Technology

The exclusive repayment technology partner at the Olympic and Paralympic Games, has introduced 3 commercially readily available wearable payment devices. In the spirit of the Olympic Winter Games, Visa created NFC-enabled payment gloves, commemorative stickers and Olympic pins that permit fans and professional athletes to complete smooth and safe and secure payments with a simple faucet at any kind of contactless-enabled terminal.

" We are looking forward the settlement experience for everyone that attends the upcoming Olympic Wintertime Gamings in PyeongChang," stated Iain Jamieson, Korea nation manager at Visa. "At Visa, we have been working relentlessly to guarantee every one of the Olympic venues are furnished with the very latest repayment capacities to offer the most effective experience possible for all those on-site."

Visa teamed up with Lotte Card, the financial arm of South Korean-based retail titan, Lotte Department Store, to produce and make these new prepaid payment wearables available for acquisition in Korea. Concerning the products:

Commemorative Olympic Pin: Inspired by the long-standing tradition of gathering commemorative pins at the Olympic Games, Visa is offering market 4 unique lapel pins featuring custom PyeongChang 2018 styles to offer a payment-enabled collectable for followers and professional athletes to use on-site. Expense per pin is KRW5,000 plus desired ingrained pre paid amounts valued at KRW30,000 or KRW50,000.

Payment-Enabled gloves: The average temperature level in PyeongChang will certainly be - 4.8 C [1], so gloves covers will certainly be a must-have! This repayment gloves cover will certainly use followers a way to pay safely and securely without having to obtain cool hands. The gloves have a double interface chip housed with a contactless antenna with the ability of completing acquisitions throughout official Olympic Venues and suitable readers globally. The gloves will come with embedded prepaid amounts valued at KRW30,000 or KRW50,000.

Sticker: With a slim and flexible glue design and an ingrained dual interface NFC-chip and antenna, these micro-tags can be attached to practically anything to earn smooth repayments in a moment's notice. The wearable sticker is available in religions of KRW30,000, KRW50,000, KRW100,000 and KRW200,000. The collection includes 8 unique styles including Soohorang - the official PyeongChang 2018 mascot - the Oriental flag, and a lot more.

The stickers and pins could be bought from Lotte Card's consumer centers in Korea and the Lotte Card internet site. During the Gamings, all three wearables will certainly likewise be available for purchase at the Olympic Superstores in comfortably situated Visa vending makers.

In addition to the wearables and as the exclusive settlement partner of the Olympic Gamings, Visa is helping with and managing the entire settlement system framework and network throughout all locations within the Games. This includes greater than 1,000 contactless point-of-sale terminals capable of approving mobile and wearable repayments.

As the repayments industry significantly shifts from plastic to digital, new modern technology breakthroughs from Visa and its partners are bringing customers a simple and secure buying experience. To find out more about Visa and its Olympic sponsorship, check out https://usa.visa.com/about-visa/sponsorships-promotions/olympics-partne.

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