Telus to launch mobile payment service on 4 February, local media says

Canadian telecommunications company Telus will launch its mobile payment service on 4 February, according to local media.

Canadian news website mobilesyrup.com said it had been tipped off on the launch date.

The launch partner for Telus will be Canadian financial institution CIBC.

The m-payment service will enable users to purchase small ticket items, likely under $50, with an NFC-enabled smartphone.

The customer will need also an active voice and data-plan, as well as a CIBC credit card and the CIBC mobile payment app.

The customer will then be able to start using its device at any merchant that has a MasterCard PayPass or VisaPayWave point of sale.

The eligible devices in this first phase will be Samsung Galaxy SIII, Samsung Galaxy S4, Samsung Galaxy Note II and the HTC One.

Telus is planning to expand its range in the future by launching additional devices with multiple banking partners.

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