CIBC and Bell today announced an agreement to launch the CIBC Mobile Payment App on Bell smartphones in the coming weeks.
CIBC was the first bank in Canada to deliver a mobile payment app to clients, and this expansion gives CIBC clients more choices for making everyday purchases with their smartphone, while giving Bell customers the widest selection in mobile payments from Canadian banks.
"Our clients want the opportunity to pay with their phone at their favourite retailer, and today's announcement with Bell means that we're putting this innovative technology into the hands of more CIBC clients," said Todd Roberts, Senior Vice President, Payments Strategy and Innovation, CIBC. "We believe 2014 will be a pivotal year for growth in mobile payments and we continue to invest in our leadership in this important market, including building strong relationships with wireless providers to make it easy for our clients to bank where, when, and how they like."
"Canada's fast growing mobile payment ecosystem is built around advanced wireless networks, a strong and innovative banking sector, and a national retail environment with more contactless sales terminals than almost any other country," said Wade Oosterman, President of Bell Mobility and Chief Brand Officer for Bell. "The addition of the CIBC Mobile Payment App offers Bell customers the most mobile payment choices available, and it's yet another way to take advantage of Bell's world-leading 4G mobile networks and smartphones."
Protected by multiple passcodes and with information stored safely on the smartphone's encrypted NFC SIM card, mobile payments are a secure way to make everyday purchases. Mobile payments using NFC (near field communications) technology are already accepted at thousands of popular retailers across Canada for purchases under $100.
The CIBC Mobile Payment App will be available to Bell Mobility customers for free download in the coming weeks from Google Play and BlackBerry World. CIBC clients will be able to use the app on the following devices:
Samsung Galaxy S4, Samsung Galaxy S III, Samsung Galaxy Note II, HTC One (M7), BlackBerry Q10, BlackBerry Z10, BlackBerry Bold 9900.