China and Adoption of Contactless Boosts Smart/EMV Payment Card Shipments to 1.67 Billion, Up 27% in 2013

04 Aug 2014

EMV/smart payment card volumes reached shipment levels totaling 1.67 billion in 2013, an increase of 27% when compared to 2012. This exceptional growth was primarily driven by the “China effect” as it continues to migrate to its PBOC standard. Additional growth will come from EMV migration in the United States and increased contactless adoption in Europe. Moving forward ABI Research expects a doubling of worldwide shipments, with 3.3 billion forecast in 2019.

In 2013, 442 million smart payment cards with the PBOC specification shipped into China. Of that total, 56% were contactless, with the remainder primarily made up of contact-based payment/social security cards. If we discount China, worldwide YoY growth would have been just 8.5% between 2012 and 2013, which highlights the effect this single country is having on the overall worldwide picture.

With exceptional growth last year, many might expect the market to settle down; however, this is not the case. Ample opportunity still resides, and EMV migration projects on the horizon will add further growth to the smart payment cards market right through to 2019. Vendors such as NXP, Infineon, STMicroelectronics, Gemalto, Morpho, Oberthur Technologies, and G&D will be looking ahead to the next wave of opportunities to maintain individual growth momentum. In fact, double-digit YoY growth is forecast through to 2017 and these vendors will want to position themselves and anticipate those regions which will provide the greatest returns.

Senior analyst Phil Sealy comments, “Migration in the United States has been long anticipated. It has arguably been a slow road to realization, but EMV card issuance is now likely to begin in 2H 2014, off the back of tenders and orders placed in 1H 2014. With over 1 billion payment cards in circulation the ‘China effect’ could well be replicated within the United States. Moving forward Indonesia will likely provide another growth trigger and other large countries such as India will add further growth with current expectations that it will begin large scale migration in 2016.”

These findings are part of ABI Research’s Payment and Banking Cards & Contactless Technologies Market Research which comprises of data points across all major regions and 28 individual countries with smart/EMV and mag-stripe data splits across ATM only, credit, debit and open loop pre-paid cards.

ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 70+ research and advisory services. Est. 1990. For more information visit, or call +1.516.624.2500.

About ABI Research

ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.

ABI Research 是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit

Contact ABI Research

Media Contacts

Americas: +1.516.624.2542
Europe: +44.(0).203.326.0142
Asia: +65 6950.5670

Related Service