A joint venture of Canadian carriers Rogers, Bell and Telus called EnStream is in final talks with the country's leading banks (likely CIBC, TD, RBC, Scotiabank and BMO) to bring a mobile wallet solution to the Great White North within six months. The system, which was demoed at the CWTA Wireless Showcase last September, enables mobile payments by storing a user's financial credentials on the SIM located inside their NFC-capable phone. It aims to replace credit and debit cards at first - perhaps even driver's licenses and loyalty programs down the road. Carriers plan to charge banks a flat rate instead of a per-transaction fee.
Engadget, EnStream to bring mobile wallet to Canadians, make loonies obsolete (video)
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