Telecom Lead Europe: Mobile major Samsung
Electronics has associated with Visa to enable its latest Samsung GALAXY S III
smartphone with Visa’s mobile payment application, Visa payWave.
The company has also announced that the Samsung
GALAXY S III will be Samsung’s Olympic Games Phone during the London 2012
Games.
A limited edition showcase device enabled with Visa
payWave will be available for Samsung and Visa sponsored athletes and
trialists, making it possible to buy merchandise with a wave of the device at
thousands of retail locations throughout London.
The smartphone comes equipped with Near Field
Communication (NFC) payment capability and is the next step in the partnership
between the two global Olympic Games sponsors as they work together to drive
the availability of commercial mobile payments around the world.
“Mobile payment services enabled by NFC technology
are gaining momentum around the world. The Samsung GALAXY S III has been
created with our human needs and capabilities in mind and is the ideal device
to showcase the ease and convenience of Visa’s mobile payment application at
the London 2012 Olympic Games,” said DJ Lee, Executive vice president and
head of sales and marketing team of Samsung’s Mobile Communications Business.
The showcase device is supported and enabled by London
2012 Games partner Lloyds TSB in the UK.
Visa payWave for mobile allows users to simply select
the Visa icon on their mobile device and hold the phone to a contactless
payment terminal to pay. Purchases above GBP 20 require a passcode. The
application also allows customers to check their transaction history and view
their account balance.
“This summer our partnership with Samsung will
showcase all the advantages of the future of payments: security, convenience,
speed and flexibility being forefront among them,” said Sandra Alzetta, senior
vice president of Mobile at Visa Europe.
Samsung unveils GALAXY S III, aims neck to neck rivalry with
iPhone
In order to further cement its dominance in the Android
market space, mobile major Samsung Electronics unveiled the GALAXY S III in
London.
With a larger touch screen and more powerful processor,
the new Galaxy smartphone is all set to whack the reign of Apple’s iPhone.
