Canadian Desjardins to offer members and clients an easy to use and secure contactless mobile payment application
Monitise, provider of mobile money solutions, has announced an agreement with Desjardins Group, a top Canadian cooperative financial group, to develop and deploy near field communication (NFC) mobile payment capabilities to its members and clients.
The agreement with Monitise will allow Desjardins to offer its members and clients an easy to use and secure contactless mobile payment application. Through the agreement, Monitise will develop the NFC-enabled mobile payment application for Desjardins in collaboration with their trusted service manager (TSM), EnStream, a joint venture between Canada's major mobile network operators.
The technology will allow Desjardins members and clients to make purchases at Canadian retailers securely and conveniently using their smartphone.
Said Patrice Dagenais, vice president, payment solutions and business partnerships at Desjardins Card Services: 'We are pleased to soon be able to offer our members and clients a mobile payment solution that is not only reliable and efficient, but also very accessible, because it will be supported by several mobile telephone providers.'
Added Lisa Stanton, president of Americas for Monitise: 'With our banking industry expertise, we are helping Desjardins expand its mobile offer by developing a cutting edge contactless payment solution. The delivery of NFC capabilities for Desjardins highlights our continued momentum in expanding our offering in the areas of payments and commerce, cementing the role of the financial institution at the centre of the mobile money ecosystem.'
The mobile payment solution, which will be launched in 2014, is the first step towards enhancing Desjardins's mobile payment offer.
The development of this new mobile payment solution is in line with the Canadian mobile payment guidelines announced in May 2012 by Desjardins and the major Canadian banks.