3.2 billion smart payment cards and modules shipped in 2023 by SPA
Led and organized by the SPA, utilizing data collected from its own members and participants of the SPA Market Monitoring Advisory Council, this annual analysis of worldwide smart payment card and module shipments reveals a total shipment volume of 3.2 billion units were delivered in 2023 – up from 2.6 billion units shipped in 2022.
The rise in shipments can be attributed to several factors. In addition to welcoming new members into the SPA, 2023 saw a few existing members extend their market perimeters. This expansion of SPA coverage resulted in the capture of incremental shipment figures for the 2023 review.
In parallel with these changes, disruptions, caused by the global silicon chip shortage, reduced throughout the year. As a result, SPA members were able to meet the increased demand caused by the need to replenish inventory levels, as well as the demand from 2022 that was postponed to 2023.
Reflecting growing consumer demand for eco-friendly payment cards alongside new corporate ESG mandates from governments, 2023 saw issuing banks in regions around the word accelerate their rollout of sustainable card issuance strategies designed to reduce plastic waste and carbon emissions.
Last year global eco-friendly card shipments represented 21% of worldwide total SPA card shipments. This strong share increase (+7 percentage points compared to 14% in 2022 figures), highlights the pace and scale at which banks are transitioning away from first-use PVC as a payment card material.
50% of these eco-friendly card shipments were for the European market, demonstrating the leadership of this region in the transition, while 40% were delivered to the Americas.
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