Canadian telecomm giants invest in mobile payment apps

Canadian telecomm giants invest in mobile payment apps

Telus, Rogers, and Bell are following in the foot steps of other corporations such as Apple, eBay, and Google by introducing their own mobile payment apps.

The Suretap mobile app, which was only available to Rogers users, is going to go through some upgrades and a new and improved version is going to be released. Soon, wireless customers using Android or Blackberry will be able to pay at retailers that provide contact-less payment terminals.

Rogers, telus and bell logo invite in mobile payment

According to Forrester Research, the market for mobile payments could process $192 billion in transactions by 2019, and prominent tech companies Google, Apple and eBay are all looking to get a piece. Apple’s mobile payment system alone is already looking to be available at 1 million location by July of this year, and may even make it’s way to Canada as early as November.

It was only a matter of time until the major Canadian companies got themselves into the mix. Let’s see who will come out on top in this competitive and thriving mobile payment section of the tech industry.