Visa Marks 100 Days to Olympic Games Opening Ceremonies:
Readies New Payment Technology Across Rio
SAN FRANCISCO--(BUSINESS WIRE)--Apr. 27, 2016--
Visa (NYSE:V) today celebrated the 100 day milestone to the Rio 2016
Olympic Games. In its 30th year as the exclusive payment provider of the
Olympic Games, Visa is creating and managing the entire payment system
infrastructure and network throughout all venues including stadiums,
press centers, point-of-sale (POS), the Olympic Village and Olympic
Superstores. This year Visa will implement 4,000 POS terminals across
key Olympic venues, as well as 11 ATMs in partnership with Bradesco.
This Smart News Release features multimedia. View the full release here:
Olympic Games: Travel & Spend (Graphic: Business Wire)
Visa also extends the value of its sponsorship to Olympic Games host
cities, facilitating the development and advancement of payment
infrastructure in those markets. This year Visa will introduce
acceptance of new technologies and innovation throughout Rio, focusing
on new ways to pay including payment wearables and mobile phones –
letting fans swipe, tap, dip or click to pay in Rio.
“Visa has always stood for universal acceptance and the most secure and
fast way to pay across merchants, borders and currencies,” said Jim
McCarthy, executive vice president of innovation and strategic
partnerships at Visa Inc. “As we prepare for the Rio 2016 Olympic Games,
Visa is transforming the way fans pay, giving them choice in how they
want to pay for anything, anytime and everywhere.”
Olympic Games Travel Forecast
Visa projects that Brazil will host an estimated 400,000-500,000
international visitors during the month of August, based on trends
observed in recent summer editions of the Olympics. Visa data points to
2016 inbound travel to Brazil increasing by an estimated 1.2 million
travelers for the year, compared to the 2010-2015 average, primarily due
to preparations for the Olympics Games.
The largest share of travelers to Brazil are forecast to come from Latin
America and the Caribbean region (45 percent of all international
travelers), followed by Europe (30 percent) and North America (15
Based on historical data from past Olympic Games, Brazil can expect to
see an increase in per traveler spending. During the London 2012 Olympic
Games, spending averaged $1,830 per traveler1, which was
twice as much per visit than regular tourists to the United Kingdom in
“This data speaks to the increase in commerce generated through the
Olympic Games,” said McCarthy. “More than 200 nations, 10,000 athletes,
their families, friends and fans are expected to gather in Rio this
summer to enjoy this truly global celebration of sports and athletics.
Visa is excited to be part of their journey.”
Travel Tips for Fans Visiting Rio
Visa is the only card accepted at the Rio 2016 Olympic and Paralympic
Games venues and for any official Rio 2016 related transactions. To help
fans attending the Olympic Games, Visa has released a series of
recommended travel tips, directing cardholders to:
Notify their issuing bank or financial institution of potential
travel plans, including the fact that they will be using Visa debit,
credit or prepaid cards abroad to avoid any issues while traveling.
Issuing banks can also provide information about travel-related
benefits for Visa account holders.
Register for SMS notification with their specific bank, or
bank’s transaction notification service, allowing travelers to track
transactions on their Visa accounts.
Opt-in for services, such as Mobile Location Confirmation via
the issuer’s banking app or Visa’s Travel Authorization Tag.
Set up automatic bill pay for their credit cards for
peace-of-mind while traveling abroad.
Consider paying via a chip-activated terminal with a credit or
debit card upgraded with chip technology for enhanced security.
Look for the Visa or PLUS logo at point-of-sale to ensure
international payment cards are accepted.
About Visa Inc.: Visa Inc. (NYSE: V) is a global payments
technology company that connects consumers, businesses, financial
institutions and governments in more than 200 countries and territories
to fast, secure and reliable electronic payments. We operate one of the
world's most advanced processing networks — VisaNet — that is capable of
handling more than 65,000 transaction messages a second, with fraud
protection for consumers and assured payment for merchants. Visa is not
a bank and does not issue cards, extend credit or set rates and fees for
consumers. Visa's innovations, however, enable its financial institution
customers to offer consumers more choices: pay now with debit, pay ahead
of time with prepaid or pay later with credit products. For more
information, visit usa.visa.com/about-visa,
1 Overseas Travel and Tourism - Monthly Release, August 2012;
UK Office for National Statistics
View source version on businesswire.com: http://www.businesswire.com/news/home/20160426006953/en/
Source: Visa Inc.
Andy Gerlt, +1-415-805-5153