|
|
|
|
|
Beam Wallet Recognised for Technology Innovation Leadership by Frost & Sullivan
Published Mar 5, 2015
|
Beam Wallet, a pioneer in mobile commerce and rewards platform has been awarded the ‘Technology Innovation Leadership Award in Mobile Payment Services’ at the annual ‘Growth, Innovation and Leadership (GIL) 2015: Middle East’, by Frost & Sullivan. One of the few awards distributed within the IT sector by the global growth consulting firm, this accolade highlights the significant contribution Beam Wallet is making in delivering innovation in the Middle East.
Measured on performance through a process of independent interviews and unbiased industry research conducted by Frost & Sullivan, the award recognises Beam Wallet’s contribution in mobile commerce, which has revolutionized the retail experience with a world-class App that delivers unmatched benefits for both consumers and retailers.
Nadim Khoury, co-founder of Beam Wallet, said, “We’re delighted that Beam Wallet has been recognised for its transformative role so early in our evolution. There is no doubt of the innovation we are delivering to an industry that needs to move faster than its consumers to ensure survival and success. The future of retail is mobile – whether online or offline – and Beam Wallet helps businesses harness the potential of this with no additional investment, risk or complication to their everyday operations – it’s a no-brainer at every level.”
Speaking about the award to Beam Wallet, Satyajit Lele, Research Analyst, Best Practices, Frost & Sullivan said, “This award recognises the resolute efforts of the Beam Wallet team for creating an application through which users can make payments using their smartphones. This technology has the potential to make payment by cards a thing of the past. The unique feature of delivering rewards and offers straight into the hands of consumers and also connecting with them on a real time basis helps the company gain competitive advantage.”
The award comes early in Beam Wallet’s operation, which began less than 36 months ago. Offering convenience, security, and a completely contactless payment solution via smartphones to shoppers, Beam Wallet’s unique value proposition has already secured over 1,200 retailers and more than 100,000 active users in the United Arab Emirates (UAE) alone. Recent partnership announcements with retail giant Majid Al Futtaim and telecom provider Du will only serve to further boost these numbers, as the company embarks on an ambitious expansion programme across the Gulf Cooperation Council (GCC), Australia, and Sweden.
Frost & Sullivan's Best Practices Awards recognises companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and, extensive secondary research in order to identify best practices.
Posted by
VMD - [Virtual Marketing Department]
|
|
|
