This week, CIBC updated its mobile payments app on Google Play to enable smartphone purchases. Hot on the tail of CIBC and Rogers, RBC and Bell today announced the upcoming availability of their own mobile payments solution.
CIBC's app is heavily restricted: the service is limited to Android users, specifically owners of the Samsung Galaxy S3—and only those who use that device on Rogers' network. Further, we've heard that only certain credit cards from CIBC are currently supported. Sadly, RBC's app will face similarly strict requirements—users must have Bell as their wireless provider—albeit with a wider range of devices, including the new BlackBerry Z10 and Q10.
"RBC is excited to team up with Bell to provide our mutual clients with an integrated mobile solution for debit and credit payments," says Dave McKay, Group Head, Personal and Commercial Banking, RBC Royal Bank. "This is the first piece of a broad RBC mobile commerce solution rolling out to clients this year, all delivering the great, robust user experience and the security that RBC is known for."
The new mobile payments solution could take up until the end of the year to launch.
"Canada's largest banking institution and Canada's largest communications company are working closely together to ensure reliability, security and ease of use in mobile commerce," says Wade Oosterman, Chief Brand Officer of Bell. "With RBC and Bell, mobile commerce just got better."
A recent CIBC poll conducted by Harris/Decima found 68 percent of Canadians between ages 18 to 44 say they own a smartphone and 46 percent of these owners say they are interested in paying for everyday purchases using their smartphone.