Visa innovates payments for Olympic athletes and fans
Select language to see a machine translation of this article. The original language of the Article is English and the translation is provided for your convenience.

Visa innovates payments for Olympic athletes and fans

Global cashless payment provider Visa has created three new wearable payment devices to celebrate the 2018 Olympic Winter Games in PyeongChang. The new products all use contactless technology, enabling users to wave them over any contactless-enabled terminal to complete “seamless and secure” payments. The products are a pair of near-field communication (NFC) enabled gloves, commemorative stickers, and Olympic pins. All three will be available in Korea for the Games.

Visa’s share price has risen by 43% in 2017, year to date

visa1311

SOURCE: Yahoo Finance

Park Seung-Hi, South Korean Olympic speed skating athlete, and part of Team Visa, said: “Growing up in South Korea, I am proud that my home country is hosting the Games, and is using this opportunity to introduce Visa payment innovations to the rest of the world. These payment gloves provide a hassle-free way to pay, even when it’s cold!”

Visa has been a Worldwide Olympic Partner since 1986, and it is the exclusive payment partner for the organization. As such, the company is facilitating and managing the entire payment system infrastructure – that’s more than 1,000 contactless point-of-sale terminals that can accept mobile and wearable payments.

Iain Jamieson, Visa’s Korea country manager, said in a statement: “We are looking forward to transforming the payment experience for everyone who attends the upcoming Olympic Winter Games in PyeongChang. At Visa, we have been working tirelessly to ensure all of the Olympic venues are equipped with the very latest payment capabilities to provide the best experience possible for all those on-site.”

Disclosure

Dominion holds Visa in its Global Trends Ecommerce Fund.


If you would you like to receive the Newsfeeds daily, please click here to sign up now!

Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
0.0/5 rating (0 votes)

Disclaimer
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.