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VISA introduces wearable payment devices for fans for PyeongChang Winter Olympics

VISA introduces wearable payment devices for fans for PyeongChang Winter Olympics
November 13, 2017

Payment services company Visa has introduced wearable payment devices for fans attending next year’s winter Olympic and Paralympic Games in Pyeongchang, South Korea.

Visa is the exclusive payment technology partner of the Games and has launched the near-field communication-enabled gloves to allow spectators to complete seamless payments with one tap at any contactless-enabled terminal.

Visa has worked with Lotte Card, the financial arm of Korea-based retail giant Lotte Department Store, on the venture, which also includes the creation of commemorative stickers and Olympic pins.

Iain Jamieson, Korea Country Manager at Visa, explained “we are looking forward to transforming the payment experience for everyone who attends the upcoming Olympic Winter Games in Pyeongchang.

“At Visa, 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.”

With the average temperature in PyeongChang set to be -4.8 degrees Celsius during the Games, the gloves are designed to provide fans with a seamless payment experience that will not require the use of bare hands. The gloves will contain a dual interface chip that will house a contactless antenna. They will be embedded with prepaid amounts valued at KRW ₩30,000 (US$27) or KRW ₩50,000.

The commemorative pin will also provide a payment-enabled collectable for fans and athletes during the Games. Each pin will cost KRW ₩5,000, plus desired embedded prepaid amounts valued at KRW ₩30,000 or KRW ₩50,000.

The sticker will feature a thin and flexible adhesive design and an embedded dual interface NFC chip and antenna. The wearable sticker is available in denominations of KRW ₩30,000, KRW ₩50,000, KRW ₩100,000 and KRW ₩200,000. The stickers will feature eight distinct designs including Pyeongchang 2018 mascot Soohorang.

The stickers and pins can be purchased from Lotte Card’s customer centres in Korea and through the Lotte Card website, as well as in Olympic superstores.

The PyeongChang winter Olympics are due to run from 9th to 25th February, with the Paralympics to follow from 9th to 18th March.

6th November 2017 - IOC LOOKS TO CENTRALISE OLYMPIC GAMES TICKETING

26th October 2017 - ORGANISERS ANNOUNCE COMPLETION OF ALL PYEONGCHANG WINTER OLYMPICS VENUES 

27th September 2017 - BANKS LOOK TO REVERSE POOR TICKET SALES FOR PYEONGCHANG 2018 WINTER OLYMPICS

5th August 2017 - SOUTH KOREAN ORGANISERS READY TO HOST 2018 WINTER OLYMPICS 

6th April 2017 - VISITOR ATTRACTIONS HIT BY STOLEN CREDIT CARD SCAM

31st March 2016 - GANGNEUNG AIMS TO BECOME SOUTH KOREAN WINTER SPORTS HUB AFTER PYEONGCHANG 2018 GAMES

17th December 2015 - PYEONGCHANG WINTER GAMES ASSURE READINESS FOR OLYMPIC TEST EVENTS

24th November 2015 - PYEONGCHANG 2018 WINTER OLYMPICS ANNOUNCES TICKETING PARTNER


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