Samsung Electronics has introduced its much-anticipated Galaxy S III, which, as expected, will support NFC for mobile payment, along with an enhanced version of Google’s Android Beam peer-to-peer pairing-and-sharing feature.
Samsung said the Galaxy S III will be its official Olympics smartphone, also as expected, which would mean it will support payment with Visa’s contactless payment application, payWave.
More than a year ago, Samsung and Visa, both Olympics sponsors, said they would introduce a promotional Olympics phone supporting payWave on SIM cards. Samsung unveiled the Galaxy S III this evening in London, site of the Summer Olympics starting in July. UPDATE: Visa and Samsung made it official May 9, announcing the Galaxy S III will be Samsung's officials Olympic Games phone. UK bank Lloyds TSB will issue the payWave application. END UPDATE.