Visa confirms the Samsung Galaxy S III as the Olympics phone for mobile payments

Visa confirms the Samsung Galaxy S III as the Olympics phone for mobile payments
We reported about an eventual VISA/Samsung partnership for mobile payments at the 2012 Olympics in London way back in October last year. A leaked slide from the payment processing company indicated a special Samsung phone with NFC to be the centerpiece of Visa's mobile payment strategy for the Olympics.

It turned out in the ends that this phone is none other than the Samsung Galaxy S III, which Samsung was apparently rushed to announce and launch before the games begin. 

Today VISA and Samsung confirmed officially they've teamed up, and will be providing limited edition Galaxy S IIIs with VISA's payWave app to sponsored athletes, who will be able to wave the phone and purchase stuff at thousands of locations across London, like taxis, retail stores, and even the Olympic Park itself.

The payWave app allows you to simply launch it and hold the phone near an enabled terminal, of which there are 140, 000 across the UK, without even requiring a passcode for purchases below 20 pound sterling.

Related phones

Galaxy S III
  • Display 4.8" 720 x 1280 pixels
  • Camera 8 MP / 1.9 MP front
  • Processor Samsung Exynos 4 Quad, Quad-core, 1400 MHz
  • Storage 32 GB + microSDXC
  • Battery 2100 mAh(11.60h 3G talk time)

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4 Comments

1. tiburonpineda

Posts: 40; Member since: Feb 27, 2012

Sounds like a good option for the tourist.

2. mercorp

Posts: 1045; Member since: Jan 28, 2012

$$$$$$ for Samsung and VISA....

3. ryq24

Posts: 875; Member since: Oct 17, 2011

cool! just like hong kong's octopus card.

4. mineshrai

Posts: 1; Member since: Feb 23, 2012

The Galaxy S III with NFC technology is part of an evolution that will entirely change the way people shop, pay and get paid all over the world.....http://mirolta.com/2012/05/09/samsung-and-visa-announces-galaxy-s-iii-as-olympic-games-phone/

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