UAE, Cross-border
BusinessDiscoveryScience & Technology

Meet Beam Wallet, the App That’s Revolutionizing the Way You Shop

Consumers in the UAE are saying goodbye to cash or credit and hello to a smarter way to shop with help from an innovative new app. Based out of Dubai, Beam Wallet aims to revolutionize retail shopping with its secure mobile payment system compatible with all smart phone devices. Currently active at 1,120 retail outlets across the UAE, this ambitious young company plans to provide service to 5,000 stores by the end of 2015 while expanding across the MENA region and eventually into Australia and Europe.

Beam Wallet offers more than just a digital payment option to it’s current base of over 100,000 registered users. Unlike it’s competitors, this UAE-grown company provides a platform that simplifies the shopping experience by enabling consumers to shop, earn and redeem rewards simultaneously, while keeping track of expenses. What’s more, recently introduced Bluetooth Low Energy (BLE) Beacons make paying and redeeming with Beam completely contactless. With the Beam Business Portal, retailers can create their own targeted offers and discounts delivered directly to users via the App.

Co-founder Nadim Khoury started Beam Wallet in 2012 alongside friends and fellow tech enthusiasts Shezan Amiji and Serdar Nurmammedov. Born in the UK and raised between London and Dubai, Khoury chose to establish his company in the UAE because of “its well developed retail market, the region’s high smartphone penetration rates, mobile commerce development and … a population who love to shop.” Khoury views the Middle East and North Africa as a fast developing region with a lot to offer, and “the potential to foster and even export innovation, [thanks to] its young, connected, tech-savvy population.”

What do you think about this app? Did you create an app in the Middle East that you would like us to write about? Tag us on Twitter @BarakaBits and tell us about it!

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Shirin Wertime

Shirin Wertime graduated from the College of William & Mary in the US with a degree in Government and French & Francophone Studies. As a 2010 Boren Critical Languages Scholar she spent one year studying Arabic in Syria and Morocco. Her study of languages and passion for travel have taken her to over 20 countries. Shirin is particularly interested in the Middle East and North Africa given her Iranian-American background and time spent living and studying in the Arab world. She hopes to pursue an internationally focused career in the realm of development and/or sustainability. ​

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