In preparation for the forthcoming Olympic Winter Games, Visa has revealed three cutting-edge NFC payment alternatives that will be available.
It will be a few more months until the international multi-sport event takes place in Pyeongchang County, South Korea. The event is set to take place from the 9th to the 25th of February 2018. After the Summer Olympics were hosted in Seoul in 1988, these will be the second Olympic Games staged in South Korea, but they will be South Korea’s first Winter Games. The Summer Olympics were held in Seoul in 1988.
Visa has produced commemorative items such as collectible pins, commemorative stickers, and gloves that all have NFC technology embedded into them in honor of the event. They are already for sale in the Korean market, and those who wear them will have the ability to make safe payments at more than one thousand contactless point-of-sale terminals spread across Olympic sites. During the event itself, fans will also have the opportunity to purchase them in Olympic Stores.
Having spent my formative years in South Korea, it fills me with pride that my home nation is playing host to these games and is taking advantage of the occasion to share Visa’s latest payment innovations with the rest of the globe. Iain Jamieson, the Korea country manager for Visa, shared his excitement about the upcoming Olympic Winter Games in PyeongChang by saying, “We are looking forward to improving the payment experience for everyone who visits the upcoming Olympic Winter Games in PyeongChang.”
“At Visa, we have been working relentlessly to ensure that all of the Olympic venues are equipped with the very latest payment capabilities in order to deliver the greatest experience possible for all of those who are on-site at these sites,”
The weather forecast calls for temperatures to average below-5 degrees Celsius, so it’s possible that these payment alternatives may be in high demand. The goods will come preloaded with the following amounts: 30,000 won, 50,000 won, 100,000 won, and 200,000 won, respectively.
Mikaela Shiffrin, a gold medalist from the United States of America and a member of Team Visa, said that it is important to her to work with a brand like Visa that not only supports a diverse group of athletes but also enables an enhanced fan experience for those who are at the Games. Shiffrin is a member of Team Visa.
“Olympic pins are always the most sought-after collectibles; these Visa pins truly boost the ante in terms of desirability.”
The industry that deals in payments is increasingly moving away from using plastic and toward using digital methods. For this purpose, Visa and its partners are launching new technology with the goal of simplifying and improving the safety of online shopping. This encompasses everything from rings that are enabled with NFC to eyewear that may be used to make purchases. However, we have not yet seen any of these possibilities become popular in a significant way.