Credit Association Partners with EnStream for Canadian Mobile Wallet (Aug. 14, 2013)
Aug. 14, 2013
EnStream, the mobile payments joint venture between Canadian telecom providers Rogers Communications, Bell Corp. and TELUS Corp., has inked a deal with credit union association Desjardins Group to enable Desjardins’ banking customers to add payment cards to NFC-enabled smartphones. Under the partnership, Desjardins can offer its own branded banking app that’s compatible with the mobile networks of all EnStream providers. The association has contracted Monitise plc to develop and deploy the payment app, which Desjardins plans to launch in 2014.
“EnStream’s platform works seamlessly across Canada’s financial institutions and wireless providers,” said Almis Ledas, COO of EnStream. “This gives credit, debit, loyalty and other card issuers the ability to securely deliver credentials to all enabled smartphones in Canada through a single service and business relationship.”
Last year, EnStream sold its Zoompass money transfer and payment service to Toronto-based financial services technology provider Paymobile Inc. At the time, the consortium said offering its own standalone payment service was “no longer required for us to fulfill our mandate.” Instead, EnStresm said it would focus on supporting payment industry operators in developing NFC-based mobile solutions.
