Apple Pay in Canada gets a huge boost as all Big 5 banks prepare for launch

apple pay in canada

Mobile payments are on the rise among Canadian consumers and they’re about to gain access to a large player. The entry of Apple Pay in Canada has now been announced and consumers in that country will be able to take advantage of that mobile payments service, as long as they have a compatible iPhone and an account with one of the Big 5 banks in the country. All five of the largest Canadian financial institutions have announced that they were preparing for the service. As of Tuesday, all major credit…

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Tab brings new mobile payments service to Toronto restaurants

Toronto Mobile payments

Mobile commerce is gaining momentum among high-end Canadian restaurants Tab, a startup based in Toronto, Canada, has plans to bring mobile payments to high-end restaurants. The startup has already partnered with 18 of Toronto’s luxury restaurants in its endeavor to make expand mobile commerce and help businesses become more accommodating of mobile consumers. Mobile commerce is growing quickly throughout Canada as more people become reliant on their smartphones and tablets. Consumers are beginning to seek out businesses that offer mobile-centric services and tend to spend more on these businesses over…

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Canadian mobile payments could form a cashless society

Canadian Mobile payments

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…

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Mobile payments will be bank dominated if they have anything to say about it

Royal bank of Canada (RBC) mobile commerce platform

They are determined to not only be pioneers but to lead the industry, as well. The race to lead the way in the mobile payments and digital wallet space has been a tough struggle in most countries, including in Canada, where the Big Six banks have been doing their best to hold back the success of alternatives from other countries, such as Square an PayPal. They are trying to achieve this goal by providing the best technology in the nation for these devices. Banks are working to achieve the best…

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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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Mobile payments using credit cards launched for first time in Canada

Mobile Payments

CIBC and Rogers Communications have unveiled this smartphone friendly service. The Canadian Imperial Bank of Commerce (CIBC) and Rogers Communications have unveiled the first mobile payments program using credit cards in Canada. The service will become available at participating Tim Horton’s coffee shop locations. Beginning on November 16, the new Mobile Payments App will be available to CIBC credit card and Rogers Wireless customers, who have certain BlackBerry smartphone models. To start, it will be possible to use the service through the BlackBerry Bold 9900 or the Curve 8360. The…

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