A great idea, but as a Canadian I've seen several systems like it come and go.
Mondex existed a decade ago and was a stelar system - you could load it up at a bank machine, or even at a payphone via the payphones built in card reader.
More recently, Bell Canada has a system in play called Dexit - unfortunately based on personal experience, the terminals at the retailers rarely work..if you actually find a retailer that supports it to begin with.
This system seems doomed to fail as well since it limited to supported cellphones.
Really, give us a keyfob or a chip embedded card...and then actually get retailers and banks onboard, and it'll work.
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A great idea, but as a Canadian I've seen several systems like it come and go.
Mondex existed a decade ago and was a stelar system - you could load it up at a bank machine, or even at a payphone via the payphones built in card reader.
More recently, Bell Canada has a system in play called Dexit - unfortunately based on personal experience, the terminals at the retailers rarely work..if you actually find a retailer that supports it to begin with.
This system seems doomed to fail as well since it limited to supported cellphones.
Really, give us a keyfob or a chip embedded card...and then actually get retailers and banks onboard, and it'll work.