• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers

2

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady

3

Bars, bowling alleys and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health

1

Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers

2

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady

3

Bars, bowling alleys and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health

Visa Just Became the First Corporate Sponsor of the Olympic’s Refugee Team

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
July 20, 2016, 5:49 AM ET
18th FINA Visa Diving World Cup - LOCOG Test Event for London 2012: Day Six
Photograph by Richard Heathcote Getty Images
Add Fortune on Google for similar content.

Visa Inc, operator of the world’s largest payments network, said on Wednesday it had signed sponsorship deals with all ten members of the International Olympic Committee’s (IOC) refugee team, essentially becoming their first corporate sponsor.

The IOC introduced its inaugural refugee team in June to draw global attention to the plight of refugees. The athletes, six men and four women will compete in the sports of swimming, judo and athletics and march with the Olympic flag just before host Brazil at the opening ceremony August 5.

The team includes five athletes from South Sudan, two from Syria, two from Democratic Republic of Congo and one from Ethiopia. All are required to have official refugee status, according to the United Nations.

Chris Curtin, Visa’s chief marketing innovation and brand officer, said sponsoring refugee athletes ties into the concept of acceptance that is one of the creative threads behind the company’s Olympic campaign, and also an idea consumers associate with credit cards.

The company can use the refugees in their marketing campaigns if the IOC approves it. The IOC could not be reached for comment on Visa’s campaign. Some advocates for refugees have questioned whether it is opportunistic for companies to use refugees in advertising campaigns.

The value of Visa’s deals with refugee athletes, which it brokered directly with them with the help of the IOC, was not disclosed.

Curtin said the contracts are “identical, comparable deals,” to the sponsorship agreements Visa has with more well-known athletes.

Visa is working with 60 Olympians and Paralympians ahead of Rio, including U.S. athletes Missy Franklin, beach volleyball player Kerri Walsh Jennings and Ashton Eaton, who won the gold medal in decathlon in London.

Visa had previously announced a sponsorship deal with Yusra Mardini, an elite swimmer who left Syria last August. Mardini and her sister swam for more than three hours in the open sea to get to Greece after the small boat she was on started to capsize. She helped more than a dozen or so people on the boat survive the journey who could not swim.

Mardini now trains in Germany. Visa posted a photo of Mardini on its Facebook page with the text “Accept me because I’ve swum against the current to get where I belong.”

Visa also had a previous deal with Raheleh Asemani, an Iran-born female athlete in taekwondo who is now representing Belgium.

About the Author
By Reuters
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in

After canceling Iran strikes, Trump says negotiations will resume Monday afternoon while Tehran continues Hormuz talks with Oman
PoliticsIran
After canceling Iran strikes, Trump says negotiations will resume Monday afternoon while Tehran continues Hormuz talks with Oman
By Aamer Madhani, Samy Magdy and The Associated PressAugust 2, 2026
4 hours ago
Markets signal investors are back in buying mode again after Kospi’s record surge while Trump gives peace a chance with latest Iran reversal
InvestingStock
Markets signal investors are back in buying mode again after Kospi’s record surge while Trump gives peace a chance with latest Iran reversal
By Jason MaAugust 2, 2026
4 hours ago
UK’s Burnham pledges ‘relentless’ focus on illegal migration
PoliticsImmigration
UK’s Burnham pledges ‘relentless’ focus on illegal migration
By Philip Aldrick and BloombergAugust 2, 2026
5 hours ago
Here’s how Trump has zig zagged with on-again, off-again strikes throughout the Iran war
EnergyIran
Here’s how Trump has zig zagged with on-again, off-again strikes throughout the Iran war
By Melanie Lidman and The Associated PressAugust 2, 2026
5 hours ago
CXMT’s blockbuster IPO will test whether China’s memory makers are ready for the spotlight: ‘It does not yet mean China is broadly catching up’
Big TechChina
CXMT’s blockbuster IPO will test whether China’s memory makers are ready for the spotlight: ‘It does not yet mean China is broadly catching up’
By Angelica AngAugust 2, 2026
5 hours ago
AstraZeneca said to have explored Bristol Myers merger
HealthPharmaceutical Industry
AstraZeneca said to have explored Bristol Myers merger
By Dinesh Nair, Michelle F. Davis, Ashleigh Furlong, Kelly Gilblom and BloombergAugust 2, 2026
5 hours ago

Most Popular

Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers
Success
Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction will soon be unlocked because someone needs to build new AI centers
By Preston ForeAugust 1, 2026
2 days ago
The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
Economy
The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
By Jason MaAugust 1, 2026
1 day ago
Bars, bowling alleys and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health
North America
Bars, bowling alleys and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health
By Catherina GioinoAugust 2, 2026
18 hours ago
Trump just invoked a 1930 tariff law no president has ever used — against Canada
Commentary
Trump just invoked a 1930 tariff law no president has ever used — against Canada
By Caleb PetittAugust 2, 2026
14 hours ago
Most billionaires are stuck in 'slow philanthropy.' MacKenzie Scott gave away $26 billion and won't stop until 'the safe is empty'
Success
Most billionaires are stuck in 'slow philanthropy.' MacKenzie Scott gave away $26 billion and won't stop until 'the safe is empty'
By Sydney LakeAugust 2, 2026
18 hours ago
As Trump balks again at escalating war, Iran smells 'blood in the water' and looks to exploit its newfound strategic advantage, experts say
Middle East
As Trump balks again at escalating war, Iran smells 'blood in the water' and looks to exploit its newfound strategic advantage, experts say
By Jason MaAugust 2, 2026
9 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.