25 June 2017
download the report now

42% of global transactions now EMV-compliant - EMVCo

14 December 2016  |  5276 views  |  0 Source: EMVCo

Technical body EMVCo today publishes transaction data that reflects year-on-year growth in the number of contact and contactless card-present payments using EMV® chip technology.

The data reveals that during the period July 2015 to June 2016, 42.4% of transactions globally were EMV-compliant, compared to 33.0% for the previous 12-month period.

To qualify as an EMV transaction, both the card and terminal used must be EMV-enabled. The data reflects average transaction volumes over a 12-month period to take into consideration seasonal variations. EMVCo notes that real-time figures for transaction volumes today are likely to be higher than the July 2015 to June 2016 reporting period given the ongoing adoption of this payment technology.

“The progress of EMV chip technology worldwide promotes the implementation of an interoperable payments framework, supporting an advancing range of payment methods, technologies and acceptance environments,” stated Soumya Chakrabarty, EMVCo Executive Committee Chair. “In addition to increasing global usage, the most recent data shows rapid adoption of EMV technology in regions that have recently implemented EMV chip infrastructures, such as the United States and China. With this continued migration, EMVCo expects these figures to increase in the coming year, which could mean that global EMV transaction volumes would exceed half of all card-present payments.”

Regional data shows:
• Africa and the Middle East, EMV transactions account for 89.9% for all card-present transactions (up from 83.8% in 2014-2015).
• Asia, EMV transactions account for 57.9% of all card-present transactions (up from 33.6% in 2014-2015).
• Canada, Latin America and the Caribbean, EMV transactions account for 88.8% of all card-present transactions (up from 87.0% in 2014-2015).
• Europe Zone 1, EMV transactions account for 97.6% of all card-present transactions (up from 97.0% in 2014-2015).
• Europe Zone 2, EMV transactions account for 75.0% of all card-present transactions (up from 65.4% in 2014-2015).

The number of EMV transactions in the United States has continued to accelerate throughout 2016.  

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit wavestone-advisors.co.ukvisit www.events.sap.com

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
9559 views comments | 4 tweets | 5 linkedin
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
9151 views comments | 18 tweets | 27 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
8707 views comments | 3 tweets | 4 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
8182 views comments | 8 tweets | 25 linkedin
What Banks and their customers can expect for the futureWhat Banks and their customers can expect...
7137 views comments | 7 tweets | 10 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job