2007 Global Payment Smart Cards Market Survey
The Smart Payment Association has announced results of its 2007 global payment cards market survey finding that more than 420 million payment smart cards were delivered by SPA members, a 24% growth year over year (2007 vs. 2006), both dual interface and pure contactless grew 64% year over year, with the fastest growing region being the Americas with a 45% growth year over year.
"The results of the 2007 global payment cards market survey show a clear trend: the move of financial institutions towards innovative and more secure cards," said Christoph Siegelin, president of the Smart Payment Association. "The dramatic acceleration of the switch to more secure Dynamic Data Authentication (DDA) EMV cards and the fast adoption of contactless smart cards for their speed and simplicity in handling low-value payments illustrate this trend."
The detailed figures of the Smart Payment Association 2007 market monitoring are only available to its contributing members.
The Smart Payment Association (SPA) members are Gemalto, Giesecke & Devrient, Oberthur Technologies and Sagem Orga. The Association carries out projects to advance interoperability as well as develop additional smart payment solutions, which would be difficult to achieve without the concentration of such industrial knowledge.
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