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Visa will be using its status as a worldwide partner of the London 2012 Olympic Games to show off its latest payment innovations. The company announced it will showcase payments via mobile phone and chip-enabled payment cards at thousands of retail locations throughout London and Olympic venues.
"Electronic payments play a crucial role in facilitating tourism and meeting the needs of consumers on the go during a world sporting event such as the Olympic Games, making this a unique opportunity to showcase how technology is changing the way people shop, pay and get paid around the world," said Jim McCarthy, head of products at Visa Inc.
In London, Visa will demonstrate payments future in which consumers rely on mobile devices, tablets and PCs to manage their daily financial lives, McCarthy said.
During the Olympic games, Visa and its partners will enable Visa-sponsored athletes, trialists, and visitors to experience the future of payments. Examples include:
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