Show your support by donating any amount. (Note: We are still technically a for-profit company, so your
contribution is not tax-deductible.)
PayPal Acct: 
Feedback: 
Donate to VoyForums (PayPal):
| [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4, [5], 6, 7, 8 ] |
| Subject: Demand for smartcards--Asia September 02 | |
|
Author: Smart cards on the surge in AsiaKaren |
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
Date Posted: 09:19:00 01/26/03 Sun january11 (ID#: 400450) Demand for smartcards--Asia September 02 20/10/02 4:29:17 PM 5634080 « Prev Msg Thread Next Msg Thread » http://australianit.news.com.au/articles/0,7204,5108374^15321^^nbv^15306,00.html ------------------------------------------------------------ Smart cards on the surge in AsiaKaren Dearne SEPTEMBER 17, 2002 ------------------------------------------------------------ SMART cards are making greater headway in the Asia-Pacific region than in Europe and the United States, a Datamonitor report suggests. ------------------------------------------------------------ Singapore and Hong Kong are the main hotspots, with Japan close behind.Datamonitor forecasts shipment of more than 1.4 billion smart cards in the Asia-Pacific region by 2005, mostly for large-scale projects now being deployed. ------------------------------------------------------------ "The market for smart cards is still developing and, to be honest, the cards are not yet that smart," it says. ------------------------------------------------------------ "Europe has seen a large number of deployments, but the US market has been slower owing to the online authorisation of credit cards and slower uptake of mobile phones with SIM cards." ------------------------------------------------------------ In Asia, smart cards are taking off rapidly as public sector deployments, such as transport, spill over into vertical markets. ------------------------------------------------------------ "This approach is unique, as deployment is not isolated to one or two markets and therefore grows organically," Datamonitor says. ------------------------------------------------------------ "As Hong Kong and Singapore prove, however, the market for new, high-value, multi-application cards relies on partnerships, interoperability and impetus from banks." ------------------------------------------------------------ Datamonitor predicts the number of smart cards in Australia will grow from 103 million this year to 185 million in 2005. ------------------------------------------------------------ Meanwhile, Forrester Research says 60 per cent of North American online shoppers have heard of smart cards, but less than 10 per cent actually have one in their wallets. ------------------------------------------------------------ "Apart from price and implementation issues, smart card issuers need to find the right mix of chip applications to get consumers on board," Forrester analyst Catherine Graeber says. ------------------------------------------------------------ She points to a chicken-and-egg problem: issuers are reluctant to commit until the cost of chip cards comes down; merchants won't install card readers until they see consumer demand; and consumers don't yet see any compelling reason to switch. ------------------------------------------------------------ « Prev Msg Thread Next Msg Thread » This message has been viewed 27 times Report a BullBoards Violation Ignore january11 Post Non-Threaded View [ Next Thread | Previous Thread | Next Message | Previous Message ] |