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London 2012 Olympic-Sized Success for Its NFC Technology, Claims Visa

This Summer’s games were the perfect place to showcase the firm’s Paywave technology

London 2012 Olympic-Sized Success for Its NFC Technology, Claims Visa

Visa has given its NFC payment system, Paywave, the thumbs-up, following its success at London 2012. Over 2,000 systems were installed at the Olympic Park, with a further 1,000 around the capital. As well as keeping the queues moving, it will have demonstrated the “speed, convenience and security” – not just of the Visa system, but NFC technology in general.

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According to Anne Van Schrader, VP of contactless technologies, transactions doubled during the Games, and the firm is hoping that the exposure garnered over the summer will pique retailers’ interests as well as consumers. Samsung also brought NFC technology to the attention of the athletes by providing them with Galaxy S3s complete with preloaded credit.
[Image via Visa News on Flickr]

About the author

My writing career has taken me all round the houses over the past decade and a half--from grumpy teens and hungover rock bands in the U.K., where I was born, via celebrity interviews, health, tech and fashion in Madrid and Paris, before returning to London, where I now live. For the past five years I've been writing about technology and innovation for U.S.

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