{"id":7347,"date":"2018-05-29T09:10:41","date_gmt":"2018-05-28T23:10:41","guid":{"rendered":"https:\/\/reckoner.com.au\/?p=7347"},"modified":"2018-05-29T09:14:50","modified_gmt":"2018-05-28T23:14:50","slug":"aussie-bank-led-apple-pay-competitor-beem-it-officially-launches","status":"publish","type":"post","link":"https:\/\/reckoner.com.au\/news\/aussie-bank-led-apple-pay-competitor-beem-it-officially-launches\/","title":{"rendered":"Aussie Bank led Apple Pay competitor “Beem It” officially launches"},"content":{"rendered":"
<\/p>\n
Beem It quietly launched in both the Apple App Store and the Google Play Store earlier this […] May.<\/p>\n
The app enables sending and receiving money, with an interface reminiscent of a social media app.<\/p><\/blockquote>\n
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.<\/p>\n
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.<\/p>\n
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<\/em> CEO, Mark Wood has said that NPP may arrive in the future however.<\/p>\n