An emulator for a multi-mode smart card may include emulation circuitry for performing smart card applications in a plurality of operational modes. The emulator may also include a smart card connector to be connected to a smart card adapter operable in at least one of the plurality of operational modes. The smart card connector may include a plurality of contacts. Moreover, the emulator may further include a plurality of cable assemblies having first ends connected to the emulation circuitry, where each cable assembly is for a respective operational mode. Further, the emulator may also include an interface device connected between second ends of the plurality of cable assemblies and the smart card connector for selectively electrically connecting a selected cable assembly to predetermined ones of the contacts of the smart card connector based upon the at least one operational mode of the smart card adapter.