Samsung and Visa – both official Olympic
partners – have announced joint plans to offer mobile payments in
time for the London Olympic Games.
A new mobile handset produced by Samsung will
incorporate Visa contactless technology.
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Seokpil Kim, president & CEO of Samsung
Electronics Europe said: “In London next year, we regard the
greatest show on earth as the perfect opportunity to showcase how
this technology can make a positive difference to people’s lives –
enabling them to feel closer to the Olympic and Paralympic
Games.”
Contactless terminals are already installed at
over 60,000 locations in London.
“We are not only breaking new ground for
Olympic partnerships, we are committed to enabling consumers to
connect with mobile and contactless payments technology for 2012
and beyond,” said Peter Ayliffe, CEO of Visa Europe.
The phone is planned to launch in the
run-up to the Games and will be provided to Samsung- and
Visa-sponsored athletes with further plans to offer the phone to UK
consumers and an ultimately worldwide.
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By GlobalData
