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

Trendingnow

1

Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight against an Iranian ally threatening crude's other chokepoint

2

Scott Bessent dared the $32 trillion bond market with 'I am the house now' statement. It didn’t listen

3

Billionaire Coinbase CEO Brian Armstrong says most charities are 'net negative'—and that he has no plans to make his own foundation

1

Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight against an Iranian ally threatening crude's other chokepoint

2

Scott Bessent dared the $32 trillion bond market with 'I am the house now' statement. It didn’t listen

3

Billionaire Coinbase CEO Brian Armstrong says most charities are 'net negative'—and that he has no plans to make his own foundation

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
Google source logo
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

Latest in


Most Popular

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


    Most Popular

    © 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.