Tag: canada mobile payments

New service has been put to trial in Toronto, Canada

PayPal has brought a new mobile payments service to Toronto, Canada. The company has been working to further establish its dominance in the mobile commerce field by providing businesses and consumers a way to connect to one another more effectively throughout mobile devices. In Canada, consumers are beginning to use their smartphones for much more than just communication. These people are beginning to shop for products and pay for services from their mobile devices more frequently, increasing the demand for comprehensive mobile commerce services.

Mobile payments now supported by 50 bars in Toronto area

PayPal has partnered with 50 bars in the Toronto area in order to make mobile payments possible among consumers. Those using the PayPal mobile application can make payments at these bars with their smartphones. PayPal has launched similar services in the U.S., Australia, and the United Kingdom and has received strong support from consumers in those countries. The application also has a unique approach on the matter of security.

PayPal app takes a unique approach to mobile commerce security

In order to place an order at a participating bar in Toronto, users of the PayPal app must “check-in” using the app’s location-based features. After doing so, consumers can place orders for food. In order to pay for the order, the application will require that the user takes a picture of themselves. This picture will be made available to staff as a form of authentication. The application can also be used to find nearby stores that also accept PayPal mobile payments.

PayPal focuses on restaurants for trial of new mobile services

The launch of PayPal’s service in Toronto represents a sort of trial. The company is testing the enthusiasm that Canadian consumers have when it comes to mobile commerce. If the company’s service receives strong support, it will likely make the service more widely available throughout the country. PayPal often chooses restaurants for these sorts of trials because they are places where consumers expect quick and convenient service. If PayPal’s services do well in that sort of environment, they are likely to perform well in retail environments as well.

CIBC has announced its expansion of the smartphone transactions for credit card holders.

Major Canadian bank, CIBC, has now partnered with a second large wireless carrier in the country in order to be able to broaden the availability of its mobile payments services to its customers who have NFC technology enabled smartphones.

CIBC and Telus have now announced a new partnership and mobile payments app.

This partnership has brought about a new app that will allow certain models of smartphones with NFC technology that run on the Telus network to be able to be used for making credit card purchases for items costing up to $50. These small purchase include anything from groceries to gas.

CIBC already has an established partnership with Rogers for NFC technology based smartphone payments.

Rogers is one of the largest wireless providers in Canada. That company started its mobile payments partnership in 2012. Customers of both of those companies can use their mobile devices at Canadian “tap and pay” terminals. According to the CIBC senior vice president of payments strategy and innovation, Todd Roberts, “In the next two years, by and large, you will have every bank and every major telco providing the service to clients.”

Roberts explained that he feels that this technology will become just as common as telephone banking and ATMs. He said that when this happens, “we will treat this as an everyday part of our lives.”

In order to encourage mobile payments to spread more broadly, smartphones would have to be enabled with near field communication tech. This makes it possible for the terminals to read the necessary verification data from the mobile devices so that small credit card purchases can be made. At the moment, to use this service, the credit card must have been issued by CIBC and they must have their wireless service through Rogers or Telus. In the future, the bank expects that a partnership may also be possible with Bell, one of the largest wireless providers in the country.

The more wireless carriers there are in partnership with CIBC for NFC technology based mobile payments, the better the chances that a credit card customer will be able to actually use these services.