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.
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 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.
Over half a million people are expected to descend upon the streets of Rio this August to catch a glimpse of athletes like Usain Bolt have a shot at Olympic glory. But payment experts are warning people to be alert to the risk of card fraud.
Visa looks to be making the most of the glorious payments opportunity presented by the 2016 Olympics in Rio by planning to launch 4,000 POS terminals and introduce new wearable and mobile payment methods.
