EnStream LP, a joint venture owned by Canada's three major wireless carriers, has developed a service that consumers can use to send each other money with their mobile phones.
The Zoompass service is available now to customers of Bell Mobility, Rogers Communications Inc. Telus Corp. and carriers that are affiliated with them, EnStream said Monday.
After downloading an application to their phones, users can transfer funds to and from prepaid Zoompass accounts, which can be funded with bank accounts or credit cards.
Users can also manage their Zoompass accounts and initiate transfers online, and they can make purchases using a linked MasterCard-branded debit card.
"Zoompass represents an important milestone towards developing a mobile commerce ecosystem in Canada," Robin Dua, EnStream's president, said in a press release.