A leaked slide from the payment processing company indicated a special Samsung phone with NFC to be the centerpiece of Visa's mobile payment strategy for the Olympics.
It turned out in the ends that this phone is none other than the Samsung Galaxy S III, which Samsung was apparently rushed to announce and launch before the games begin. Today VISA and Samsung confirmed officially they've teamed up, and will be providing limited edition Galaxy S IIIs with VISA's payWave app to sponsored athletes, who will be able to wave the phone and purchase stuff at thousands of locations across London, like taxis, retail stores, and even the Olympic Park itself.
The payWave app allows you to simply launch it and hold the phone near an enabled terminal, of which there are 140, 000 across the UK, without even requiring a passcode for purchases below 20 pound sterling.
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