Why are magnetic stripe (magstripe) cards being phased out?

Magstripe cards are being phased out due to advancements in technology that provide more secure, durable, and versatile alternatives like RFID cards. Magstripe cards have limited data storage and are vulnerable to wear, damage, and security breaches such as skimming. RFID cards, on the other hand, offer enhanced security features, longer durability, and the ability to store and transmit more data wirelessly. As a result, industries are transitioning to RFID cards for improved performance and security.
 
Learn more about how RFID cards are replacing magstripe cards.