Aussie Bank led Apple Pay competitor “Beem It” officially launches

Category: News

Beem It quietly launched in both the Apple App Store and the Google Play Store earlier this […] May.

The app enables sending and receiving money, with an interface reminiscent of a social media app.

Comm Bank, Westpac & NAB (AKA the cry-babies that still wont implement Apple Pay) announced “Beem It” last October, a new platform that would enable users to pay one another with a new, modern user experience.

The app makes use of Australia’s Eftpos and Visa’s debit card networks to allow the funds to be transferred from one party to another.

Noticeably absent is Australia’s newly available New Payments Platform (NPP). A system that all banks in Australia now use and offers near-instantenous transactions. Beem It CEO, Mark Wood has said that NPP may arrive in the future however.

Australians will you Beem It?

Source: ​Big bank-backed Beem It launches Aussie payments app | ZDNet