The goal is evidently to promote mobile payments via the embedded NFC chip, and VISA says the phone will work at 160 000 of its terminals in Europe, 70 000 of which are in shops and pubs in the UK. Sandra Alzetta from VISA has been caught on tape to title the upcoming Samsung device "iconic", so it probably will be a high-end handset, and it is also said to sport dedicated Olympic content preloaded.
spearhead the mass market adoption of mobile payments. Knowing how big the payment processing company is, this might be the best shot mobile payments have to take off.
Judging by the picture from VISA's presentation, the Samsung Olympics 2012 phone will be available globally in the first quarter of next year.
via Pocket-lint & SlashGear