Smart cards set for a boom

Got a new credit card but no place to keep it because there are too many cards in your pocket already? Well, one smart card may replace all of your cards in the near future.

With the smart card, consumers can pay bank bills, public transportation tickets, food expenses and more. The card can also be embedded into a cell phone SIM card or even in a pen.

China has put a lot of emphasis on cutting-edge technology. The country’s top technology regulator, the Ministry of Industry and Information Technology (MIIT), said that China is the biggest smart-card market globally and aims to have 10 billion smart cards in use in the near future.

Read more at Smart cards set for a boom


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