TD Canada Trust launches mobile payments service
14 May 2014 | 9714 views | 1
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."