Samsung and Visa launching PayWave NFC app for London Olympics

Samsung and money specialist Visa have just announced plans to launch an official micro-payment app in time for the London Olympics, which will use Visa’s PayWave system and Samsung’s NFC mobile technology to enable contactless payments in and around the Olympic venues this summer.

Of course, you’ll need a phone with fully functioning NFC powers and the necessary accreditation to run the app. And if you are THAT futuristic, this is what you’ll see:

samsung visa paywave

The app doesn’t appear to be live for fiddling with just yet, with both Samsung and Visa saying they’ll be showing it off in more detail at MWC next week. Here’s the full press release.

Visa and Samsung Reveal Mobile Payments Application for the London 2012 Olympic and Paralympic Games

Latest step forward in bringing mobile payments to London 2012 Olympic Games

LONDON, Feb 24, 2012 — Visa V +0.10% and Samsung today revealed the official mobile payments application of the Olympic and Paralympic Games. Samsung and Visa will debut the mobile payment application at Mobile World Congress, Barcelona, Spain from February 27th to March 1st. The application will be demonstrated at Visa stand (Hall 1, Stand 1B19) and Samsung stand (Hall 8, Stand 8B169). This marks the first step to realising the partnership between the two Olympic and Paralympic Games sponsors to bring mobile contactless payments to London as part of their support of the London 2012 Olympic Games.


The application is based on Visa’s payWave technology that enables contactless payments at the Point of Sale. To make payments, customers simply hold the phone in front of a contactless reader at the point of purchase. Purchases above 15 pounds require a passcode. The application also lets customers check their transaction history and view their up to date account balance. Backed by the multi-layered security and reliability of Visa’s processing platform, mobile contactless payments are protected by the same standard terms and conditions that apply to Visa cards.

“London 2012 is a unique opportunity to show the future of payments coming to life and leave a lasting legacy post-2012. The new mobile payment application is central to this showcase,” said Sandra Alzetta, Head of Innovation at Visa Europe. “We are also working with a number of partners to put live mobile payment technology into consumer hands. We’ve recently announced the certification of a number of major manufacturer handsets for NFC payments, which brings mainstream commercial mobile payments a step closer to reality.”

“Samsung is extremely thrilled to work with Visa to launch mobile payment services for the London 2012 Olympic Games. We believe that this showcase will motivate people to experience and adopt easy and safe payment through mobile devices. As a long-time Olympic partner and a mobile technology leader, Samsung is fully committed to providing our customers with reliable and convenient mobile experiences during the Olympic Games through our partnership with Visa,” said DJ Lee, executive vice president and head of Sales and Marketing team of Samsung’s Mobile Communications Business.

As a Worldwide Sponsor of the Olympic Games for more than 25 years and the Paralympic Games since 2002, Visa implements and manages the entire payment system infrastructure and network throughout all Games’ venues. For London 2012, there will be more than 3,000 contactless terminals installed across the Olympic and Paralympic venues showcasing prepaid, contactless payments, mobile technologies, and other innovations.

Link via TNW.

4 ResponsesLeave one →

  1. I’m desperate to try out anything NFC with my Galaxy Nexus – just to see how easy it is..!

    Apparently Google are releasing Wallet in the Uk in time for the Olympics – hope they have it at Hampden for the football!

    Reply
    • Gary_C

       /  February 24, 2012

      Is it really that hard to use NFC? I live in the middle of nowhere, and thought you city types were all buying your lattes with your telephones these days.

      Reply
      • I live in deepest, darkest Aberdeenshire!!

        Maybe I haven’t been paying attention, but I’ve not seen any shops with NFC payment options.
        Besides, I don’t have Google Wallet yet…!

        Reply
  2. Eugh, why does it look like an iOS app, damn that’s some ugly theming.

    Reply

Leave a Reply

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