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May 15, 2015updated 04 Apr 2017 4:03pm

MTS, SaskTel launch mobile payment service with TD Bank

Canadian mobile operators MTS and SaskTel have launched NFC mobile payment services using EnStream, whose platform acts as a hub, connecting Canadian banks and mobile network operators.

By Verdict Staff

Canadian mobile operators MTS and SaskTel have launched NFC mobile payment services using EnStream, whose platform acts as a hub, connecting Canadian banks and mobile network operators.

TD Bank is the first financial firm to provide this service to MTS and SaskTel customers.

EnStream said its platform will deliver the credit, debit and pre-paid cards issued by financial institutions to wireless handsets.

EnStream COO Almis Ledas said: "Once SaskTel and MTS were connected to our platform, it was relatively easy for an EnStream connected bank, like TD, to extend service to the customers of SaskTel and MTS."

Mobile payments are now supported by Bell, Rogers, TELUS, MTS and SaskTel, who collectively provide service to over 94% of Canada’s wireless subscribers.

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