Canada's credit unions announced this spring they will offer their members a new mobile payment service that uses Interac Flash, according to a press release.

Interac Flash is a contactless product from the country's debit network. 

Credit union members will be able to use their supported smartphones to make purchases directly from their savings or checking accounts at retailers displaying the Interac Flash logo.

"The Mobile Pay service will be an easy to use, convenient method of giving credit union members the option of purchasing on the go using their supporting smartphones instead of debit cards," said Martha Durdin, president and CEO of the Canadian Credit Union Association. "It is also another great example of how credit unions are using technology by working with industry leaders to make financial transactions easier."

The first four credit unions that will launch the Mobile Pay service are: Affinity Credit Union in Saskatchewan, Conexus Credit Union in Saskatchewan, First West Credit Union in British Columbia and Meridian in Ontario. Additional credit unions will introduce the service throughout the year, according to the announcement.