Canadian Mobile Payments Primer, The

This Financial Insights report examines the state of mobile payments in Canada. The report briefly reviews the history of mobile payments in Canada, builds a definition of mobile payments, reviews the major players who have a role in the adoption of mobile payments, and looks at the future potential of this service.

"As mobile phone functionality grows, there is opportunity for mobile payments to be the next major new payment method to be adopted by Canadian merchants and consumers,"says Robert Burbach, senior research analyst, Canadian Financial Services, Financial Insights."However, this widespread adoption depends on the ability of all the key players to work together to create a cohesive, convenient, and user-friendly system."