it offers
through the use of chip (in combination with a PIN) instead of
magnetic stripe.
As of the second quarter of 2009, the latest
quarter for which full EMV migration data is available, the euro
area as a whole is more than two-thirds of the way to being fully
EMV-compliant.
However, there are several countries, listed
in the table below, which will need to make concerted efforts
between now and the end of 2010 if SEPA for cards is to be fully
implemented.
|
EMV migration |
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|
European EMV compliance assessment |
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|
Debit cards (%) |
Credit cards (%) |
Total cards (%) |
POS (%) |
ATM (%) |
|
|
Austria |
100 |
100 |
100 |
54 |
97.6 |
|
Belgium |
100 |
100 |
100 |
96 |
78.7 |
|
Cyprus |
80 |
80 |
80 |
75 |
65 |
|
Finland |
87.4 |
87.4 |
88.4 |
44.7 |
100 |
|
France |
100 |
100 |
100 |
99.7 |
100 |
|
Germany |
90 |
30 |
77.6 |
5 |
90 |
|
Greece |
13 |
39 |
23.4 |
69 |
94 |
|
Ireland |
99.9 |
100 |
99.9 |
99.9 |
100 |
|
Italy |
34 |
89 |
63.2 |
83 |
75 |
|
Luxembourg |
100 |
100 |
100 |
100 |
99.5 |
|
Malta |
0 |
0 |
0 |
50 |
53 |
|
Netherlands |
69.1 |
93 |
73.8 |
34.5 |
100 |
|
Portugal |
50.2 |
50.2 |
50.2 |
84.9 |
100 |
|
Slovenia |
95.2 |
60.8 |
87.9 |
73.1 |
77 |
|
Slovakia |
30.9 |
7.9 |
24.9 |
91.2 |
100 |
|
Spain |
11.7 |
11.7 |
11.7 |
81.9 |
95.9 |
|
Euro area |
72.3 |
66.9 |
70.1 |
73.3 |
91.8 |
|
Bulgaria |
1.9 |
4.5 |
2.3 |
42.7 |
93.2 |
|
Czech Republic |
86.1 |
66.1 |
83.1 |
99.7 |
99.6 |
|
Denmark |
100 |
55 |
92.1 |
100 |
100 |
|
Estonia |
96.7 |
70.5 |
89.7 |
92.5 |
100 |
|
Hungary |
34 |
17 |
30.9 |
89 |
77 |
|
Latvia |
88.9 |
95.9 |
91.5 |
88.6 |
52.2 |
|
Lithuania |
85 |
54 |
82.1 |
45 |
39 |
|
Poland |
0.05 |
0.1 |
0.1 |
80 |
44 |
|
Romania |
15.5 |
7.9 |
14.6 |
70.5 |
96 |
|
Sweden |
97 |
45 |
86.9 |
33.7 |
100 |
|
United Kingdom |
100 |
100 |
100 |
100 |
100 |
|
Non-euro area |
70.2 |
83.2 |
75.4 |
97.6 |
96.9 |
|
EU 27 |
71.6 |
71.8 |
71.7 |
76.6 |
93.1 |
|
Note: these EMV country figures are based |
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