Telus and CIBC Launch Mobile Payments, But Don’t Expect iPhone Support Soon

Last October it was revealed Telus was set to unveil its own mobile payment service and today the company announced it has become a reality as they have partnered with CIBC.

“This partnership with CIBC offers TELUS customers simple but powerful new ways to make everyday purchases,” said Drazen Lalovic, vice-president of market planning, TELUS. “Our customers have told us they want an easy-to-use and secure way to pay using their mobile devices and today’s announcement is another step towards enhancing their mobile experience.”

CIBC credit card customers on Telus will be able to use their NFC-compatible smartphones to make mobile payments under $50, which include the Samsung Galaxy S4, SIII, Note II and HTC One, along with the BlackBerry Z10, Q10 and Bold 9900.

MasterCard data reveals 19 of the the top 25 merchants by volume accept contactless payments and currently over 250,000 payment readers are available in Canada.

Their survey also reveals of the 68 per cent of Canadians aged 18-44 who own a smartphone, 46 per cent have admitted interest in using a smartphone to make mobile payments.

When asked about when Telus iPhone users would have access to mobile payments, the a company spokesperson told us via email “iPhones don’t have NFC capabilities so it’s not in the current device line-up.”

Rogers and CIBC currently have mobile payment solutions available and along with Bell and RBC. Now we can add Telus and CIBC to the mix.