Revolut, a digital banking alternative, has started issuing Visa cards to new customers that are signing up for Visa’s standard prepaid offering.
As part of the collaboration, the firms are also offering co-branded contactless cards to the 59 Team GB athletes and their accompanying delegation participating in the Olympic Winter Games PyeongChang 2018 being held in South Korea.
The Revolut Visa prepaid cards are intended to enable easy and secure payments at all contactless-enabled terminals in the country and at the Games venues without any foreign exchange fees.
Visa UK & Ireland marketing director Suzy Brown 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.”
Furthermore, Visa is responsible for the complete payment system infrastructure and network within the Games, providing more than 1,000 contactless point-of-sale terminals that can accept mobile and wearable payments.