Thursday, 13 May 2021 10:46

Eftpos commissions subsidiary Beem It to build its national QR code

By

Beem It says the QR code has the power to fundamentally change how payments are made in Australia. The QR code utility will help Australian merchants to create better experiences for its customers and potentially reduce costs.

Eftpos selects its subsidiary, Beem It, to build the company’s national QR code utility—starting immediately.

The new QR code payments capability, which will be offered by Eftpos, is expected to be in market as early as July 2021, with multiple merchants in trial.

Eftpos CEO Stephen Benton says that following a global tender process, Eftpos chose Beem It to build the QR code utility because of “its previous experience with QR codes in the Australian market, the strength of its team, and its familiarity with the Eftpos network.”



“It was great that we have the right expertise to build the new QR payments utility inside the Beem It team and we can get to work right away”, Benton says.

Benton says it is important because the “QR will provide Australian consumers and merchants with better data-rich payments experiences no matter where they choose to shop—online, on their mobile or at the checkout.”

“It is opportune because Australians are now very familiar with using QR codes for activities like Covid-19 check-ins”, and Benton claims “they are increasingly turning to new ways of shopping in the digital environment.”

Eftpos acquired Beem It, an Australian payments app, which “enables consumers to send and receive money using their phone in seconds, in November 2020 to help diversify the business and move further into the digital ecosystem.”

Both are designing the new national QR code utility to be low cost to facilitate incentives for merchants and consumers such as loyalty, offers, and receipts. The national rollout is expected to be completed in 2022. Merchants and consumers will connect to the utility using a unique QR code.

This enables consumers to initiate and transact securely with their preferred digital wallet. This innovative multi-interaction connectivity creates a new experience beyond payments, powered by Eftpos emerging application programming interface (APIs).

Ciaran Forde, acting Beem It CEO, says the build was an exciting opportunity It because Eftpos QR orchestration would help merchants create better experiences for their customers and potentially reduce costs.

“The opportunity to build piece of infrastructure that has the ability to fundamentally change how payments are made in Australia is an exciting one”, Forde notes. “Beem It’s app enabled a new way to pay and get paid, and we look forward to taking that approach to the world of merchant payments where there is immense undiscovered value for consumers and merchants.”


Subscribe to ITWIRE UPDATE Newsletter here

GRAND OPENING OF THE ITWIRE SHOP

The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.

ENTER THE SHOP NOW!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Kenn Anthony Mendoza

Kenn Anthony Mendoza is the newest member of the iTWire team. Kenn is also a contributing writer for South China Morning Post Style, and has written stories on Korean entertainment, Asian and European royalty, Millionaires and Billionaires, and LGBTQIA+ issues. He has been published in Philippine newspapers, magazines, and online sites: Tatler PhilippinesManila BulletinCNN Philippines LifePhilippine StarManila Times, and The Daily Tribune. Kenn now covers all aspects of technology news for iTWire.com.

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments