PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Number of EMV Card-Present Transactions Exceeds 42% Globally

By PaymentsJournal
December 14, 2016
in Press Releases
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
CO-OP financial services

Businessman pressing hand News Release word on virtual screen. Can bring to the medium of your ad.

EMVCo releases transaction volume data for the period July 2015 to June2016

14 December 2016 – Technical body EMVCo todaypublishes transaction data that reflects year-on-year growth in the number ofcontact and contactless card-present payments using EMV® chip technology. Thedata reveals that during the period July 2015 to June 2016, 42.4% oftransactions globally were EMV-compliant, compared to 33.0% for the previous12-month period.

To qualify as an EMVtransaction, both the card and terminal used must be EMV-enabled. The datareflects average transaction volumes over a 12-month period to take intoconsideration seasonal variations. EMVCo notes that real-time figures fortransaction volumes today are likely to be higher than the July 2015 to June2016 reporting period given the ongoing adoption of this payment technology.

“The progress of EMVchip technology worldwide promotes the implementation of an interoperablepayments framework, supporting an advancing range of payment methods,technologies and acceptance environments,” stated Soumya Chakrabarty, EMVCoExecutive Committee Chair. “In addition to increasing global usage, the mostrecent data shows rapid adoption of EMV technology in regions that haverecently implemented EMV chip infrastructures, such as the United States andChina. With this continued migration, EMVCo expects these figures to increasein the coming year, which could mean that global EMV transaction volumes wouldexceed half of all card-present payments.”

Regional data shows:

Africaand the Middle East, EMV transactions account for 89.9% for all card-presenttransactions (up from 83.8% in 2014-2015).

Asia,EMV transactions account for 57.9% of all card-present transactions (up from33.6% in 2014-2015).

Canada,Latin America and the Caribbean, EMV transactions account for 88.8% of allcard-present transactions (up from 87.0% in 2014-2015).

EuropeZone 1, EMV transactions account for 97.6% of all card-present transactions (upfrom 97.0% in 2014-2015).

EuropeZone 2, EMV transactions account for 75.0% of all card-present transactions (upfrom 65.4% in 2014-2015).

The number of EMVtransactions in the United States has continued to accelerate throughout2016.

A full breakdown of thedata is available on the EMVCowebsite.

As EMV technologyadoption continues to gain pace, EMVCo calls on payment industry participantsto become EMVCo Associates so they can actively engage in shaping the futureof the payments landscape. Through EMVCo’s Associates Programme, payment cardissuers, acquirers, merchants, processors, card and terminal vendors, networksand their representative associations, can provide technical and strategicinput into how EMV technology specifications should evolve to meet futuremarket requirements.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    payment api

    Open Banking Has Made Payment APIs a Burgeoning Revenue Stream

    June 12, 2026
    payment card innovation

    Serving a Segment of One: The Race to Stay Top of Wallet

    June 11, 2026
    healthcare payments

    The Healthcare Payments Industry Has a Perception Problem

    June 10, 2026
    continuous KYC

    The Future of KYC Is Layered—and Data-Driven

    June 9, 2026
    tokenized deposits

    As Crypto Challengers Emerge, Banks Turn to Tokenized Deposits

    June 8, 2026
    physical digital debit

    Whether Physical or Digital, Debit Cards Are a Payments Mainstay

    June 5, 2026
    agentic commerce

    Separating Hype from Reality in Emerging Payment Trends

    June 4, 2026
    agentic commerce

    Searching for Trust in Agentic Commerce

    June 3, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result