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TD Canada Trust launches mobile payments service

14 May 2014  |  9140 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
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....

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