How Will COVID-19 Impact the Payment Cards Market?

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By Phil Sealy | 2Q 2020 | IN-5821

 

How Big Will the COVID-19 Impact Be?

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Along with COVID-19 itself, questions and uncertainty continue related to its potential impacts on key smart card and secure Integrated Circuit (IC) markets, including payments, SIM, and government ID.

Undoubtedly, COVID-19 will have an impact on all smart card markets, although each one will be impacted very differently, with some end markets such as SIM cards heavily pinned and reliant on other end markets such as smartphones, whereas other markets  such as payments and government ID are not reliant upon other devices.

This ABI Insight will focus on the payment cards market and provide some initial forecast expectations inclusive of the COVID-19 impact, driven by recent interactions with industry and ecosystem players to help provide some light on what to expect within the market in 2020.

Impact on Payment Card Issuance and Contactless Demand

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