More than 93% of card present payments worldwide were made using EMV

Just over 93% of card present transactions worldwide were made using EMV chip-enabled payment cards during 2022, up from 90.44% in 2021 and 88.55% in 2020, according to standards body EMVCo1.

The total number of EMV payment cards in circulation also rose by 7% over the course of 2022, from just under 12bn at the end of 2021 to 12.8bn at the end of 2022, accounting for 69.25% of all cards issued worldwide, up from an average global adoption rate of just over 68% as of December 2021.

EMVCo’s figures also show that the percentage of card present transactions made using EMV chip-enabled cards was highest in Europe Zone 1 (99.68%), followed by Africa and the Middle East (99.35%), Canada, Latin America and the Caribbean (98.22%), Europe Zone 2 (96.22%), the USA (87.19%) and Asia Pacific (84.15%)1. EMV chip card adoption rates were also highest in Africa and the Middle East (92.30%), Europe Zone 1 (90.64%) and Canada, Latin America and the Caribbean (88.91%), followed by Europe Zone 2 (73.10%), the USA (65.02%) and Asia Pacific (64.29%).