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Rogers, Telus and Bell to Launch EnStream ‘Mobile Wallet’ Within Six Months

Canada’s ‘Big 3′ carriers are set to launch a ‘mobile wallet’ in the next six months, according to a report from Reuters. The business team at Rogers confirmed a launch within the next six months (note: last September Rogers applied to become a ‘bank’ to ready themselves for a future payment solution):

“In Canada, we are more ready than probably any country in the world,” said David Robinson, who heads the emerging business team at Rogers Communications Inc., the country’s largest wireless provider. He expects to launch a “mobile wallet” within six months.

According to the report, Canada leads the globe in mobile contact-less readers per capita with 12-15% of retail outlets already having them installed, notes Almis Ledas, the COO of EnStream. The company is a joint venture between Canada’s ‘Big 3′ carriers. They plan to launch a system to connect with Canada’s big banks this summer, according to sources:

Several people involved in negotiations between the telecom companies and the banks say Rogers and Canada’s two other major carriers – BCE Inc’s Bell Canada and Telus Corp – are in the final stages of talks.

EnStream has already launched a mobile payment solution called Zoompass, which allows for money transfers via Interac, Western Union, and the option of a prepaid Zoompass MasterCard. Early feedback by users in iTunes has rated the Zoompass app as “a waste of time” and “a complete failure”.

The only concern with a digital wallet would be to convince consumers to adopt using their phones as payment systems. Most likely, carriers would attempt to entice users by piggybacking off loyalty programs offered by banks and other payment institutions.

There has been endless speculation of an NFC-enabled iPhone upcoming to compete with the likes of Google Wallet.

Canada clearly has digital payment solutions in mind. Earlier in April, the Royal Canadian Mint invited developers to come up with a digital payment solution for their MintChip technology. It was reported in March Canada’s ‘Big 5′ banks are already racing to release ‘photo-chequing’ capabilities from the iPhone.

Would you be keen on using your iPhone as your wallet?

[via The Globe and Mail]

Founder and Editor-in-Chief of iPhoneinCanada.ca. Follow me on Twitter, and @iPhoneinCanada, and on Google+.

  • Londonfish

    Not a good idea for safety, iPhone is already a target, I for one won’t use this for sure but will still be a target, will play ess Angry Bird in the public! Ironically my wallet now has less important personal info than my iPhone, which also costs more than my plastic wallet.

  • Mikef2007

    Sign me up!

  • Codeblue009

    rogers also known as ROBBERS wants to get a hold of our bank accounts….no kidding. I wouldn’t really trust them(or the other two bell / telus) with my payment system….always making mistakes on your  phone(or wtv service) bill, CS Rogers: “oh you only meant to pay us 100$ instead 1000$, ill go fix that -*CLICK*-” 
    so it probably wont be used for large payments at first but u get the point.

  • Lana

    Since I can remotely wipe my phone if it were to be compromised- hells yes I’d use my iPhone as my wallet! I’d love to get rid of all the cards and just be able to pull up an app on my phone. But they’ve gotta come up with a way to get a chip installed in the phone for proximity reading.