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(From Electronic Payments International)
The smart card markets of North and Latin America are expected to grow rapidly over the next few years, driven in part by the migration to EMV chip cards, according to a report by consultants Frost & Sullivan which was produced with industry body the Smart Card Alliance.
Some 132.2 million smart cards are expected to be shipped in North America (Canada and the US) in 2005 and compound annual growth of over 27 percent is expected through 2010. With the planned EMV migration in Canada and the growth of contactless …