Visa to work on biometrics, cashless payments for the Olympics

Friday 26 July 2019 08:52 CET | News

Visa has announced that it is preparing new payment technologies including biometrics and other cashless payments solutions for the Olympic Games Tokyo 2020.

Previously, as the “Worldwide Payment Technology Partner of the Olympic Games,” Visa has experimented with different payment options such as wearables at Olympics. For Tokyo 2020, technologies including biometric payment authentication, wearables, and mobile applications including digitally-issued cards will be explored.

Visa is working with merchants, particularly fast food restaurants, and convenience stores, to enable contactless point-of-sale payments and drive digital payment adoption ahead of the games. The announcement is part of the “Cashless Japan” initiative carried out by the Japanese government, which aims to double digital payments to 40% of all transactions in the country by 2025.

Moreover, the Tokyo 2020 games are expected to feature biometric access control from NEC for athletes, staff, and media, and visitors to the country will be processed with biometric customs checks at airports across the country.

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Keywords: Visa, Japan, biometrics, cashless payments, Olympics, mobile payments
Countries: World