Contactless smart card shipments for ID, transportation and payment will double by 2014, hitting the one billion mark and will account for 23% of payment cards, according to UK-based IMS Research.
Issuers rolled out nearly 540 million contactless cards or documents in 2008, about 55% of them from governments distributing ID cards and passports, said IMS.
Its recent report, Smart Cards & Smart Card ICs – 2010 edition, said China accounted for many of the national ID cards, which carry simple contactless memory chips. Another 31%, or 165 million, were contactless transit cards to collect fares. Banks or other payment service providers issued the rest, according to the firm.