Visa Brings Digital Payments to Rio 2016 Olympic Games as 1.2 Million Travelers Are Expected in Brazil

SAN FRANCISCO--()--Visa (NYSE:V) today celebrated the 100 day milestone to the Rio 2016

Olympic Games. In its 30th year as the exclusive payment provider of the

Olympic Games, Visa is creating and managing the entire payment system

infrastructure and network throughout all venues including stadiums,

press centers, point-of-sale (POS), the Olympic Village and Olympic

Superstores. This year Visa will implement 4,000 POS terminals across

key Olympic venues, as well as 11 ATMs in partnership with Bradesco.



Visa also extends the value of its sponsorship to Olympic Games host

cities, facilitating the development and advancement of payment

infrastructure in those markets. This year Visa will introduce

acceptance of new technologies and innovation throughout Rio, focusing

on new ways to pay including payment wearables and mobile phones -

letting fans swipe, tap, dip or click to pay in Rio.

"Visa has always stood for universal acceptance and the most secure and

fast way to pay across merchants, borders and currencies," said Jim

McCarthy, executive vice president of innovation Esporte Viver and strategic

partnerships at Visa Inc. "As we prepare for the Rio 2016 Olympic Games,

Visa is transforming the way fans pay, giving them choice in how they

want to pay for anything, anytime and everywhere."

Olympic Games Travel Forecast

Visa projects that Brazil will host an estimated 400,000-500,000

international visitors during the month of August, based on trends

observed in recent summer editions of the Olympics. Visa data points to

2016 inbound travel to Brazil increasing by an estimated 1.2 million

travelers for the year, compared to the 2010-2015 average, primarily due

to preparations for the Olympics Games.

The largest share of travelers to Brazil are forecast to come from Latin

America and the Caribbean region (45 percent of all international

travelers), followed by Europe (30 percent) and North America (15

percent).



Based on historical data from past Olympic Games, Brazil can expect to

see an increase in per traveler spending. During the London 2012 Olympic

Games, spending averaged $1,830 per traveler1, which was

twice as much per visit than regular tourists to the United Kingdom in

2012.

"This data speaks to the increase in commerce generated through the

Olympic Games," said McCarthy. "More than 200 nations, 10,000 athletes,

their families, friends and fans are expected to gather in Rio this

summer to enjoy this truly global celebration of sports and athletics.

Visa is excited to be part of their journey."

Travel Tips for Fans Visiting Rio

Visa is the only card accepted at the Rio 2016 Olympic and Paralympic

Games venues and for any official Rio 2016 related transactions. To help

fans attending the Olympic Games, Visa has released a series of

recommended travel tips, directing cardholders to:

Notify their issuing bank or financial institution of potential

travel plans, including the fact that they will be using Visa debit,

credit or prepaid cards abroad to avoid any issues while traveling.

Issuing banks can also provide information about travel-related

benefits for Visa account holders.

Register for SMS notification with their specific bank, or

bank's transaction notification service, allowing travelers to track

transactions on their Visa accounts.

Opt-in for services, such as Mobile Location Confirmation via

the issuer's banking app or Visa's Travel Authorization Tag.

Set up automatic bill pay for their credit cards for

peace-of-mind while traveling abroad.

Consider paying via Loja Viver Esporte a chip-activated terminal with a credit or

debit card upgraded with chip technology for enhanced security.

Look for the Visa or PLUS logo at point-of-sale to ensure

international payment cards are accepted.

About Visa Inc.: Visa Inc. (NYSE: V) is a global payments

technology company that connects consumers, businesses, financial

institutions and governments in more than 200 countries and territories

to fast, secure and reliable electronic payments. We operate one of the

world's most advanced processing networks -- VisaNet -- that is capable of

handling more than 65,000 transaction messages a second, with fraud

protection for consumers and assured payment for merchants. Visa is not

a bank and does not issue cards, extend credit or set rates and fees for

consumers. Visa's innovations, however, enable its financial institution

customers to offer consumers more choices: pay now with debit, pay ahead

of time with prepaid or pay later with credit products. For more

information, visit usa.visa.com/about-visa,

visacorporate.tumblr.com

and @VisaNews.

1 Overseas Travel and Tourism - Monthly Release, August 2012;

UK Office for National Statistics

http://www.businesswire.com/news/home/20160426006953/en/Visa-Brings-Digital-Payments-Rio-2016-Olympic

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