From a gadgeteer’s standpoint, the very best things concerning the Olympics is its tendency to herald new technologies to the hosting city. Take the 2012 games, as an example: not just are the London Underground stations getting WiFi hotspots, but news has it that Samsung and Visa are holding hands to deliver NFC mobile payment solutions to the town. In reality, greater than 60,000 locations in London are already equipped with contactless payment systems, and right away Visa is negotiating with banks to get its contactless cards and cellphones approved. For the latter, one such device shall be Samsung’s Olympic and Paralympic Games mobile handset that incorporates a Visa-enabled SIM card, and it’ll be made available to sponsored athletes in addition to various retailers. Furthermore, this alliance will continue after the Olympics, and Visa is rolling out its mobile payments solution in lots of other countries today, so it shouldn’t be long before we hear more Visa handset announcements.
Samsung & Visa, Two Worldwide Olympic Sponsors, Join Forces to Enable Mobile PaymentsPioneering alliance to bring mobile payments to the united kingdom and all over the world inside the run as much as and through London 2012
LONDON–(BUSINESS WIRE)–Samsung and Visa today announced plans to bring the newest innovation in payment technology to the market as element of their sponsorships of London 2012, enabling consumers to make mobile payments using the Samsung Olympic and Paralympic Games mobile handset. Before and through the Games, the innovation will transform the payment experience in London and globally, enabling faster, less complicated payments via cell phone.
“Innovation is a key business driver for Visa and mobile payments are among the main areas we’re concentrating on. The Olympic and Paralympic Games enables us to accelerate our business goals and this partnership plays a big role achieve them”
Samsung and Visa’s new strategic alliance is designed to go away a long-lasting legacy available in the market post-2012.
Samsung Electronics, the global Olympic Partner for Wireless Communications Equipment, and Visa, the global Olympic Partner and exclusive Payment Services sponsor are combining their sponsorship assets and leadership in technology with the intention that the Olympic and Paralympic Games mobile handset available to most people can be equipped with technology that allows mobile payments, Near Field Communications (NFC) and Visa’s contactless payment technology. To make payments, customers simply select the Visa mobile contactless application, select pay and hold the telephone in front of a contactless reader on the point of purchase.
Visa is operating with banks and retailers worldwide to roll-out acceptance for Visa contactless cards, in addition cellphones, as portion of an industry wide roll-out of contactless technology. In London there are already greater than 60,000 locations where contactless payments are accepted and contactless and electronic card payments may be available within the run-as much as and through the 2012 Olympic and Paralympic Games. With the momentum to commercialise mobile payments globally, consumers may be in a position to make mobile contactless payments within the run as much as and through the Games in lots of countries all over.
Samsung and Visa will interact to offer the contactless enabled Olympics handset to Visa and Samsung sponsored athletes as component to this initiative. Samsung and Visa also plan to make the handset available for consumers to buy through mobile network operators and other distributors. A Visa-enabled SIM card might be required to be used with the device so one can make purchases at retailers who’ve the contactless payment system.
“Visa, like Samsung, shares the vision of leveraging our Olympic and Paralympic Games sponsorship to go away a long-lasting legacy available in the market for banks, retailers, mobile operators and consumers. We’re not only breaking new ground for Olympic partnerships, we’re committed to enabling consumers to hook up with mobile and contactless payments technology for 2012 and beyond,” said Peter Ayliffe, CEO of Visa Europe. “We glance forward to working with financial institutions and mobile operators alongside Samsung to make this initiative a hit.”
“Innovation is a key business driver for Visa and mobile payments are one of the most main areas we’re specializing in. The Olympic and Paralympic Games enables us to accelerate our business goals and this partnership plays a massive role achieve them,” said Mariano Dima, Executive Vp of selling and Payment Solutions at Visa Europe.
Samsung and Visa are committed to enabling consumers to create meaningful connections with the Olympic and Paralympic Games and luxuriate in a neater, smarter life throughout the leading mobile payment technology. Samsung has demonstrated its leadership in NFC-enabled phone technology, because it launched one of many first commercial NFC phones in France in 2010. It then unveiled the industry’s first Android phone equipped with NFC capabilities last year, followed by the NFC-enabled bada smartphone, introduced on the Mobile World Congress 2011.
“As a pioneer in mobile technology, Samsung is striving for long time change within the way we use mobile payments. In London next year, we regard the best show on this planet because the perfect opportunity to showcase how this technology could make a good difference to people’s lives – enabling them to feel towards the Olympic and Paralympic Games. This mobile payment device might be available within the UK initially, and we plan to expand the service to other countries in Europe and around the globe where contactless payment facilities are available the near future,” said Seokpil Kim, President & CEO of Samsung Electronics Europe.
Gyehyun Kwon, Vice chairman & Head of global Sports Marketing, Samsung Electronics added, “This marks the first actual partnership between two Worldwide Olympic Partners of the London 2012 Games. We’re delighted to be joining forces with Visa to make the Olympic Games more accessible and convenient for every person. This fits extremely well with our ambition to enable more people to take part within the Games through our smart technology.”
Visa and Samsung will work with mobile network operators, financial institutions and retailers all over the world to bring the benefit, security and reliability of Visa’s contactless technology to mobile users worldwide. Currently, Visa mobile payments are being rolled out in countries around the globe including Australia, Canada, Czech Republic, Brazil, France, Hong Kong, Italy, Malaysia, Poland, Singapore, Spain, Slovakia, Switzerland, Turkey, the united kingdom and the us.
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