As part of their sponsorships of the London 2012 Olympic Games, Samsung and Visa plan to enable consumers to mobile payments using the Samsung Olympic and Paralympic Games mobile handset. The handset will be equipped with Near Field Communications (NFC) and Visa's contactless payment technology. To make payments, customers must select the Visa mobile contactless application, select pay and hold the phone in front of a contactless reader at the point of purchase. Samsung and Visa will work together to provide the contactless enabled Olympics handset to Visa and Samsung sponsored athletes. They also plan to make the phones available for consumers to purchase through mobile network operators and other distributors. A Visa-enabled SIM card will be required for use with the device in order to make purchases at contactless retailers.
