SEQR gets its first MTL in US
Seamless’ (OMX:SEAM) mobile payment service SEQR, which a couple of weeks ago launched its mobile payment services in US, allowing users to pay with their smartphones at retail and online merchants, now acquires its first Money Transmitting License in the state of Missouri.
The company has during the past years structured several strategic partnerships in US, while integrating its platform to the US Banking ACH system. This allows the company to offer its merchants and users a significantly enhanced shopping experience, driven by increased transaction speed, increased loyalty, lowered fraud and significantly lower cost associated with the transaction. Now it’s time for the next step in the roll-out through obtaining the first MTL.
“It’s a great step that we have the first MTL in place as the MTLs allow us to offer the full range of features also on the US market. For example MyShop which enables the user to create and distribute their own classified ads in addition to use SEQR P2P services, which works both nationally and internationally, and simplifies the everyday life of millions of Americans” says Peter Fredell, CEO of Seamless.
“We are excited together with our partners and clients to further strenghtening our product offering in US. This important step in our expansion, positions ourselves as a true leader in the Mobile Payment Solution space,” says Daniel Bessmert, GM of SEQR USA.
During the past year Seamless prepared and submitted MTL applications for a majority of the states. Now, with the first MTL being approved the expectations are that the rest of them will be approved within the next coming twelve months.
For more information:
Daniel Bessmert, General Manager SEQR USA +1 718 8792169, daniel.bessmert@seqr.com
Peter Fredell, CEO Seamless +46 8 564 878 00, peter.fredell@seamless.se
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 01 July 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 where SEQR is established. Currently SEQR is established in Sweden, Finland, Romania, Belgium, Portugal, Netherlands, Germany, Spain, France, Italy, UK and US. 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