Cartes Secure Connexions

Market info

Smart Cards

The smart card market seems set for continued dramatic growth with migrations to EMV in the United States and Latin America. ABI forecasts total shipments of 2.8 billion smart payment card units in 2017, more than an eight-fold increase from 330 million in 2011.
 
The U.S now looks certain to migrate, following mandates in liability shift from Visa, MasterCard, Amex, and Discover in support of the adoption of EMV. To date, approximately 19 financial institutions in the U.S. have committed to EMV migration.
 
"Together Brazil, Mexico, and Argentina account for the largest proportion of payment cards within the Latin American region," said ABI Practice Director John Devlin. "With migration to EMV and a growing banking population, combined shipments are forecast to increase from 180 million in 2011 to 315 million in 2017. Increased activity in the region this year has resulted in other surrounding countries following suit and adopting EMV. The regional business pipeline looks good with Venezuela, Costa Rica, and Chile all beginning migration in 2012."
 
Source: “Payment and Banking Cards & Contactless Technologies”, ABI Research

Mobile Payment

US mobile payments will reach US$ 90 billion (EUR 67.5 billion) in 2017, a 48% compound annual growth rate (CAGR) from the US$ 12.8 billion (EUR 9.6 billion) spent in 2012 according to Forrester new report titled “US Mobile Payments Forecast, 2013 to 2017”.
 
Mobile proximity payments are currently the smallest category within mobile payments, but Forrester expects it to be the fastest growing.
 
Proximity payments will reach US$ 41 billion (EUR 30.7 billion), making up nearly half of all mobile payments in 2017. Lower barriers to adoption, increased convenience, and early entrants striving for scale will be important drivers of growth.
 
Mobile remote payments, or mCommerce, are currently 90% of the mobile payments category and will continue to grow. mCommerce offers a better alternative to shoppers in certain contexts. The growth of mobile proximity payments, mobile remittances, and mobile remote payments hinges on this reality as each must deliver a better, more convenient option to consumers than the next best payment alternative for a given purchase at a given time.
 
Source: “US Mobile Payments Forecast, 2013 To 2017”, Forrester

Transport

In the US, card companies and banks have introduced test markets for contactless cards in a few areas, like New York City, Atlanta and Denver, and card companies report that millions of cards with contactless capabilities have been issued.

 
In the fall of 2011, New Jersey Transit (NJT) became one of the first transit authorities in the US to accept Google Wallet and other forms of contactless payment at certain bus stations, which expanded to the Port Authority in 2012.
 
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