Canadian credit union association Desjardins Group has inked a deal with telco-owned mobile commerce venture Enstream that will see members able to download payments cards to their NFC-enabled phones.
The agreement means Desjardins members will be able to make low value in-store payments with the tap of a handset, whether they are on the Bell, Rogers, Telus, MTS or SaskTel mobile network.
UK mobile money specialist Monitise has been called in to help develop the NFC-enabled mobile payment application, which will be launched next year.
Patrice Dagenais, VP, payment solutions and business partnerships, Desjardins Card Services, says: "We are pleased to soon be able to offer our members and clients a mobile payment solution that is not only reliable and efficient, but also very accessible, because it will be supported by several mobile telephone providers."
Drazen Lalovic, VP, market planning, Telus Communications, adds: "From an overall industry perspective, EnStream reduces industry complexity and costs; once integrated into its platform, an issuer is able to leverage Enstream to access the secure element services of all its member operators."