Visa to sponsor refugee athletes in Rio Olympics

SAN FRANCISCO, July 20, (RTRS): Visa Inc, operator of the world’s largest payments network, said on Wednesday it had signed sponsorship deals with all ten members of the International Olympic Committee’s (IOC) refugee team, essentially becoming their first corporate sponsor.

The IOC introduced its inaugural refugee team in June to draw global attention to the plight of refugees. The athletes, six men and four women will compete in the sports of swimming, judo and athletics and march with the Olympic flag just before host Brazil at the opening ceremony Aug 5.

The team includes five athletes from South Sudan, two from Syria, two from Democratic Republic of Congo and one from Ethiopia. All are required to have official refugee status, according to the United Nations.

Chris Curtin, Visa’s chief marketing innovation and brand officer, said sponsoring refugee athletes ties into the concept of acceptance that is one of the creative threads behind the company’s Olympic campaign, and also an idea consumers associate with credit cards.

The company can use the refugees in their marketing campaigns if the IOC approves it. The IOC could not be reached for comment on Visa’s campaign. Some advocates for refugees have questioned whether it is opportunistic for companies to use refugees in advertising campaigns.

The value of Visa’s deals with refugee athletes, which it brokered directly with them with the help of the IOC, was not disclosed.

Curtin said the contracts are “identical, comparable deals,” to the sponsorship agreements Visa has with more well-known athletes.

Visa is working with 60 Olympians and Paralympians ahead of Rio, including US athletes Missy Franklin, beach volleyball player Kerri Walsh Jennings and Ashton Eaton, who won the gold medal in decathlon in London.