Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Rogers to Offer Credit Card to Customers, CEO Says

Aug. 22 (Bloomberg) -- Rogers Communications Inc., Canada’s largest wireless operator, will introduce a credit card for its customers “shortly,” Chief Executive Officer Nadir Mohamed said in an interview.

“It is very much a loyalty program that we have in mind,” Mohamed, 57, said today during an interview at Bloomberg News’ Toronto office. “We know from looking at other industries that the credit-card business in itself is a growth opportunity for the company.”

Rogers received approval from Canada’s Ministry of Finance May 3 to operate as a bank, a step required to becoming a credit-card issuer. The firm, based in Toronto, applied in September 2011 for a bank license, primarily to focus on card services.

Mohamed wouldn’t say if Rogers would collaborate with another bank on its card offering, which is still going through the regulatory process.

“You will see everything unfold as we’re ready to make announcements,” he said, adding that the time would be “shortly.”

To contact the reporters on this story: Doug Alexander in Toronto at dalexander3@bloomberg.net; Hugo Miller in Toronto at hugomiller@bloomberg.net

To contact the editors responsible for this story: David Scheer at dscheer@bloomberg.net; David Scanlan at dscanlan@bloomberg.net; Christine Harper at charper@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.