0
Wireless

Dubai-based mobile wallet app Beam prepares for global expansion

Monday 17 December 2018 | 09:59 CET | News

FREE webinar by Telecompaper on the Trends and Developments in the Dutch Telecoms market 2019Q2. Thursday 26th September at 15:00. Register now!

 UAE-based mobile payments platform Beam will expand into seven new markets in 2019, according to co-founder Shezan Amiji, reported CNBC. Since launching in the UAE in 2012, Beam has built a user base of approximately 1 million users, Amiji noted. In the next six months, Beam plans to expand into Belgium, the Netherlands, Luxembourg, Portugal, Ukraine, Azerbaijan and Uzbekistan.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Countries: Azerbaijan / Europe / Ukraine / United Arab Emirates / Uzbekistan
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Polish mobile payment system Blik to be implemented in UAE

Published 28 May 2019 10:22 CET | Poland
The Polish Payment Standard, in cooperation with DXC Technology, will implement the mobile payment system Blik in the United Arab ...

Du offers benefits with reservations for Samsung Galaxy S10

Published 25 Feb 2019 10:49 CET | United Arab Emirates
UAE-based operator Du is accepting advance orders for the new Samsung Galaxy S10 smartphones until 02 March. Customers who ...

Samsung Pay signs 5 new partnerships in UAE

Published 18 Feb 2019 10:57 CET | United Arab Emirates
Samsung Pay uses Samsung's patented Magnetic Secure Transmission (MST) system as well as with Near Field Communication (NFC). MST ...

Majid Al Futtaim acquires mobile wallet app Beam

Published 22 Nov 2018 14:20 CET | United Arab Emirates
UAE-based mall operator Majid Al Futtaim has acquired Beam Portal, the owner of UAE mobile wallet app Beam, Gulf Business ...

H&M invests in Klarna and integrates its payment platform in app and loyalty club

Published 08 Oct 2018 13:02 CET | Sweden
Swedish payments specialist Klarna has announced that Swedish-based, international fashion chain H&M has agreed to make an ...

Polish payment system Blik sees strong growth in Q2

Published 13 Aug 2018 17:00 CET | Poland
Polish Payment Standard (PSP), operating the payment system Blik, recorded further growth in the number of transactions via Blik ...

Uzbekistan's national bank plans to clear use of e-wallets

Published 17 Jul 2018 13:52 CET | Uzbekistan
Uzbekistan's national bank is currently preparing a draft law on the use of electronic wallets, reports Profit.kz. Every type of ...

MeaWallet signs contactless payments and Masterpass deal with Nordic bank

Published 14 Feb 2018 14:14 CET | Sweden
Invuo Technologies' MeaWallet arm said it has signed an agreement to supply its Mea Token Platform configured for MDES as well as ...

One in 4 Swedes abandons physical wallet in 2017, payment apps just as popular

Published 11 Jan 2018 13:18 CET | Sweden
One in four Swedes no longer carries cash and the preferred payment method is via card, said internet foundation IIS, citing ...

Mobile payments options expanding for UAE residents

Published 19 Jun 2017 14:46 CET | United Arab Emirates
In the last year several new mobile payment facilities have been started in the United Arab Emirates (UAE), allowing its ...

Wallet One launches e-payment service in Azerbaijan

Published 17 Jan 2017 11:11 CET | Azerbaijan
International payment system Wallet One has launched its multi-currency payment service in Azerbaijan, reports Trend. The system ...

Ukraine national bank bans 4 payment systems

Published 09 Nov 2016 16:48 CET | Ukraine
The Ukrainian national bank has issued a decision prohibiting the use of payment services under the Webmoney, Yandex.Money, Qiwi ...

Du signs deal with Beam Wallet

Published 09 Feb 2015 10:24 CET | United Arab Emirates
UAE-based operator Du has formed a partnership with Beam Wallet and Majid Al Futtaim Ventures in the field of smart retailing, ...