Beem vs Owesum

A digital wallet that does more than store. With Beem you can pay, request, transfer and split money – plus earn rewards and keep your loyalty and gift cards – all in one place. It’s easy, secure and free to download. ---------------- One wallet. Many possibilities. Say goodbye to the bulky, chuck in your bag retro wallet, and say hello to a shiny, new, all-in-one app that does more than store cards. Pay people. Not accounts. We facilitate payments, but we’re not a bank. Beem syncs up to your contacts, so you flick it over, divvy it up or call it in with anyone in your network. No bank details needed. Split the bill. Not friendships. Track and split expenses between mates without any chasing or awkward convos. You can even create multiple groups for friends, family or workmates. Just enter the amount, we calculate who-owes-what, and everyone settles up. Quick, easy, and all in the app. Get cashback. When you spend. Unlock more value with online and in-store offers via Beem Rewards. Shop in-person with your linked cards or online via the app and watch your savings grow. BPAY® on Beem. Easy as. Master your bills in moments. With BPAY built-in, you know where your money is going and when it’s going to land. Maximise loyalty. Store in one place. Time to declutter all the plastic, punch cards and apps. Beem digitalises all your loyalty cards together in one place. Less risk. More reward. Do you know what present everyone really loves? Choice. Buy and send a personalised gift card from your wallet to theirs. ---------------- The fine print Digital Wallet Pty Ltd ABN 93 624 272 475 (Digital Wallet) AFSL 515270 is the issuer and provider of the Beem facility. Before downloading the app, please consider the Product Disclosure Statement and Terms and Conditions, available at beem.com.au. References to 'Beem' or 'Beem It' are used interchangeably. Any financial product advice, incidental or expressly, provided by Digital Wallet is general advice only. This advice has been prepared without considering your objectives, financial situation or needs, you should, before acting on it, consider if Beem is appropriate for your circumstances. To make or receive a payment through Beem, a valid Visa or Mastercard debit card attached to an Australian bank account is required. T&Cs apply. Beem Rewards and Beembucks have no monetary value. Any value assigned and any redemption is at the sole discretion of Digital Wallet. You have no entitlement to Beem Rewards and Beembucks until Digital Wallet has notified you that Beem Rewards have a value, you have accumulated more than AUD$10 in Beembucks notified value and you have requested redemption. Please read the PDS and T&Cs, Privacy Policy and Beem Rewards T&Cs.

Owesum keeps track of who paid for what and works out who owes whom. Dinner, a weekend away, the shared house shopping, the weekly badminton court hire. Somebody pays, everybody owes a bit, and nobody wants to be the person doing sums at the end. TWO THINGS MOST OF THESE APPS CANNOT DO People who never install it still count. Add someone by name and split with them straight away. They do not need the app, an account, or an email address. When they hand you cash, mark it received. If they install it later, their whole history comes across. It handles clubs, not just trips. A regular session with the same people, per-person rates for members and visitors, money paid up front and drawn down over weeks, and more than one organiser who can record what people have paid. Built with a real badminton club, because none of this fitted an app designed around holidays. NO SIGN-UP Open it and start. The app makes an account for you, so there is no form, no password and no email to verify. Add an email later if you want to get back in on a new phone. SNAP A RECEIPT Point your camera at a receipt and the app reads the total and the shop name using your phone's own document scanner. Receipt photos are read on your phone and are never uploaded anywhere. SPLIT HOWEVER YOU ACTUALLY SPLIT Evenly, by exact amounts, by percentage, or by shares when one person had the steak. Anyone can record a repayment, including the person who is owed, so a debt settled in cash does not sit there for weeks. EVERYONE SEES THE SAME NUMBERS Balances update for the whole group at once, and the app works out the smallest set of payments that clears everybody, so four people owing each other in a circle becomes one transfer instead of six. WHAT IT DOES NOT DO It does not move money. There is no wallet, no card, no bank connection, and no fee. It is a record of money that changed hands somewhere else, which is also why there is nothing to lose if you stop using it. Made in Australia.