London – 8th February 2018: Visa, the exclusive payment technology partner at the Olympic and Paralympic Games, today announced that digital banking alternative Revolut is now issuing Visa cards to all new customers signing up to its standard prepaid offering.
To celebrate this partnership and Visa’s sponsorship of the Olympic Winter Games PyeongChang 2018, Visa and Revolut have provided contactless Revolut Visa prepaid cards to all 59 Team GB athletes travelling to PyeongChang as well as the wider Team GB delegation accompanying them. The card will allow the athletes and staff to complete seamless and secure payments with a simple tap at any contactless-enabled terminal in South Korea and across all the Games venues free of foreign exchange fees.
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.”
Launched in July 2015, Revolut has expanded across the globe, now serving over one million customers in 30 European countries.
“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,” said Nikolay Storonsky, Founder and CEO of Revolut. 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.”
Team Visa athletes Billy Morgan and Elise Christie are amongst those from Team GB who received the contactless Revolut Visa prepaid cards ahead of travelling to South Korea.
“While I’m in PyeongChang, my focus will be on performing to the best of my ability,” said snowboarder and Team Visa athlete Billy Morgan. “With my Revolut Visa prepaid card, I’ll be able to tap to pay with confidence in South Korea without having to worry about paying fees or exchanging currency.”
Short-track speed-skater and Team Visa athlete Elise Christie added: “As a professional athlete, I am constantly travelling around the world and it’s easy to take for granted some of the things I have at home. At least while I am in South Korea I can rest assured that I’ll be able to tap to pay with confidence with my Revolut Visa prepaid card, just as I would do when I’m in the UK.”
In addition to providing contactless Revolut Visa prepaid cards to Team GB and as the exclusive payment partner of the Olympic Games, Visa is facilitating and managing the entire payment system infrastructure and network throughout all venues within the Games. This includes more than 1,000 contactless point-of-sale terminals capable of accepting mobile and wearable payments.
As the payments industry increasingly shifts from plastic to digital, new technology advances from Visa and its partners are bringing consumers a simple and secure purchasing experience. To learn more about Visa and its Olympic sponsorship, visit https://usa.visa.com/about-visa/sponsorships-promotions/olympics-partnership.html.
* Data provided to Visa by acquiring financial institutions and other third parties.
Ian Burge, UK and Ireland PR Lead, Visa
T +44 (0) 203 144 2196
Chad West, Head of Brand & Communications, Revolut
T: +44 (0) 7860 651 737
Thomas Rowland, Communications Manager – Corporate, Team GB
T: +44 (0) 207 842 5719
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analogue to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit our website (www.visaeurope.com), the Visa Vision blog (vision.visaeurope.com), and@VisaNewsEurope.