Seamless and SBAB Bank in mobile payment pilots

Seamless and SBAB, the Swedish state owned bank, is collaborating on mobile payments. The collaboration will initially take the form pilot projects with a number of retailers. As part of the project, SBAB Bank will be an integrated part as account holder in Seamless’ patent-pending solution for mobile phone payments.The platform, which has been developed by Seamless, will also be able to handle cost free, real time, money transfers between mobile phones. In Seamless’ mobile payment platform, SEQR, consumers scan a fixed QR code on the POS terminal to authorise the deduction of the purchase