The Battle for Mobile Money in Canada! Eh!

  • By Vince Kadar
  • Thursday, May 07, 2015

Canada has experimented for decades to digitize their money, creating convenience, security, and availability.  The Banks have tried and the three big mobile operators have invested in a joint venture, EnStream, and even launched a product that flamed out; ZoomPass.

  • Apparently mobile payments is flourishing in Canada!
  • Rogers Wireless has launched a companion card and NFC enable mobile wallet
  • RBC and Bell are working on a joint product
  • MTS and SaskTel are working on introducing a mobile payment product
  • TD appears to be contra-the-herd by announcing expansion plans to add an additional 250 machines into Atlantic Canada; that would be in the provinces of Quebec, New Brunswick, Nova Scotia, Newfoundland, Prince Edward Island and eastern Ontario.

If we were really investing into a global digital currency would we not be eliminating ATM machines and investing into the infrastructure to drive a digital and mobile payments! Food for thought!