Samsung and Visa has announced today that the upcoming Galaxy S III will be the official Olympic Games phone during the London 2012 Games. A limited edition showcase device pre-loaded with Visa’s payWave application will be made available for Samsung and Visa sponsored athletes and trialists. Visa payWave is a mobile payment application which enable the users to buy merchandise by simply waving their Galaxy S III devices at dedicated retail locations throughout London.
“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,” said DJ Lee, executive vice president and head of sales and marketing team of Samsung’s Mobile Communications Business.
Visa is planning to make payments enable at more than 140,000 contactless terminals all over UK during the Olympic Games.
“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,” said Bill Gajda, Global Head of Mobile Products at Visa Inc. “This summer we will be demonstrating the future of payments in London – a future where most consumers will rely on mobile devices, tablets and PCs to manage their daily financial lives. Our relationship with Samsung gets us closer to that vision, with a stunning new device that is sure to turn heads at the London 2012 Games.”
This is part of a worldwide drive for the contactless technology. In Australia the HSBC Visa payWave card has pushed up the amount that can be purchased to $100, which is above most countries.