24 May 2015

TD Canada Trust launches mobile payments service

14 May 2014  |  8227 views  |  1 Woman sitting in mall texting

TD Canada Trust has launched a mobile payment service which can be used across all three major Canadian wireless networks.

TD Mobile Payment is available on the Bell, Rogers, and Telus networks. The app uses Near Field Communication (NFC) to make contactless purchases with Android or BlackBerry mobile devices at Visa payWave merchant point-of-sale terminals.

TD claims its mobile app is the most downloaded banking app in Canada with more than two million users.

Rizwan Khalfan, senior vice president, digital channels, TD Bank, says: "We know our customers want more convenient ways to pay - our research shows that more than half of Canadians are already comfortable using their smartphones for everyday purchases. We've found that Canadians value a quick checkout, which made sense given the growth and popularity of our mobile app and the increasing number of retailers using NFC."

Comments: (1)

A Finextra member | 14 May, 2014, 14:54

The TD Mobile Banking application is very, very good. Alas, having an iPhone does not allow me to try the Mobile Payment application. 

ps. time to mix up the stock photos! That was was used for the Vodafone story the other day....

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

11 December, 2013
07 November, 2013
18 July, 2013
10 May, 2013
21 March, 2013
11 July, 2012
15 May, 2012
29 March, 2012

Related company news

 

Top topics

Most viewed Most shared
Cash overtaken by non-cash payments in the...
6832 views comments | 48 tweets | 31 linkedin
UK opts out of European online payments se...
6033 views comments | 19 tweets | 15 linkedin
MasterCard launches personal payments serv...
5940 views comments | 15 tweets | 28 linkedin
US banks bid to crack down on 'card cracki...
5560 views comments | 8 tweets | 10 linkedin
Metro Bank to offer consumer loans via Zop...
4802 views comments | 29 tweets | 21 linkedin

Featured job

Basic £90-110K OTE circa £200K NO CEILING
London based with substantial travel in Scandinavia

Find your next job