Rising Usage of EMV Pay Technology
EMV chip technology is becoming the global standard for credit card and debit card payments. EMV is one of the recent developments to combat fraud and protect sensitive payment data in the card-present environment. According to our report, "Smart Card Market Outlook 2018", various financial institutions like American express, Standard Chattered etc. in many countries has started migrating from magnetic stripe cards to EMV chip technology, hence providing a new direction to the overall smartcard market.
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