Visa has partnered with Lotte Card, a financial unit of South Korean retailer Lotte Department Store, over the introduction of contactless payment wearables to be used by visitors to the Olympic Winter Games in 2018. The wearables include NFC-powered gloves, stickers and Olympic pins.
The new wearables are available for purchase in South Korea starting November 9. They feature prepaid payment functionality to allow all spectators at the Olympic Winter Games PyeongChang 2018 to make payments during the event at all participating locations.
The pin has a specific PyeongChang 2018 design and costs KRW5,000. Customers may purchase the pins with prepaid amounts available in denominations of KRW30,000 and KRW50,000.
Contactless payment gloves are created for keeping hands of the visitors warm while enabling them to pay for the purchases. The interface built into the chip of the gloves allows customers to make payments both in Korea during the Olympics and at any compatible reader across the globe. The prepaid amounts available on the gloves are denominated in KRW30,000 and KRW50,000 as well.
Stickers, featuring a thin flexible adhesive design, are furnished with dual interface NFC-enabled chip and antenna. They can be stuck virtually to any surface for performing transactions. The stickers come in denominations of KRW30,000, KRW50,000, KRW100,000 and KRW200,000.