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.
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.”