Clarification related to press release 2017-08-09 (”Seamless delivers contactless payment solution to a Hungarian Bank”)
In relation to the press release that was published at 08:50 CET 2017-08-09, Seamless wants to clarify that the agreement with one of the leading Hungarian banks means that the subsidiary MeaWallet enters into a new geographical market. Furthermore, the agreement provides proof that the mobile payment solutions market is developing in the direction that MeaWallet has positioned itself for. The total order value in addition to an agreed upfront fee of 1MSEK is currently unknown, but is estimated to be between 3 and 5MSEK. For further information, please contact:Lars Sandtorv, Head of