• Visa Asia-Pacific cards with EMV surpass 63 million

0 Comments
SINGAPORE — Visa Asia Pacific announced three new markets have hit the 1-million mark with their Europay, MasterCard, Visa (EMV) chip-card deployments. EMV is the global standard for chip-based credit and debit transactions, and is the foundation for emerging payments such as contactless and mobile solutions.
 
In December , Australia, Hong Kong and Thailand joined Japan, South Korea, Taiwan and Malaysia in the 1-million chip-card club from Visa's member banks.
  
Australia's EMV chip card base doubled from September 2006 to December 2006 quarters, hitting more than 1.4 million cards; Hong Kong's base of 400,000 chip cards grew to more than 1 million during the same period; and Thailand experienced a 15-fold from 2005 to 2006 to hit 1 million.
 
The results represent a 46 percent year-to-year increase in EMV card deployment in the region that's consistent with annual chip-card growth over the last three years in Asia-Pacific.
 
"We now have more than 63 million EMV chip cards in the Asia-Pacific, representing 19 percent of Visa's card base," said Jack Pan, regional head of chip migration for Visa Asia Pacific. "Combined with the 1.68 million EMV chip terminals deployed, Visa and its member financial institutions are helping to create a secure and advanced chip payment foundation."

Related Content

Reader Comments

Add a Comment

We welcome your thoughtful comments. All comments will display your real name.

Want to participate in the discussion?

Or log in for complete access.

  • Clear
  • Post
Be the first to post a comment for this story.
Products & Services

Self Service Kiosks

http://global.networldalliance.com/new/images/products/4784.png

4784/Self-Service-Kiosks

Chamber of Commerce Kiosk Solution

http://global.networldalliance.com/new/images/products/3787.png

3787/Chamber-of-Commerce-Kiosk-Solution

DMV KIOSKS

http://global.networldalliance.com/new/images/products/4623.png

4623/DMV-KIOSKS

3DES Upgrade PIN Pad

http://global.networldalliance.com/new/images/products/pinpad1217_220_sm.gif

901/3DES-Upgrade-PIN-Pad

LG M4210LCBA - 42" class (42.0" measured diagonally

http://global.networldalliance.com/new/images/products/4314.png

4314/LG-M4210LCBA-42-class-42-0-measured-diagonally

Kiosk Repair | Diebold Premier Services

http://global.networldalliance.com/new/images/products/Diebold_kiosk.jpg

2516/Kiosk-Repair-Diebold-Premier-Services

Outdoor Encrypting PIN Pad with Display - Cryptera EPP 2100

http://global.networldalliance.com/new/images/products/897.png

897/Outdoor-Encrypting-PIN-Pad-with-Display-Cryptera-EPP-2100

Olea Tokyo Kiosk

http://global.networldalliance.com/new/images/products/4329.png

4329/Olea-Tokyo-Kiosk

Acquire Premier Editor Suite

http://global.networldalliance.com/new/images/products/4067.png

4067/Acquire-Premier-Editor-Suite

CUSTOM's VKP112 - Kiosk Printer

http://global.networldalliance.com/new/images/products/VKP112_100px.jpg

2521/CUSTOM-s-VKP112-Kiosk-Printer

Customer Experience Technology Buyer
Self-Service Future Trends 2011
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.