News: Visa has deployed 4000 NFC terminals throughout Rio De Janeiro.
UK athletes at the Olympic Games in Rio De Janeiro have received a boost from Visa in the form of a new NFC payment band.
Team GB, which includes English, Scottish, Welsh and Northern Irish athletes, have all been given an exclusive branded wearable that will allow them to make purchases at payment terminals throughout the Olympics.
The 366 athletes as well as 150 people among the support crew and stakeholders, will receive the band.
The bands have been developed in partnership with Barclaycard. They use a bPay microchip with an embedded NFC antenna.
Visa has provided several wearable payment solutions to attendees of the tournament. There are 4000 NFC-enabled point of sale terminals at the key venues for the Games.
The solutions include the Swatch Bellamy, a watch that is linked to a Visa prepaid card and works like any NFC-enabled contactless device, as well as the Pulseira Bradesco payment bracelet.
Visa also introduced its new payment ring, a wearable device that a user can tap on any NFC-enabled payment terminal. It is currently in prototype and has been provided to Team Visa athletes.
Kevin Jenkins, Managing Director for the UK and Ireland, said: “Wearable payments make life so much easier – fewer things to carry, fewer things to keep track of – which is why Visa is innovating in this area with our partners.
Tami Hargreaves, Commercial Director, Digital Consumer Payments at Barclaycard, said:
“bPay removes the need to fumble around for cash or a card, making it ideal for busy athletes on the move who want a quick and easy way to pay.
“Contactless spending is growing at a rapid rate, and as the UK’s leading provider of wearable payment products, Barclaycard hopes its partnership with Visa will help make the lives of Team GB that little bit easier when they pay for goods and services.”