Samsung has already confirmed that the Galaxy S III is the official phone of the Olympics, and now Visa has announced its involvement with the handset.
Visa has stated that a limited edition “showcase” S III device, with Visa payWave on board, will be made available, but only to sponsored Olympic athletes.
Visa payWave, along with the S III’s on board NFC capability, will make it possible to wave your way past the tills at thousands of retail stores in London. If you happen to be an Olympic athlete, that is, as the rest of us will just have to wait.
DJ Lee, Executive Vice President and Head of Sales and Marketing team of Samsung’s Mobile Communications Business, commented: “Mobile payment services enabled by NFC technology are gaining momentum around the world. The Samsung GALAXY S III has been created with our human needs and capabilities in mind and is the ideal device to showcase the ease and convenience of Visa’s mobile payment application at the London 2012 Olympic Games.”
Visa notes that come the Games in July, there will be over 140,000 contactless payment terminals around the UK.
Sandra Alzetta, Senior Vice President of Mobile at Visa Europe, said: “Mobile technology has long been a revolutionary force in our lives and NFC-enabled devices such as the Galaxy S III will fundamentally change the way we pay. The future is mobile and cash usage will only continue to decline as people use their mobile devices to manage their money, shop and pay. This summer our partnership with Samsung will showcase all the advantages of the future of payments: security, convenience, speed and flexibility being forefront among them.”
Visa payWave allows for simple one wave contactless payments, although transaction amounts over £20 require a passcode entry.