EMV Compliance in Asia

4Q 2016 | IN-4311

According to EMVCO—a consortium consisting of Visa, MasterCard, JCB, American Express, China UnionPay, and Discover—in 2015 the penetration of EMV enabled payment cards in Asia stood at 32.7%, which was the lowest worldwide, when compared in Canada, Latin America and the Caribbean (71.7%), Europe Zone 1 (84.3%), and Africa and the Middle East (61.2%). However, it was notably higher than in the United States (26.4%).

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