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‘Rogers Credit Card’ Coming Soon for your Mobile Wallet Says CEO

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Addressing Rogers’ shareholders at the company’s annual general meeting today, President and CEO Nadir Mohamed explained a Rogers credit card is coming soon, as a solution to carry one less card in your wallet and to “strengthen customer loyalty and retention.”

Below is an excerpt from his speech that focused on mobile commerce:

Third, mobile commerce…it’s a space we’re leading in…
Today the average Canadian carries 22 cards in their wallet….collectively we’re carrying 675 million pieces of plastic…

Your wireless device already acts as your phone, your camera, your computer…in the next five years it will act as your mobile wallet…

For you this means safely storing all your information in one place…from credit cards to transit passes…for Rogers it means a new business that leverages the trusted security of the SIM.…we’ve already partnered with CIBC and look forward to working with all of the other banks…

We’ve also applied for a bank license so we can offer a credit card to strengthen customer loyalty and retention…and of course the Rogers credit card would be one of many cards in the mobile wallet.…

Back in September of 2011, the carrier applied to become a Canadian bank and at the time noted it would enable the company to “pursue a niche credit card opportunity” in the future. The timeline on this looks to be fairly soon, probably in the next year or two.

Last fall Rogers and CIBC already implemented the first NFC mobile credit card transaction and future partnerships with other banks are planned, says Mohamed, who is set to retire in January 2014 with a retirement package worth $18.5 million.

Would you be interested in a Rogers credit card on your smartphone?

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