The 2016 Olympic Games kick off in Rio de Janeiro with a payment innovation as the capital’s public transit operator, RioCard has revealed that it will provide residents and visitors with contactless wearable devices that will work on buses, ferries, the subway and trains.
Contactless payments were first introduced in Brazil in 2013, when the capital’s RioCard partnered with Gemalto, Motorola Mobility and the Brazil’s four leading mobile operators – Claro, Oi, Telefónica and TIM, supported by the GSMA.
Not much is different this time round as RioCard has again partnered with Gemalto, which is providing the transit operator with its waterproof contactless wristband and also a contactless sticker both embedded with a contactless chip from Gemalto and certified by Visa and MasterCard enabling all the secure functionalities of traditional contactless EMV cards.
According to the Brazilian Tourism Institute, the capital is expecting to welcome 500,000 visitors and wearable payments are seen by RioCard as one of the ways of reinforcing the transport infrastructure.
“The new RioCard wristbands support our goal to create a more convenient and secure travel experience for all residents and visitors to Rio de Janeiro,” said Cassiano Rusycki, CEO, RioCard.
This strategic push to go contactless has already been adopted by Visa, which announced 100 days ago its intention to instal 4,000 contactless-enabled POS terminals.
Daniel Smith, Director of Relationship Management, Basset and Gold interview: “Consumer demand for new and innovative forms of finance is soaring”
Basset and Gold has announced the launch of its new Innovative Finance ISA (IFISA).
Anthony Walton, CEO of Iliad Solutions explores the latest developments and challenges with APIs.
Visa has announced it will be launching a new wearable payment device.
CEO and Co-Founder of Payworks Christian Deger explains how developing partnerships between SMBs and VARs is benefiting the industry.