Visa and Revolut join forces as the digital banking alternative plans to issue Visa cards to the 59 athletes of Team GB heading to the PyeongChang 2018 Winter Olympic Games.
The Revolut Visa cards will be prepaid and contactless, geared towards providing the athletes with a streamlined and secure approach to payments while being free of foreign exchange charges.
In addition to this, Visa’s sponsorship of the major event will include managing the entire payment system infrastructure and network across all of the venues.
Suzy Brown, Marketing Director UK & Ireland at Visa, said: “Our exciting relationship with Revolut comes at a time when Visa is making great strides in delivering the next wave of payments innovations for consumers and businesses. It is appropriate then that we have been able to use this partnership to put a Revolut Visa card in the hands of every Team GB athlete and staff member.”
“Visa is accepted in over 46 million merchant locations worldwide, so the team’s Revolut Visa cards will allow them to make purchases both conveniently and securely when they are in PyeongChang, giving them one less thing to worry about as they aim to do the country proud,” Brown said.
EU Fintech Action Plan puts cybersecurity top of the list
Lloyds Banking Group bans credit card Bitcoin buying
eBay, PayPal breakup: A win for the consumer
Revolut has gained great traction following its launch in 2015, entering the banking arena with the intention of providing a frictionless platform that could be used for global money manament.
Nikolay Storonsky, Founder and CEO of Revolut, said: “We’re extremely proud to partner with Visa, not least because we share a common goal to use our innovation and technology capabilities to provide a seamless experience for our customers and clients… What’s more, with over a million people already signed up to Revolut, we’re very excited that more cardholders will benefit from the control and flexibility we provide.”
