EMV® Chip technology has been adopted worldwide to improve face-to-face transaction security, reduce counterfeit cards and limit fraud. Check out this infographic for the latest EMV® Chip adoption statistics.
EMV® Chip technology offers benefits to merchants, acquirers, card issuers and consumers by improving face-to-face transaction security, reducing counterfeit cards and limiting fraud. Now, there are more than 9 billion EMV® Chip payment cards worldwide.
View the EMVCo infographic for the latest EMV® Chip adoption statistics. Key data includes:
- The number of EMV® Chip payment cards in circulation globally
- The percentage of issued cards that are EMV®
- The percentage of card-present transactions conducted using EMV® Chip technology
- The breakdown of EMV® Chip card adoption rates and percentage of EMV® card-present transactions by region
- The worldwide distribution of industry stakeholders that make up the EMVCo Associates Programme
EMVCo supports the adoption of EMV® Chip technology with specifications that define the protocol for communication between an EMV® payment device (e.g. a card, smartphone or wearable embedded with a secure chip) and a chip reader in the acceptance terminal (either contact or contactless), which enables a transaction. EMVCo assesses the compliance of vendor products developed to EMV® Chip Specifications and approves products that pass testing prior to deployment in the field. Learn more about the EMV® Chip Specifications and supporting testing programme.
For more information on how EMV® Specifications enable card-based payment products to work together seamlessly and securely worldwide, view the Role of EMV® Specifications primer.