Visa Marks Rio2016 Countdown with New Payment Tech


In its 30th year as the exclusive payment provider of the Olympic Games, Visa is creating and managing the entire payment system infrastructure and network throughout all venues of the Rio2016 Games in Brazil including stadiums, press centres, Point-of-Sale (POS), the Olympic Village and Olympic Superstores.

A press statement from the payment provider said that this year, Visa will implement 4,000 POS terminals across key Olympic venues, as well as 11 ATMs in partnership with Bradesco.
Visa also extends the value of its sponsorship to Olympic Games host cities, facilitating the development and advancement of payment infrastructure in those markets.

“This year Visa will introduce acceptance of new technologies and innovation throughout Rio, focusing on new ways to pay including payment wearables and mobile phones – letting fans swipe, tap, dip or click to pay in Rio.

“Visa has always stood for universal acceptance and the most secure and fast way to pay across merchants, borders and currencies,” said Executive Vice president of innovation and strategic partnerships at Visa Inc. Jim McCarthy.
“As we prepare for the Rio 2016 Olympic Games, Visa is transforming the way fans pay, giving them choice in how they want to pay for anything, anytime and everywhere,” he concluded.