The trend is on the rise in Canada, where users are being advised to take security precautions. A new report has shown that mobile payments are a rapidly rising trend in Canada, adding itself to a growing number of data analyses indicating the same trend. The largest Canadian interbank network reported that it is experiencing massive growth in device use. The interbank network, Interac, reported that by August, over one billion debit mobile payments were transacted within the prior 12 months using its network. Moreover, data from Interac showed that…
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Canadian mobile payments could form a cashless society
This prediction about the country’s transaction systems has been made by MasterCard. When it comes to cash, it is becoming increasingly rare to see in the average wallet in Canada, not because consumers don’t have any money, but because these consumers are relying more heavily on cashless transactions, such as debit and credit cards, as well as Canadian mobile payments. Residents of the country have been adopting transactions with their smartphones quite rapidly. When compared to their counterparts in similar economies, Canadian mobile payments have been taking off quite quickly…
Read MoreMobile payments will be everywhere next year, says Rogers
By the end of 2014, the Canadian communications giant has announced that people will prefer to pay with smartphones. According to a statement that was released by Rogers Communications Inc. vice president of emerging technologies, David Robinson, by next year and beyond, mobile payments will become the preferred way for consumers to process their transactions. This announcement was made as Robinson spoke to developers at a conference about Android in Toronto. The hope from Rogers, which is already one of the major mobile payments players in the Canadian ecosystem, is…
Read MoreMobile payments expanding in Canada
RBC and Bell intend to work together to launch a new secure solution across the country. The largest bank in Canada, RBC (Royal Bank of Canada) and Bell, the largest communications company in the country, have announced their partnership to start to provide efficient and secure mobile payments for using credit and debit to make purchases in participating stores throughout the nation. This announcement was for the upcoming availability of a service that they are calling secure, fast, and easy. The mobile payments service will be available to RBC debit…
Read MoreMobile payments from Sure Tap now available to Canadian Android users
Until now, this service has been available only to consumers in Canada with BlackBerry devices. Sure Tap was first launched in Canada last year, in order to allow a partnership between the CIBC bank and Rogers Communications to offer mobile payments through NFC enabled devices. However, at that time, it was only BlackBerry using Rogers subscribers who could use the service. This made the initial step toward mobile payments in Canada a very limited one. However, Sure Tap has now announced that it has released a new version of the…
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