Visa helps to bring contactless wearables to upcoming Winter Olympics
Visa, the exclusive payment technology partner at the Olympic and Paralympic Games, has introduced three commercially available wearable payment devices that fans and athletes will be able to use at venues during the Games in South Korea.
"We are looking forward to transforming the payment experience for everyone who attends the upcoming Games in PyeongChang," said Iain Jamieson, Korea & Mongolia country manager at Visa, in a release. "At Visa, we have been working tirelessly to ensure all of the Olympic venues are equipped with the very latest payment capabilities to provide the best experience possible for all those on-site."
Visa teamed up with Lotte Card, the financial arm of South Korean-based retail giant, Lotte Department Store, to produce and make these new prepaid payment wearables available for purchase in Korea beginning November 9. About the products:
- Commemorative Olympic pin: Inspired by the long-standing tradition of collecting commemorative pins at the Olympic Games, Visa is bringing to market four unique lapel pins featuring custom PyeongChang 2018 designs to offer a payment-enabled collectable for fans and athletes to utilize on-site. Cost per pin is KRW5,000 plus desired embedded prepaid amounts valued at KRW30,000 or KRW50,000.
- Payment-enabled gloves: This payment glove will offer fans a way to pay without having to get cold hands. The gloves have dual interface chip housed with a contactless antenna capable of completing purchases throughout official Olympic venues and compatible readers globally. The gloves will come with embedded prepaid amounts valued at KRW30,000 or KRW50,000.
- Sticker: With a thin and flexible adhesive design and an embedded dual interface NFC-chip and antenna, these micro-tags can be attached to almost anything. The wearable sticker is available in denominations of KRW30,000, KRW50,000, KRW100,000 and KRW200,000. The collection includes eight distinct designs including Soohorang — the official PyeongChang 2018 mascot — the Korean flag, and much more.