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US Payment Card Market 2019 – Adroit Market Research

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The United States payment card market volume is estimated to reach 4,133.7 million units by 2025. As a result of customer convenience, improvement in security, standardization and better financial services the demand for payment cards is expected to
Adroit Market Research
US Payment Card Market
Size By Type (Contact, Contactless and Dual Interface),
and Forecast 2018 to 2025
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Adroit Market Research
US Payment Card Market Size And Forecast, 2015-2025
• The United States payment card market volume is estimated to reach 4,133.7 million units by 2025. As a result of
customer convenience, improvement in security, standardization and better financial services the demand for payment
cards is expected to grow in the coming years. Financial cards such as Europay, MasterCard and Visa (EMV) that provides
pin as a verification step have helped in reducing the number of counterfeit frauds in the U.S. The agreements and
partnership between industry players and government are also driving the market further by implementing standardized
products and strengthening the security for transactions.
• The major players in the United States payment card industry are entering into partnership and launching new products to
sustain in the market. Additionally, some of the companies are developing powered payment cards that focus on
increasing the security layer. For instance, In April 2017, Valid U.S.A, a subsidiary of Valid S.A. announced opening 225,000
square-foot facility in Bolingbrook. The facility aims to produce smart payment cards for credit and debit card user along
with other business verticals such as retail, transportation, government and banks.
• EMV cards come in contact based, contactless and dual interface also and offer customer benefits such as convenience
and customization. To reduce the number of frauds the U.S. has slowly and steadily started to move to EMV cards.
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US Payment Card Market Size And Forecast, 2015-2025
• The regulatory authorities such as International Electrotechnical Commission (IEC) and the International Organization for
Standardization (ISO) set some guidelines and standard requirements for the use of payment cards which are to be
followed by card manufacturers across the globe so that the cards can be used anywhere across the world. Such
standardization further moves and anchors the change in payment cards market. It is also projected to facilitate the
growth of EMV cards in the U.S. during the forecast period.
• The contact-based segment dominated the United States payment card market by contributing USD 735.1 million in the
year 2017. This trend is expected to continue in the coming years as majority of the United States citizens prefer contact
based credit and debit cards for transactions. However, penetration of contactless payment card is witnessing a strong
growth during the forecast period due to higher speed of transaction and ease of use.
• The U.S. payment card industry is consolidated with majorly established players. The companies are focusing on
launching new and innovative products by collaborating with technology companies. For instance, In July 2018, CPI Card
Group announced collaboration with Commercial Business Systems (CBS) which provides premium software and IT
services. The collaboration aims to streamline the approach to instant issuance through its [email protected] solution which
can instantly issue EMV credit and debit cards on site. The major players in the market include Gemalto, Oberthur
Technologies, Perfect Plastic Printing, Giesecke & Devrient, CPI Card Group, Goldpac Group Ltd, Valid USA, Inc., dz card,
MCT Cards & Technology Pvt. Ltd, and CardLogix Corporation.
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Key Segments of the U.S. Payment Card market
Type Overview, 2015-2025 (USD Million) (Million Units)
• Contact
• Contactless
• Dual Interface
Key players analysed: Gemalto, Oberthur Technologies, Perfect Plastic Printing, Giesecke & Devrient, CPI Card Group,
Goldpac Group Ltd, Valid USA, Inc., dz card, MCT Cards & Technology Pvt. Ltd, CardLogix Corporation
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target audience is a wide range of corporations, manufacturing companies, product/technology
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size, key trends, participants and future outlook of an industry. We intend to become our
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our core, we are curious people who love to identify and understand industry patterns, create
an insightful study around our findings and churn out money-making roadmaps. Our analysts
have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals,
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