LONDON & SEOUL & NEW ORLEANS -- Samsung Electronics and Visa today announced that the Samsung GALAXY S III, the latest in smartphone innovation, will be Samsung’s Olympic Games Phone during the London 2012 Games.

A limited edition showcase device enabled with Visa’s mobile payment application, Visa payWave, will be available for Samsung and Visa sponsored athletes and trialists, making it possible to buy merchandise with a wave of the device at thousands of retail locations throughout London.

Samsung’s Olympic Games phone for the London 2012 Games, comes equipped with Near Field Communication (NFC) payment capability and is the next step in the partnership between the two global Olympic Games sponsors as they work together to drive the availability of commercial mobile payments around the world.