With the Rio 2016 Olympics in full flow, Visa and Barclaycard have worked together to kit out all 366 British athletes competing with a Team GB-branded wearable payment device.
The band uses Barclaycard’s bPay microchip and has an embedded NFC antenna. There is no battery and no need to recharge the bracelet.
Kevin Jenkins, Visa managing director for the UK and Ireland, said: “Wearable payments make life so much easier – fewer things to carry, fewer things to keep track of – which is why Visa is innovating in this area with our partners. We are proud to work with Barclaycard in support of Team GB and hope that the band makes their life just that little bit easier with tap at the checkout.”
Earlier this year Visa pledged to install 4,000 POS terminals across key Olympic venues, as well as 11 ATMs – all contactless-enabled.
They aren’t the only ones seeing the contactless opportunity as the city’s public transit operator, RioCard, has recently revealed that it will provide residents and visitors with contactless wearable devices that will work on buses, ferries, the subway and trains during the two-week event.
Just as Visa is making the most of a popular sporting event, so too is MasterCard as the company has announced plans to introduce new payment technology to The Barclays gold tournament.
Visa's contactless payment ring has been a hit with athletes at the Rio Olympics.
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.
In this guest blog, Micki Nguyen, director of Product Management, Cash & Logistics, Fiserv, talks about the importance of having a reliable cash strategy during mass sporting events such as the Rio Olympics.