Toronto-based EnStream LP, a mobile commerce joint venture company owned by Bell Mobility, Rogers and TELUS, has launched Zoompass, a mobile money transfer and payment service. The service is enabled through the Zoompass application on the mobile phone. The technology combines an easy-to-use interface with an integrated contact manager for sending and receiving money, as compared to payment through cash, cheque, or wire transfer.
Robin Dua, President of EnStream, said: “The launch of Zoompass represents an important milestone in financial services that makes the mobile phone the central device consumers use to transfer money and make purchases. The Zoompass mobile service ushers in a new era in electronic payments that addresses a growing desire to move money quickly and easily between friends, family, and merchants.”
EnStream LP is engaged in the development of standardized, secure, and easy-to-use mobile commerce services that work across Canadian wireless carriers and with existing credit, debit, and prepaid capabilities offered by banking and financial institutions.
