News Articles

Thursday, March 31, 2011

Samsung and Visa plan mobile payments for London 2012

Samsung and Visa have announced plans to introduce mobile payments to the UK in time for the London 2012 Olympic and Paralympic Games. Both companies are sponsors of the London 2012 event.

There’ll be a Samsung Olympic and Paralympic Games mobile phone provided to athletes and also available to the general public. The phone will also require a Visa-enabled SIM card to enable NFC contactless payments. To make payments, customers will open the Visa application on their phone, select ‘pay’ and then hold the phone in front of a contactless reader at the point of purchase.

London already has more than 60,000 locations where contactless payments are accepted.

Peter Ayliffe, CEO of Visa Europe, said “Visa, like Samsung, shares the vision of leveraging our Olympic and Paralympic Games sponsorship to leave a lasting legacy in the market for banks, retailers, mobile operators and consumers. 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. We look forward to working with financial institutions and mobile operators alongside Samsung to make this initiative a success.”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«February 2024»
MonTueWedThuFriSatSun
2930311234
567891011
12131415161718
19202122232425
26272829123
45678910

Archive

Terms Of Use | Privacy Statement