SEQR enters Germany
After last week’s launch in the Netherlands, the Swedish company Seamless’ (OMX: SEAM) and their mobile payment service SEQR is ready for the next country. SEQR, Europe's leading mobile payment service, is already available in six markets: the Swedish, Finnish, Romanian, Belgian, Portuguese and the Dutch. To these are Germany, Europe’s biggest economy with 81 million inhabitants, now added.
The mobile service SEQR works both in stores and online, but also by the service SEQR Shop Spot, which basically turns everything to a possible sales channel, by scanning a QR code from any surface. This can be done through an ad, digital banner, a physical product or a TV commercial.
- To enter the German market is an important step for us. SEQR Shop Spot has enabled us to accelerate the rollout of the service and offer more consumers the smartest mobile payment service on the market. This makes us independent of the big chains integration speed to install SEQR physically. SEQR Shop Spot is a unique service that has all the potential to revolutionize trade. It goes beyond the two traditional sales channels - physical stores and online - and instead make everything into a potential sales channel, says Peter Fredell, CEO of Seamless.
The technology behind SEQR enables merchants to lower the interchange fees significantly
compared to those charged by traditional card companies. Also for consumers, it is cheaper to use mobile payment. SEQR refunds up to 3 percent cashback on all purchases made with the service. With SEQR, consumers can also transfer money between each other without any additional cost.
SEQR works in Germany from today and consumers can from the start buy products from several well-known brands through SEQR Shop Spot. The roll out in Germany will continue indefinitely by connecting more and more physical stores and online retailers to SEQR.
For more information:
Jonas Larsson, press contact SEQR +46 70 108 86 68, firstname.lastname@example.org
Peter Fredell, CEO Seamless +46 8 564 878 00, email@example.com
This information is such information that Seamless Distribution AB (publ) is required to disclose pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instrument Trading Act. The information was released for publication on 17 March 2015 at 07.50 am (CET).
ABOUT SEQR, by Seamless
SEQR (se·cure) is Europe’s most used mobile payment solution in stores and online. SEQR enables anybody with a smartphone to pay in stores, at restaurants, parking lots and online, transfer money at no charge, connect loyalty programs, store receipts digitally and receive offers and promotions directly through one mobile app. Through the SEQR app, the user simply scans or taps a QR-code/NFC at check-out and approves the purchase by entering a PIN code. Fast, smooth and safe, SEQR’s payment solution enables merchants to lower interchange fees significantly compared to those charged by traditional card companies. SEQR’s unique transaction platform has been developed by Seamless, one of the world’s largest suppliers of payment systems for mobile phones.
Founded in 2001 and active in 26 countries, Seamless handles more than 3, 1 billion transactions annually through 525 000 active sales outlets. 6 200 merchants have chosen SEQR including the largest grocery chains, fast food chains and national retailer chains in the markets SEQR where is established. SEQR is established in Sweden, Finland, Romania, Belgium, Portugal and Netherlands. In 2013, SEQR won the Mobile Money Global Award for Best Mobile Money Deployment in Europe. Seamless is traded on Nasdaq OMX Stockholm, under the SEAM ticker. www.seqr.com