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January 31, 2014updated 04 Apr 2017 4:08pm

Telus to launch mobile payment service on 4 February, local media says

Canadian telecommunications company Telus will launch its mobile payment service on 4 February, according to local media.

By Angelo Boccato

Canadian telecommunications company Telus will launch its mobile payment service on 4 February, according to local media.

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Canadian news website mobilesyrup.com said it had been tipped off on the launch date.

 

The launch partner for Telus will be Canadian financial institution CIBC.

 

The m-payment service will enable users to purchase small ticket items, likely under $50, with an NFC-enabled smartphone.

 

The customer will need also an active voice and data-plan, as well as a CIBC credit card and the CIBC mobile payment app.

 

The customer will then be able to start using its device at any merchant that has a MasterCard PayPass or VisaPayWave point of sale.

 

The eligible devices in this first phase will be Samsung Galaxy SIII, Samsung Galaxy S4, Samsung Galaxy Note II and the HTC One.

 

Telus is planning to expand its range in the future by launching additional devices with multiple banking partners.

 

 

 

 

Related articles:

KryptoKit introduces new shopping directory for Bitcoin users

CIBC expands mobile payment app to three more smartphones

RBC launches new NFC mobile payments service

 

 

 

 

 

 

 

 

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Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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