Visa has introduced three commercially available wearable payment devices for the upcoming Olympic and Paralympic Winter Games in PyeongChang: NFC-enabled payment gloves, commemorative stickers and Olympic pins.
The wearables will enable fans and athletes to make payments with a tap at any contactless-enabled terminal. Visa has teamed up with Lotte Card to produce and make the prepaid payment wearables available for purchase from Lotte Card’s customer centers in Korea and the Lotte Card website starting today (November 9).
During the Games, all three wearables will also be available for purchase at the Olympic Superstores in Visa vending machines.
Inspired by the long-standing tradition of collecting commemorative pins at the Olympic Games, Visa is bringing to market four unique lapel pins featuring custom PyeongChang 2018 designs to offer a payment-enabled collectable for fans and athletes to utilize on-site. Cost per pin is KRW5,000 ($4.40) plus embedded prepaid amounts valued at KRW30,000 or KRW50,000.
The payment-enabled gloves contain a dual interface chip housed with a contactless antenna capable of completing purchases throughout official Olympic Venues and compatible readers globally. The gloves will come with embedded prepaid amounts valued at KRW30,000 or KRW50,000.
The wearable sticker is a microtag with a thin and flexible adhesive design and an embedded dual interface NFC-chip and antenna. The stickers are available in denominations of KRW30,000, KRW50,000, KRW100,000 and KRW200,000.
In addition to the wearables and as the exclusive payment partner of the Olympic Games, Visa is facilitating and managing the entire payment system infrastructure and network throughout all venues within the Games. This includes more than 1,000 contactless point-of-sale terminals capable of accepting mobile and wearable payments.
“We have been working tirelessly to ensure all of the Olympic venues are equipped with the very latest payment capabilities to provide the best experience possible for all those on-site,” said Iain Jamieson, Korea country manager at Visa.