Canada increases contactless transaction limit by 150%
Visa and Mastercard are increasing the contactless payment limit in Canada by 150%, from C$100 (US$70) to C$250 (US$176)... More
The Globe and Mail
Chinese mobile payment apps launch in Vancouver, Toronto
Chinese mobile payment apps launch in Vancouver, Toronto — The Globe and Mail — “OTT Financial Inc is working with Chinese Internet giants Tencent and Alibaba to introduce their mobile-payment infrastructure in Canada. The two apps, WeChat Pay and Alipay, are linked with users’ credit cards and allows them to make payments in renminbi, which is then converted to Canadian dollars before it’s transferred to merchants.”
Credit card networks in “standoff” with Apple in Canada
Apple’s decision to launch Apple Pay in Canada with just the support of American Express “had less to do with Apple’s strategy for entering Canada specifically, and more to do with a global push that aims to negotiate by credit-card network rather than bank by bank,” a source has told The Globe and Mail... More
TD Bank partners with Moven
Toronto-Dominion Bank is expected to announce a partnership with New York based banking app maker Moven to help its customers use their smartphones to keep track of every purchase they make, The Globe and Mail reports... More
Toronto restaurants offer mobile payments
Twenty upmarket restaurants in Toronto have signed up for mobile payments service Tab... More
Canadian banks move on NFC
Members of the Canadian Bankers Association reached agreement on Friday on how NFC mobile payments will be handled in Canada, says The Globe and Mail, opening the way for the first commercial deployments to take place... More
Starbucks m-payments for Canada
Starbucks is now accepting mobile payments from customers in Canada, reports The Globe and Mail... More