NFC technology based mobile payments debit transactions launched in Canada

Royal bank of Canada (RBC) mobile commerce platform

The country’s largest bank, RBC, has now debuted its touchless transaction service. Another bank has entered into the lucrative and yet highly competitive mobile payment environment as Interac has partnered up with the largest Canadian bank, the Royal Bank of Canada (RBC) in order to bring contactless debit transactions to consumers through NFC technology enabled smartphones. The service is expected to roll out for actual use by consumers “in the coming year”. The demonstration of this service was held by RBC at a McDonald’s restaurant located in downtown Toronto, Canada.…

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