Samsung Galaxy S3 declared as the official phone for the London 2012 Olympics

Apart from the Samsung Galaxy S3 being the Korean manufacturer’s latest flagship device, it has also been announced that the Galaxy S3 will be the official London 2012 Olympics phone. Thanks to the phone’s NFC technology, Samsung and Visa have also partnered up and will be bringing mobile payment services to various Olympic venues thanks to the Visa payWave app.

Unfortunately it appears this service will be limited to Olympic athletes and select users who will be given special Olympic editions of the phone with Visa’s payWave app preinstalled on it. However the service is expected to roll out on a larger scale post-Olympic games.

However if in theory this service were to be made available to the masses from the get-go, this would allow visitors to the games pay for their food and drink, merchandise and other purchases via the phone’s NFC technology and its accompanying app. Given that there is expected to be a pretty huge crowd at the games, payments made via NFC could certain help cut down waiting in line and make things a lot more efficient.