VISA, official sponsor of Olympics-2012 is suspected on violation of antimonopoly Law

25.06.10 18:29
/IRBIS, June 25, 2010/ - Sports fans wishing to purchase tickets to the London 2012 Olympics on a plastic card that can use a Visa payment card system, transmits BBC on June 24. As indicated, these are the conditions of the sponsorship agreement entered into between the company Visa and the organizers of the Olympic and Paralympics Games. In addition, only owners can pay by Visa in stores, located in the Olympic Village, or to withdraw cash from an ATM. British Committee for Countering Unfair Competition (OFT) is examining the details of the transaction for violations of antitrust laws. "OFT and European Commission are aware of the problem and are in the process of discussing measures that could be taken," - said in an official statement of the Committee. Visa is an official partner of the Olympic Games since 1988, when the Games were held in Seoul. "Visa is an official payment system of the Games in London, just as it was in Beijing in 2008 and this year in Vancouver. Visa - our main partner for over 24 years, so this is nothing new," - quoted a representative of the organizing committee of the London Olympics. Visa is the largest payment system in the UK: the number of holders of debit cards Visa in the UK over 53 million people, while MasterCard is only at 17.5 million A few other things with credit cards, where MasterCard is ahead Visa ($36 million and 22 million users, respectively). According to the Visa, those who do not have the correct card payment system will be able to get it during the Games. As indicated, fans from abroad will benefit other payment systems if they will buy tickets to events at the Olympics is not the official websites of the Games- 2012, and through the Olympic committees of their countries. [2010-06-25]