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Canadian carriers to launch NFC payments ‘within six months’

Negotiations between Canada’s telecoms companies and banks are in the final stages and mobile network operator Rogers Communications expects to launch a mobile wallet service within six months, Reuters reports.

Rogers Communications

“In Canada, we are more ready than probably any country in the world,” David Robinson, head of Rogers’ emerging business team, told Reuters.

Twelve to fifteen percent of Canadian retailers already have contactless point-of-sale terminals, the report adds, and Enstream, the established joint venture between Canada’s mobile network operators, plans to launch its TSM platform this summer.

The carriers plan to charge a flat annual fee to banks for loading a card onto an NFC phone, says Reuters.

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