Royal Bank of Canada and Visa Canada announced Thursday (Nov 1) they are testing technology that would allow people to use their cellphones as electronic wallets.
The bank and credit card company said they are launching an Ontario-based pilot project, to be conducted in three stages in 2008, that would allow consumers to simply swipe their phone in front of a scanner to make simple purchases.
The pilot program will begin with laboratory testing followed by two trials, one for RBC employees in early 2008 and another, larger trial later in the year with consumers.
