Chip shortage could hit debit and credit cards supply, industry body says
The Hindu
The widely reported bottlenecks in chip supply have become so critical that payment card manufacturers face increasing difficulties in obtaining chips needed to produce cards.
The global semiconductor shortage could impact supply of debit and credit cards, disrupting worldwide, industry body Smart Payment Association (SPA) said in a statement. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Payment cards have accelerated the use of online payments worldwide with up to 60% online transactions taking place directly or indirectly through these cards, according to the industry body. Nearly 90% of non-cash consumer payments are made using credit or debit cards.
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