Samsung S3 Olympics edition confirmed by Visa Although NFC payments are popular in the Far East, cash also remains popular too. Sandra Alzetta, Senior Vice President of Mobile at Visa Europe claimed "The future is mobile and cash usage will only continue to decline as people use their mobile devices to manage their money, shop and pay. This summer our partnership with Samsung will showcase all the advantages of the future of payments: security, convenience, speed and flexibility being forefront among them. Berg Insight reports that annual global sales of NFC-equipped handsets increased ten-fold to 30 million devices in 2011 and is forecasted to reach 700 million units by 2016. An estimated 20 countries are expected to launch NFC services in the next 18 months, resulting in transactions approaching $50 billion worldwide by 2014, according to Juniper Research. The Galaxy S3, unveiled at an international launch held at London's Earls Court arena, includes innovative new features such as eye tracking so that the screen stays on while a user is looking at it. Samsung is hoping the device will replicate the success of its predecessor, the SII, which has sold a total of 20million units.