The RBC Wallet, powered by RBC Secure Cloud, is now available, enabling RBC Mobile clients to purchase goods and services with their RBC Interac Debit or Visa credit cards using their Bell Mobility Android smartphone.
RBC is the first Canadian financial institution to provide clients with the choice of using debit or credit for their mobile payments.
"We are excited to bring the RBC Wallet to RBC and Bell Mobility clients," said Dave McKay , group head, Personal & Commercial Banking, RBC. "Our vision is for the RBC Wallet to work on all phones, with all carriers, and include value-added services and solutions - all safely secured in RBC Secure Cloud. As technology is rapidly changing, we chose a phased approach, enabling us to bring this exciting new technology to a portion of our clients right now, with many enhancements to follow."
The RBC Wallet powered by RBC Secure Cloud is currently available to RBC clients who have a Samsung Galaxy S III or Samsung Galaxy S4, some of the most widely adopted Near Field Communication (NFC) enabled smartphones, operating on the Bell network, and have an upgraded NFC-enabled SIM card. Using NFC technology, the RBC Wallet enables consumers to pay for small purchases using their phones at merchant locations that accept contactless payments, similar to Interac Flash or Visa PayWave.
"Canada's largest bank and Canada's largest communications company have partnered to make your everyday purchases easier and more convenient with your smartphone," said Wade Oosterman , president of Bell Mobility and Residential Services, and chief brand officer at Bell. "Bell is proud to partner with RBC to enable payments using the country's largest 4G mobile network and the latest smartphones, delivering the benefits of mobile commerce to Canadians everywhere."
Late last year, RBC engaged a cross-section of customers, merchants, network operators, acquirers and RBC employees in an extensive road test. The participants were provided a smartphone and access to services - real and future - and their feedback has helped shape today's offering and will shape future capabilities of the RBC Wallet. "We will not bring anything to market until we are confident that we have the very best solution, which meets the needs of our customers, merchants and all other partners," added McKay.