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.

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By GlobalData

EMV migration

European EMV compliance assessment
as of Q2 2009

 

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
on the input provided by the Europe