By removing the fees on domestic money transfers and increasing sending limits, the Zoompass Wallet brings us a step closer to realizing the vision of a cashless society.

"There is no cost to consumers for transacting with cash today, so in this sense we feel it's appropriate for us to remove the P2P transaction fees for the same transaction that could be done electronically through the Zoompass Mobile Wallet," said Robin Dua, President of EnStream LP.

"By removing the P2P fees when sending funds from a Zoompass account, we open up a whole new market opportunity associated with micro transactions," said Dua. Zoompass users can now pay back friends for a coffee, lunch or even the office lottery pool without incurring any fees. These everyday transactions can now be done electronically, more conveniently and at no cost via the Zoompass Mobile Wallet.

With recent changes to account limits, Zoompass Wallet users can also use the service for larger transactions. Zoompass users can now pay their nanny, send money to their kids off at university, or pay for their hockey league team dues all with just a few keystrokes on their mobile phone.