M’sia to have 13 million smart cards by 2005

MALAYSIA, with a 32.5% compound annual growth rate (CAGR) for smart cards from 2001 to 2005 is expected to have about 13 million smart cards out by 2005, according to Jafizwaty Ishahak, a Smart Card and Auto ID regional research analyst with Frost & Sullivan Asia Pacific.  

“Malaysia already had about 7 million smart cards for various applications out by end-2002,” she said during a recent interview with StarBiz on the sidelines at a seminar on Technology, Trends and Financing: The Way Forward, organised by the Malaysian Venture Capital A-sociation in Kuala Lumpur.