By Providence Obuh
AS part of its celebra- tion of 30 years as exclusive payment provider, Visa, a global payments technology company is set to implement 4,000 POS terminals across key Olympic venues, as well as 11 ATMs in partnership with Bradesco at the Rio 2016 Olympic Games.

The company is creating and managing the entire payment system infrastructure and network to all venues including stadiums, press centers, point-of-sale (POS), the Olympic Village and Olympic Superstores.

Executive Vice President, Innovation and Strategic Partnerships, Visa Inc. Mr. Jim McCarthy, stated, “Visa has always stood for universal acceptance and the most secure and fast way to pay across merchants, borders and currencies. 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.”

The company is also extending the value of its sponsorship to Olympic games host cities, facilitating the development and advancement of payment infrastructure in those markets and thereby introduce acceptance of new technologies and innovation throughout Rio, focusing on new ways to pay including payment wearable and mobile phones– letting fans swipe, tap, dip or click to pay in Rio.