10 Jan Semiconductor Shortage Issues
It’s starting to look like 2022 will be the year that the semiconductor shortage begins to impact credit card issuers. Surpluses kept card issuers “in the chips” through 2021 while other industries suffered but a recent study by ABI Research projects a 740M card deficit for this year.
One possible solution would be a migration to virtual credit cards. Extremely popular within the corporate purchasing realm, they aren’t terribly common among consumers. But that may change this year. By tucking them into a digital wallet these cards work quite nicely for in-person transactions. #semiconductorshortage #virtualcreditcards #creditcardscarcity
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