Brussels-based Eurosmart reported that banking/retail smart cards grew 16% last year worldwide, reaching 175 million units. The industry group predicts that smart cards in this category will grow 17.1% in 2003 to hit 205 million units. Overall, more than 700 million microprocesor-based smart cards were shipped last year, with telecom making up 430 million of the total shipments. Eurosmart also reported that shipments of smart cards containing a memory chip with read/write capability and in some cases hardwired security functions totalled more than 1 billion last year, with 95% used in telecom. Memory cards are not considered smart cards by many. Eurosmart is the main international smart card association, representing the “Voice of the Smart Card Industry” for multi-sector applications. Its members include ASK, Ascom Monetel, Atmel, Cyber-COMM, Datacard, ELVA, Emosyn, FNMT, Fujitsu, Gemplus, Giesecke & Devrient, Hitachi, Incard, Infineon Technology, Ingenico, INSIDE Technologies, Microelectronica Esp., MCO, NEC, Oberthur Card Systems, ORGA, Philips Semiconductors, PPC Card Systems, Rafsec, Sagem, Samsung, SchlumbergerSema, Setec Oy, Sharp, STMicroelectronics, Thales e-Transaction, Wave Systems and Xiring.
Author: Robert McKinleyhttps://rbm4.com
Robert McKinley, with 34 years experience covering payment cards and payment systems, is Senior Analyst for CardFlash. He is the retired founder of RAM Research & CardWeb. McKinley served as an expert witness in 100+ litigations, chaired multiple payments conferences, and hired as consultant by major global financial institutions. Mr. McKinley does not hold investments in any companies discussed herein. Full Bio: www.rbm4.com