Mobeam Surpasses 10 Million Mobile Barcode Transactions at Retail Stores Globally

News provided by

Dec 19, 2014, 06:00 ET

PALO ALTO, Calif., Dec. 19, 2014 /PRNewswire/ -- Mobile commerce leader Mobeam announced that its light-based mobile commerce technology has powered over 10 million mobile barcode transactions in the past eight months in over 200 countries and territories. Mobeam's patented technology allows consumers with devices that are enabled with its technology to instantly transmit loyalty cards, coupons, gift cards, tickets, and vouchers from their smartphones to all Point of Sale (POS) scanners at retail stores without any hardware or software upgrades. Without Mobeam's technology, laser scanners, which make up the vast majority of scanners in the market today, cannot scan barcodes from mobile devices because of the reflective screen and the powerful backlit display. Mobeam's patented technology provides the first solution for this device-to-scanner communication barrier by converting barcoded information into beams of light that can be read by any scanner. Now, with over 140 million smartphones enabled with its technology, consumers, manufacturers, Consumer Packaged Goods (CPG) companies, and retailers alike are benefiting from a seamless mobile shopping experience that works at every location.

"Processing 10 million transactions in such a short time signifies that our technology has surpassed a critical adoption threshold and is now being embraced as part of consumers' normal, in-store mobile shopping behavior," said Kang Lee, President and CEO of Mobeam. "We're seeing high volumes of digital coupons, loyalty & rewards cards, and gift cards being used at stores, as we work with the leading retailers, brands, and CPG companies to target consumers and drive in-store sales for them."

Today, Mobeam's technology is showcased in Beep'nGo, its top-ranking shopping app on the Google Play store. Beep'nGo, which launched this past April, has already surpassed 7 million downloads and is establishing itself as the go-to app for consumers in North America to get the best discounts, offers, and coupons from leading retailers, brands, and CPG companies. In addition, Beep'nGo users around the world can store their favorite loyalty, membership, gift cards, and tickets inside Beep'nGo to use at stores and venues everywhere.

For owners of Samsung Galaxy S4, S5, Note 3 or Note 4, click here to download the Beep'nGo application from the Google Play store. For more information on Mobeam, visit: www.mobeam.com.

To watch a "How It Works" tutorial of Mobeam's technology, visit: http://www.mobeam.com/how-it-works.

About Mobeam

Mobeam, Inc. is transforming mobile commerce with its unique and patented light based communications technology. Overcoming the technical barrier preventing mobile phones from interacting with laser scanners at checkout, Mobeam's technology provides universal access at Point of Sale (POS), enabling the transmission of coupons, loyalty offers, gift cards, tickets and other barcode data at retailer stores worldwide. Mobeam's technology creates new capabilities for existing mobile phone designs, and requires no changes to retailer POS infrastructure. The company was recently named one of the hottest technology companies in San Francisco for 2013 by business research firm Lead411. Mobeam also took second place in CTIA's 2013 E-Tech awards for Payments, Banking, Mobile Commerce, Shopping and Rewards. Mobeam is headquartered in Palo Alto, California. For more information, visit www.mobeam.com.

Twitter: @beepngo and @mobeam

Facebook: facebook.com/beepngo and facebook.com/getmobeam

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mobeam-surpasses-10-million-mobile-barcode-transactions-at-retail-stores-globally-300012405.html

SOURCE Mobeam