Australia’s giant trio banks launched new mobile payment app

Australia’s three big banks Commonweatlh, NAB and Westpac announced new mobile payment app called Beemit agaist Apple Pay and Google Pay.

Beemit is an innovative idea for instant mobile payment and backed by big three banks. It offers real time fraud monitoring. All you need is a valid australian identity proof and Visa/Master card. Beemit is startup backed by these three banks.

Using this app, you can pay, request and split your money and bills. You will assigned a unique QR code within app which is used for payment collection. It is easiest way of sending and receiving money. More features like bank and PayID integration is likely to be included in future.

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