Add Scotiabank as the latest financial institution to join EnStream, the mobile payments joint venture from Rogers, TELUS and Bell. The bank announced today it is the ‘first’ in Canada to offer mobile payments for both credit and debit cards on both Android and BlackBerry devices.
Scotiabank’s My Mobile Wallet has been updated to support EnStream, which means interested users can add their supported credit and debit cards to a supported device on any Big 3 network plus SaskTel.
Here’s what’s required to use Scotiabank’s My Mobile Wallet:
1. A Scotiabank VISA credit card with Visa payWave or ScotiaCard Interac-flash enabled Debit card
2. A data plan and eligible smartphone from Rogers Wireless, Bell Mobility, TELUS, Virgin Mobile or Koodo
3. One of the following 16 supported smartphones (iPhone is not supported):
- Samsung Galaxy S6 Regular and Edge
- Samsung Galaxy Note 4
- Samsung Galaxy Note 3
- Samsung Galaxy S5
- Samsung Galaxy S4
- Samsung Galaxy S4 mini
- Samsung Galaxy SIII
- Samsung Galaxy Note II
- BlackBerry Z10
- BlackBerry Q10
- BlackBerry Q5
- BlackBerry Z30
- BlackBerry Classic
- LG Optimus G2
- HTC One M8 (Rogers & TELUS only)
- HTC One M7
4. An NFC enabled SIM card from Rogers, TELUS, Bell, Virgin or Koodo
Scotiabank joins TD Canada Trust, Desjardins and PC Financial as the other financial institution partners of EnStream, which says a feature of the system is it “allows banks to maintain their direct relationship with their customers through their own banking or payment applications.”
Amis Ledas, EnStream COO, said in a statement “Global organizations are becoming increasingly aware that collaborative platforms are necessary for the growth of mobile payments. EnStream is proud that Canada is recognized around the world as an example of a market that is successfully bringing secure and consistent mobile payment services to market.”
Data shared by EnStream says mobile payments are now supported “by over 8 million smartphones in Canada”, while NFC SIM cards now stand at 4 million, doubling in number since the first six months of the year (some carriers only offer NFC SIM cards as standard now).
While these mobile payment solutions from banks can be seen as an added service, the requirements to use them are quite specific and tedious to implement. Apple Pay is rumoured to launch in late October or late November, and once supported by our financial institutions, it should allow seamless mobile payments for existing iPhone 6 (or newer) and Apple Watch customers.