With the official launch of bank card chip migration in 2011, financial IC cards are also accelerating. The reporter learned from China UnionPay that as of the end of 2011, financial IC cards have been issued 23 million, and 90% of the nation's POS machines can be used to brush financial ICs. Card, in 2011, the transaction reached nearly 6 billion yuan.
According to statistics, in 2011, about 14 million new cards were issued, a year-on-year increase of more than 1.5 times. A number of national commercial banks including the four state-owned banks, Bank of Communications, and China Merchants Bank have been established in more than 30 provinces and cities nationwide. Introduced a variety of financial IC cards with distinctive features.
It is reported that China UnionPay will actively promote the integration of financial IC cards with social security, public transportation, public services and other industries this year to accelerate the realization of multi-functional applications.
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