Giesecke & Devrient (G&D) announced it will produce and supply German Olympians with an exclusive dual-interface Visa card for contactless and contact payment.
Landesbank Baden-Württemberg will be providing the PAYBACK Top-Class Sports Visa card for Olympic athletes to use as contactless payment wherever the Visa standard for contactless payment – Visa payWave – is accepted. They will also automatically collect PAYBACK points when using the card to pay.
Additionally, Olympic Games participants will not be required to enter a PIN or sign a payment slip for amounts under €25 (~ USD $30). German athletes will be able to apply for the card from the end of June at the official outfitting presentation in Mainz.
There are thousands of contactless payment terminals in London, with another 3,000 planned for the Olympic Games alone. 8,000 Transport for London buses and 2,500 taxis will also be equipped with terminals to accept contactless payment.