18 October 2017

Mastercard records 65 per cent growth in Asia Pacific smart cards

30 August 2002  |  4999 views  |  0 Mastercard Corp

MasterCard claims to have issued 2.2 million branded smart cards in Asia Pacific in the first half of this year, a 65 per cent increase within six months.

To date, Mastercard has issued 6 million smart cards in the region, 4 million of which are EMV (Europay-MasterCard-Visa) compliant, the global standard covering smart credit and debit cards.

Jeff Portelli, senior vice president, product delivery group in Asia Pacific MasterCard says: "We see solid prospects for this year where many of our member financial institutions in the region will begin to reap the benefits of moving to chip."

MasterCard is also taking steps to ensure that banks are up to speed with the latest standards and has conducted its first EMV training session in Malaysia.

Shuan Ghaidan, vice president of advanced payment systems, Asia Pacific MasterCard comments: "Through the training sessions, we will advise members on how to plan their migration, create a consumer proposition for moving to chip, choose the right applications and partner with the right people."

The workshop detailed MasterCard's OneSmart solution which provides member financial institutions with technology choices and marketing support.

Ninety members from the region including Singapore, Thailand and Indonesia participated in the training.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Pulse and MasterCard to launch debit loyalty scheme

Pulse and MasterCard to launch debit loyalty scheme

20 August 2002  |  4377 views  |  0 comments
Logica joins Visa's Asia Pacific EMV programme

Logica joins Visa's Asia Pacific EMV programme

13 August 2002  |  3648 views  |  0 comments
MasterCard signs WorldPay for Ucaf authentication

MasterCard signs WorldPay for Ucaf authentication

07 August 2002  |  9012 views  |  0 comments
JCB issues over three million EMV smart cards

JCB issues over three million EMV smart cards

07 August 2002  |  3726 views  |  0 comments
DaimlerChrysler Bank issues EMV chip card

DaimlerChrysler Bank issues EMV chip card

31 July 2002  |  5491 views  |  0 comments
Diebold gears up for European EMV compliance

Diebold gears up for European EMV compliance

30 July 2002  |  3719 views  |  0 comments
MasterCard urges RBA to heed European Commission ruling on card fees

MasterCard urges RBA to heed European Commission ruling on card fees

29 July 2002  |  5061 views  |  0 comments
Brief: MasterCard and Diners Club in Cirrus ATM pact

Brief: MasterCard and Diners Club in Cirrus ATM pact

15 July 2002  |  4141 views  |  0 comments
MasterCard introduces payroll card

MasterCard introduces payroll card

15 July 2002  |  4067 views  |  0 comments
MasterCard completes Europay merger

MasterCard completes Europay merger

01 July 2002  |  6171 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.capgemini.comvisit www.vasco.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15186 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8385 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7897 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7336 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6493 views comments | 8 tweets | 16 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job