Are Canadians ready to enter the world of mobile payment?
Payments through mobile devices are creating new opportunities for technology-based organizations, looking to enter Canada’s small payments market, which generates $90 billion annually. Later this year Canadian’s will be introduced to Apple Pay, a simple and quick method of paying through your mobile device. This launch into the Canadian market has created a sense of urgency in this increasingly competitive space. With consumer demand for mobile payments growing, retail banks and policymakers are responding to this changing landscape.
