WATERLOO (Yosefardi) – BlackBerry Limited, a world leader in mobile communications, on Thursday (June 12) announced a new three-year agreement with EnStream LP, a mobile payments joint venture owned by Canadian wireless carriers Bell, Rogers and TELUS, to provide a secure platform that supports transaction services between leading banks and consumers.
Today the mobile payments space is primed for growth. According to Gartner, The total value of transactions using mobile technology is expected to grow from $35 billion in 2012 to $173 billion in 2017, at a compound annual growth rate of 31 percent. This projection includes merchandise purchases, ticketing and bill payments, while it excludes person-to-person payments and airtime top-ups.
Given its requirements for security, the mobile payments space continues to be an area of focus for BlackBerry. BlackBerry previously launched BBM Money in Indonesia, which allows BBM customers to transfer funds and conduct other types of financial transactions using BBM.