Samsung and Visa pull the starting trigger on Olympic payment collaboration
Well, it’s been no secret that Samsung was hoping to cash in on this summer’s Olympic fever. In fact, we all but knew its latest and greatest smartphone was going to be the handset-maker’s Olympic Games Phone. Today, however, the union has been made official via an announcement with Visa. Trialists and Athletes sponsored by the brands will have access to a special edition “showcase device” with Visa’s payWave payment application onboard. The collaboration is, of course, a drive to push the penetration of contactless payments in both the UK and the world stage. Payments under £20 won’t need a passcode, and users will also be able to check their balance and purchase history from the app. It’s estimated there’ll be about 140,000 contactless terminals in the country by the time the Olympic tanks roll in, so plenty of places to pick up that official march for the family back home.