New Mobile Payment Service Launched in Canada

Canadian mobile payment vendor, EnStream has launched a money transfer service, Zoompass that gives customers a fast and convenient way to send and receive money securely using their mobile phone. EnStream is jointly owned by Bell Canada, Rogers and Telus - Canada's three leading wireless operators.

"The launch of Zoompass represents an important milestone in financial services that makes the mobile phone the central device consumers use to transfer money and make purchases," said Robin Dua, President of EnStream. "The Zoompass mobile service ushers in a new era in electronic payments that addresses a growing desire to move money quickly and easily between friends, family, and merchants." Zoompass makes it easy to split a lunch bill, request money from parents, collect sports team fees, solicit money for a co-worker's gift, or even pay a babysitter - right from a mobile phone. With the groundbreaking launch of Zoompass, Canadians nationwide can expect to hear more people ask one another "Do you want me to Zoom you the money?"

Canada's three largest wireless phone companies decided to collaborate and launch the Zoompass service together with the vision that a common standard and interoperability for mobile money transfers across all networks. The Zoompass service is available to mobile users on the Bell, Rogers, and Telus networks as well as customers of their respective sub-brands and affiliates including Fido, PC Mobile, and Solo.

During the registration process, users must choose a secure Personal Identification Number (PIN). Every Zoompass transaction is PIN-protected, amd customer financial information is stored on secure servers, not on the mobile phone, so even if the phone is lost or stolen, the user's Zoompass account remains secure.

The Zoompass application also interfaces with the address book on select phones, allowing users to send or request money from their contact list.

"We are thrilled to deliver on Canadians' increasing desire to transfer money quickly and securely, and from anywhere, anytime," added Mr. Dua. "The launch of Zoompass represents an important milestone towards developing a mobile commerce ecosystem in Canada that provides users a convenient mode of doing everyday transactions with their phone."

Posted to the site on 15th June 2009