CIBC becomes first Canadian bank to adopt new smartphone payments

While Apple Pay may grab the headlines there are other options available in the world of mobile payment solutions and CIBC has become the first Canadian bank to sign up to ‘suretap’ open wallet. The mortgage lender launched the first mobile banking app 5 years ago and began offering mobile payments in 2012 but this latest development expands on that to allow smartphone users across multiple platforms and wireless carriers to use the new payment facility. CIBC sees expanding mobile payments onto open wallets as a significant opportunity to enhance the client experience and drive growth.