The global chip shortage could soon start causing problems for your bank cards, too

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The global shortage of chips is now threatening to imperil the supply of smart payment cards.


Image: shapecharge / Getty Images

After causing long waiting lists for smartphones, PCs and gaming consoles, the global shortage of chips is now threatening to imperil the supply of another pretty indispensable item: the card that you use every day to make payments. 

The Smart Payment Association (SPA), the trade body for the cards and mobile payments industry, has warned that the bottlenecks that are currently hitting the production of semiconductors is trickling down to some payment card manufacturers, who are facing difficulties securing the components they need to produce the items. 

With the shortage showing no sign of ending for another year at least, this could cause some major issues for consumers. 

“If the situation does not improve, there are going to be millions of cards missing and this will have a

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