Pay­ment Tech­nolo­gies

Arabnet - The Quarterly - - Technology -

Us­ing Near Field Com­mu­ni­ca­tions (NFC) tech­nol­ogy, Visa launched a bracelet and ring that vis­i­tors to Rio 2016 were able to use as con­tact­less pay­ment to pay for ser­vices and goods at all 4,000 point-of-sale ter­mi­nals at the Olympic venues. The rings were only pro­vided to the 45 ath­letes the com­pany spon­sored at the Games and do not re­quire the use of bat­tery or recharg­ing. They also are wa­ter re­sis­tant to a depth of 50 me­ters, so that even

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