The chipknip smart card or electronic purse is to disappear from shops, says Thursday’s Financieele Dagblad. The chipknip was introduced 10 years ago to pay for small items.
But while the cost of paying with the alternative bank (PIN) card was expensive at the time, this is no longer the case making the chipknip somewhat redundant, says the paper. And the chipknip has never been popular with the public, the FD adds.
The owner of the Chipknip, Currence, will now focus on promoting the electronic purse for use in parking garages, vending machines and in company cantines.
Last year there were 164 million chipknip payments, around 10 per head of the population.
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