TD Canada Trust today announced TD Mobile Payment, an app that enables customers to pay for everyday purchases with their smartphones, according to a press release from the bank. Bell, Rogers and TELUS will offer the app on their respective smartphones.

TD Canada released the app on the heels of a recent consumer poll that showed displeasure with the current shopping experience using cards and cash. Some 76 percent of respondents were annoyed by shoppers attempting to use multiple credit and debit cards, while 71 percent become annoyed by people who couldn't find their payment cards. Additionally, 63 percent have no time for shoppers who fumble through their wallets for exact change.

"We're proud to be the first bank in Canada to offer a mobile payment solution with Canada's three major wireless networks, on a variety of devices," Rizwan Khalfan, senior vice president of digital channels for TD Bank Group, said in the press release. "We know our customers want more convenient ways to pay. Our research shows that more than half of Canadians are already comfortable using their smartphones for everyday purchases. TD Mobile Payment, which is embedded in the TD mobile app, makes it simple, fast and easy to pay for things like your morning coffee."

Embedded in the TD mobile app, TD Mobile Payment leverages Near Field Communication to make safe and secure contactless purchases with Android or BlackBerry mobile devices at Visa payWave enabled merchant point-of-sale terminals. The TD mobile app is the most downloaded banking app in Canada with more than 2 million users, according to the press release.

TD Mobile Payment keeps TD customers' credit card information safely encrypted on a specialized NFC SIM card within the mobile device, the bank said in a statement. The TD mobile app also offers a personal passcode to access TD Mobile Payment, adding another layer of protection.