EMVCo Reports Nearly 13 Billion EMV Chip Cards In Global Circulation

EMV Chip card adoption continues to grow globally, with 12.8 billion cards in circulation by the end of 2022, a 7% increase from the previous year.

At the end of 2022, there were 12.8 billion EMV Chip cards in circulation worldwide, reflecting a 7% growth over the past year.
69% of all issued cards are EMV-enabled, showcasing the widespread adoption of this technology.
93% of card-present transactions globally utilized EMV Chip technology, emphasizing its dominance in secure payments.
Joy Huang, EMVCo Executive Committee Chair, highlights EMV Chip’s reliability and trustworthiness for both contact and contactless payments.
EMVCo collaborates with various stakeholders, such as merchants, issuers, acquirers, and technology providers, to evolve EMV Specifications for next-gen payments.
EMV Chip technology is expanding beyond traditional payment scenarios to address emerging sectors like mass transit, automotive, and IoT.
EMVCo is committed to enhancing security and convenience in remote payments through the evolution of EMV 3-D Secure, EMV Secure Remote Commerce, and EMV Payment Tokenisation Specifications.