A leaked slide from the payment processing company
indicated a special Samsung phone with NFC to be the centerpiece of Visa's
mobile payment strategy for the Olympics.
It turned out in the ends that this phone is none
other than the Samsung Galaxy S III, which Samsung was apparently rushed to
announce and launch before the games begin.
Today VISA and Samsung confirmed officially they've
teamed up, and will be providing limited edition Galaxy S IIIs with VISA's
payWave app to sponsored athletes, who will be able to wave the phone and
purchase stuff at thousands of locations across London, like taxis, retail
stores, and even the Olympic Park itself.
The payWave app allows you to simply launch it and
hold the phone near an enabled terminal, of which there are 140, 000 across the
UK, without even requiring a passcode for purchases below 20 pound sterling.
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