Beem It offers cashback rewards through small businesses

By Olivia Gee · · 2 min read
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Person at the counter of a small business clothing store picking up a bag, shopping with Beem It for rewards.

Aussie online payment platform, Beem It, is introducing a new app component which allows shoppers to access rewards and special offers – plus the potential to earn cashback on purchases – when shopping with small businesses.

Beem It’s core offering lets users make secure instant bank account transfers, money requests and split payments without the hassle of swapping banking details. The new capability called Beem Rewards will be led by local businesses who sign up and create tailored deals for customers.

It’ll include a map view to help bargain hunters scout out local offers, and it’s all set to roll out in the first quarter of 2022.

Beem It chief executive Mark Britt said this addition to the digital wallet transitions its social payment functionality to one that also supports local businesses.

“After two really tough years, Aussies understand it’s time to back local businesses,” Britt said. “Beem Rewards gives businesses a potent new platform to connect with customers and foster better understood relationships.”

Digital wallets and banking apps in 2022

Digital wallets have taken off in the last few years, with a growing number of Australians ditching physical wallets in favour of virtual ones. 

Major tech companies and new players alike have introduced their own versions of smartphone enabled payment platforms. From Apple Pay to Google Pay, Samsung Pay and everything in between, there are a bunch of options to choose from depending on your mobile operating system and preference.

So you know the ins and outs of the main digital wallets available in Australia, we’ve prepared a guide to mobile payment platforms. And if you want to organise your finances on the go via your digital pocket pal, you may also want to investigate our favourite budgeting and savings apps.

Compare bank accounts - last updated 18 April 2024

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