Business
eftpos buys Beem It – Finance – Software – iTnews
Smartphone payment service set up by major banks gets a new owner.
eftpos has bought Beem It, the instant payment service backed by three of the big four banks.
Beem It had its beginnings in late 2017 as an independent company backed by Commonwealth Bank, NAB and Westpac.
The app allows users to quickly send and receive money using their smartphones, regardless of who they bank with.
eftpos CEO Stephen Benton called the acquisition a “logical move” as eftpos “quickly moves into digital payments.”
It was a “key element to eftpos’ strategy to diversify and move further…
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