How mobile phones are changing how Canadians shop

Canada is on the brink of a mobile payments revolution that will empower consumers to turn their cell phones into “electronic wallets”–rendering plastic money, as we know it, obsolete.

Global payment giants Visa Inc. and MasterCard Inc. say emerging mobile payment technologies are not only poised to antiquate conventional credit and debit cards, but everything else we lug around in our wallets – including cash, loyalty cards, driver’s licences and coupons.
Those smart-phone technologies, currently being tested around the world, are being billed as a game-changer for the payments industry.
There is already pent up consumer demand, prompting some experts to predict full availability of mobile payments in Canada in about 18 months.

From the Toronto Star article