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App of the week – nTrust

App of the week – nTrust

nTrust Brings Mobile Payments to Canada

nTrust

When it was announced, Apple Pay attracted a lot of interest and curiosity. Consumers

and merchants alike saw it as a convenient way to pay and receive payment.

Unfortunately, Apple Pay hasn’t made its way to Canada and while Canadian banks are

getting closer to negotiating a successful launch this fall, the timeline remains uncertain.

While we’ve been patiently waiting to see Apple Pay in action, a Canadian start-up has

created an app that brings the mobile wallet to our fingertips.

 

Based in Vancouver, nTrust offers users mobile payments and money transfers right from

their mobile devices. To use nTrust to make payments or transfer money, a user simply

needs to transfer money into their nTrust account from their bank account and use the

app’s payment and transfer functions. Essentially, the service moves a user’s funds to the

cloud to facilitate moving money around and making payments instantly. The nTrust app

can be used to pay for goods and services at participating merchants and transfer money

to friends and family locally or overseas.

 

Merchants accepting payments using nTrust will receive payments in real time as

consumers make payments. When a payment goes through, the merchant is notified that

they’ve received the payment. For merchants, the best part of using nTrust is that there is

no sign-up fee or contract. In fact, processing the first $10,000 is free for merchants.

After that, a 1% transaction fee is charged to process payments through nTrust.

 

When it comes to security, nTrust has passed rigorous testing and is certified to the same

standard as Canadian banks. In many cases, nTrust not only meets international banking

standards but exceeds them.

 

With nTrust expanding its network of participating merchants every day, it might just

give Canadian consumers and merchants a taste of mobile payments before Apple Pay

makes it across the border.

 

iOS, Android | Free


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