Majid Al Futtaim Ventures Invests in Beam Wallet

Beam Wallet, a mobile commerce and rewards platform developed and launched in the UAE in 2012 – has announced a landmark investment from Majid Al Futtaim Ventures.  

The partnership marks a first-time entry into the fast growing tech industry for Majid Al Futtaim Ventures.

Beam Wallet’s smart mobile phone application targets consumers in the UAE, with more than 100,000 users and over 1,100 retail outlets using the mobile commerce platform.

Enabling Beam Wallet to scale operations locally, regionally and internationally, the investment also gives Majid Al Futtaim Ventures an equity stake in the platform.  Majid Al Futtaim’s core business is in shopping malls, retail and leisure.

Beam Wallet’s mobile platform gives businesses an additional marketing channel and the capacity to reward customers directly.  Consumers can make secure payments, accrue benefits, offers and rewards, while also keeping track of their budgets.

Luxury Superyacht app launches in the Middle East

The world’s leading luxury superyacht brokerage service, Yachting Partners International (YPI), has launched a new mobile app in the Middle East to enable wealthy individuals to book bespoke holidays at the touch of a button.

The app opens up a new world of astounding holiday experiences that cater to a customer’s every need. The yachts are kitted out with fully air-conditioned gymnasiums, private Jacuzzis and even helipads, a popular feature with executives flying in from abroad.

Accessible through the app is the world’s first live interactive dedicated yacht search, Yachts Around Me, based on yachts’ real-time location. The filterable search feature allows users to find out more about the yachts they see around them or yachts they specifically would like to know more about. Users also benefit from stunning photo galleries of a yacht, along with details indicating whether the vessel is available for charter or sale.

The app presents an overview of luxury yachting including the locations, the yachts and how luxury yacht charter works. It includes features, interviews and easy-to-understand beginners’ guides together with recommended exclusive holiday destinations, itineraries and yacht galleries.

The app is now available on both the Play and App store for free download.