Nearly half of payment cards shipped in 2014 were contactless

Contactless technology was built into more than 42% of smart payment cards shipped in 2014, up from 37% in 2013, the Smart Payment Association has revealed. More than 2.05bn chip payment cards were shipped around the world last year, just three years after global shipments exceeded the one billion mark in 2011. Growth in the Chinese and US markets contributed to the increase, says the association.