Next-Generation Cards 2022

Singapore | 16-17 November, 2022

Register

Overview

APSCA will hold the 5th Next-Generation Cards conference and exposition in Singapore on 16-17 November 2022. Since 2017 this event has a proven track record:

  • The world’s first industry event for next-generation cards business
  • First industry event covering biometric card and display card developments
  • Asia’s only industry event focusing on payment card products

Next-Generation Cards 2022 is an opportunity for industry to communicate and demonstrate next-generation card products to Asian card issuers and schemes, while connecting with supply chain partners in the payment card ecosystem.

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Why Attend

The Growing Cards Business
Globally, the number of payment cards in circulation at end 2021 was 25.2 billion and this is expected to rise to 30.6 billion by 2025. By 2025, the Nilson Report estimates that consumers using global branded cards issued in APAC will account for 44.86% of the world’s total purchases. Despite mobile payments growth, cards continue to dominate consumer payments outside of China. Growth is also being driven by new issuers: many fintechs are adding payment cards to their product portfolios. In June EMVCo reported that at the end of 2021, 12 billion EMV® chip cards were in global circulation.

Increasing Card Acceptance
Partnerships between schemes, networks and banks are boosting card acceptance worldwide. RBR forecasts continued growth in the number of card-accepting merchant outlets worldwide, rising from 74.5 million at end-2019 to 95.9 million at end-2025. More than half of these are expected to be in Asia-Pacific. Key drivers are government initiatives to encourage cashless payments, Software Point of Sale (SoftPoS) and the improving business case for card acceptance due to downward pressure on interchange fees reducing merchant service charges.

The Asian Cards Opportunity
The APAC region will continue to dominate the global card payments market in 2022, with a 57.8% share of global card payments by value. Asia remains the biggest opportunity in the global card market: according to research by GlobalData from April 2022, card payments in Asia Pacific are expected to grow at a CAGR of 12.9% between 2021 and 2025 to reach $39.7 trillion in 2025. Migration to contactless payment cards, new cardholders in developing markets, new fintech issuers and co-branding partners, and automated fare collection in transit, are driving factors.

Fintechs Issuing Cards
New payment card issuers, from neobanks to mobile wallets to fintechs, are launching physical payment cards in addition to their digital payments services. These new entrants see payment cards as an excellent marketing tool that replay the promotional and branding experience every time a customer takes out their payment card. Apple, Google, Samsung, Amazon, Grab, Venmo, Uber and others, are not only launching payment cards, they are also creating waves with ground-breaking card designs, often with innovative materials.

Exploding Payment Card Issuance!
The payment card industry is running out of Bank Identification Numbers (BINs)! An explosion in payment card issuance is behind a global initiative to extend the standardised payment card numbering system so that more payment cards can be issued. The International Organization for Standardization (ISO) has expanded the length of the issuing BIN from 6 to 8 digits to address a diminishing supply. JCB, Mastercard and Visa support this industry change and have mandated that acquirers and processors be able to support the new issuing BIN length effective April 2022.

Who Should Attend

Delegates from the following groups should participate in Next-Generation Cards 2022:

  • Card issuers including banks, non-banks and fintechs
  • Card schemes, processors, and payments services providers
  • Card industry supply chain stakeholders

 

Gold Sponsors

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Exhibitors