Australia’s Fintech Shake-Up is Here! | TheFinRate 🚨💳 #fintech #stockmarket #finhabits #fintechnews

Added: 2026-05-25

[00:00:00]Big move in Australia's fintech space.

[00:00:03]A popular payments app is being sold.

[00:00:06]Australian Payments Plus is selling its consumer app Beam to fintech firm Bolt Group. The deal value not disclosed, but the impact definitely big. Launched in 2018, Beam has crossed 3 million downloads helping users to pay, request, transfer, and split money instantly. So, why is AP+ selling it? They want to focus on core infrastructure, the backbone of Australia's payment systems.

[00:00:29]This includes fast payment networks, debit card systems, digital identity, and bill payment services. Meanwhile, Bolt Group has bigger plans for Beam.

[00:00:39]They want to turn it into an all-in-one money app.

[00:00:41]>> [music] >> Think payments, savings, multi-currency, and even investing, all in one seamless experience. Fintech is evolving fast, and this is just the beginning. Follow The Fin Rate for more updates.