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January 23, 2014updated 04 Apr 2017 4:09pm

CIBC expands mobile payment app to three more smartphones

Canada-based bank CIBC has expanded its mobile payment app to three more smartphones Samsung Galaxy S4, Galaxy Note II and HTC One, on the Rogers wireless network.

By Verdict Staff

Canada-based bank CIBC has expanded its mobile payment app to three more smartphones Samsung Galaxy S4, Galaxy Note II and HTC One, on the Rogers wireless network.

Through these additions, more Canadians will now be able to pay for everyday purchases by using their smartphone at the checkout counter instead of reaching for their wallet.

CIBC said that its mobile payment app is already accepted at thousands of retailers across Canada for purchases under $50.

The mobile payment app will also offer various safeguards making it as secure as credit cards, including the chip technology, optional user passwords, and encryption to securely store credit card information on SIM cards.

CIBC vice president of payments innovation and integration, Brenda Clark, said: "We’re excited to be extending our CIBC Mobile Payment app to three devices that our clients have been asking for, allowing them to be part of the trend in 2014 towards paying with your phone.

"This will be a year of growth for mobile payments in Canada, and we are excited to be building on our leadership position with more devices and more choices for Canadians."

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