Credit cards with an EMV chip are now used by
over a billion people worldwide, official statistics confirm.
Regional figures released by EMVCo, which sets
EMV standards and technical specification across the world, show a
36 percent global increase in card usage, with 578.5 million cards
in Europe alone.
Go deeper with GlobalData
The data also confirms the EMV standard as the
leading payments system worldwide, with figures for card usage
Western Europe topping 65 per cent, while 15.4 million terminals
are in use worldwide.
With 9.9 million terminals, Europe also has
the highest deployment rate of EMV technology (73 percent).
The U.S was excluded from the data as there
are no chip and pin devices with the EMV system in circulation.
“Breaking down the one billion deployment
figure by region enables us to clearly see the significant growth
of EMV card and terminal adoption and the continued acceptance of
EMV as the global payment standard worldwide,” said Jim Lee, Chair
of EMVCo.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataEMVCo was formed in 1999 by Europay,
MasterCard and Visa to facilitate the spread of EMV usage and
ensure interoperability of cards and acceptance devices across the
world. Japan Credit Buraeu (JCB) and American Express joined the
system in 2004 and 2009 respectively.
