samsung and visa pair up for 2012 olympics
Samsung are set to manufacture a special phone in time for the Olympics.
The Samsung Olympic and Paralympic Games mobile handset will use Near-Field Communications (NFC), an emerging technology that lets people send payments by phone directly from their bank accounts to special terminals.
The device, and any other NFC-capable phone, will be able to pay for purchases at over 60,000 locations in London.
This growing trend in wallet-free purchasing means that you can wave your phone at any NFC reader to pay for food or Olympic tat, making it even easier to purchase goods quickly.
Other companies, like Nokia, have tried to further the use of NFC in the past and faced challenges.
Samsung and Visa may well suffer the same fate. For instance, to use the payment technology, consumers will have to buy a special phone with a Visa-enabled SIM card.
They will then need to find a store with a reader device that accepts payments from the phones. Whatever the problems, London 2012 organisers believe it will play a significant part in the games.
nfc payments are on their way in uk, and samsung are finally doing it. speculation on the handset that is going to be for the olympics? an s2, revamped s2 or even an s3?