NFC Times Exclusive: With its high rate of smartphone ownership, strong contactless-payment infrastructure and well-developed NFC ecosystem, Canada is increasingly seen as a market to watch for NFC commercial deployments.
UPDATE: Four major banks have already launched NFC commercially. In addition, a regional bank and telco have also launched NFC payments, the latter with a prepaid co-branded card. (See table.) END UPDATE.
Like another budding NFC-payments hotspot, Australia, Canada has a highly concentrated banking sector, and banks in both countries want to take advantage of the strong penetration of contactless point-of-sale terminals at merchant locations to roll out NFC.