Seamless Enters into Agreement with Nordic Service Partners

  Seamless Enters into Agreement with Nordic Service Partners

Business Wire

STOCKHOLM -- December 13, 2012

Seamless (STO:SEAM) – listed on OMX Nasdaq – has received yet another order
for its mobile payments solution, SEQR. The new partner is Nordic Service
Partners Holding AB (NSP), which runs 55 Burger King restaurants and owns the
Taco Bar® trademark.

The agreement with Seamless means that NSP can avoid the high fees of the card
companies without making any investment. At the same time, the customers can
use a simple and convenient mobile payments solution, SEQR.

SEQR is a very simple app with which to make payments. All the customer needs
to do is scan in a QR code at the checkout and then approve the payment with
their chosen PIN.

“It feels great to work together with NSP in offering a payment solution that
is much faster, easier and more modern than that of the card companies. We’re
moving towards a situation in which it is commonplace for most things to be
concentrated in the mobile, and the ability to make payments via the mobile is
becoming quite normal,” says Peter Fredell, CEO and President of Seamless
Distribution AB. He continues:

“Our SEQR solution moves mobile payments to the next level, because the
solution is so simple that the retailers require no complicated installations
or expensive hardware. Furthermore, SEQR halves the transaction costs compared
with the costs for card payments.”

Seamless is already one of the world's leading providers of payment solutions
for mobile phones, and handles more than 3.1 billion transactions each year.
It is the company's unique transaction platform that makes SEQR possible.
Although the solution is based on a very sophisticated system, the retailer
does not need to invest in any extra equipment or hardware for the checkouts
to get started. Instead, when the customer chooses to pay with SEQR, the
retailer saves large amounts of money because the fee is much lower than all
other card payments and mobile payments.

The agreement means that Seamless will receive revenues from Nordic Service
Partners.

About Nordic Service Partners

Nordic Service Partners is one of Sweden’s largest restaurant companies, and
runs 55 Burger King restaurants in Sweden and Denmark. The company had sales
of SEK 623 million in 2011, has 1 826 employees and has been listed on Nasdaq
OMX Stockholm since 2008. NSP also owns the Taco Bar trademark and concept,
which involves around 20 franchise restaurants in Sweden.

www.nordicservicepartner.se

About Seamless

Seamless is one of the world's leading providers of payment solutions for
mobile phones, handling more than 3.1 billion transactions each year via
525,000 active sales outlets. Combined with over eleven years experience and a
presence in 26 countries, this gives Seamless a strong position in the market
for mobile payments. It is the company's unique transaction platform that
enables SEQR. Seamless is traded on Nasdaq OMX Stockholm, under the SEAM
ticker.

www.seamless.se

About SEQR

SEQR, developed by Seamless, is the fastest and easiest mobile payments
solution currently available on the market. The customer simply uses the SEQR
app to scan the QR code at the checkout and approve the payment by entering
their PIN. SEQR works just as well for physical transactions as for
e-commerce, and is both faster and more secure than card payments. The
technology behind the solution requires no investment by retailers – all that
is required is a QR code sticker at the checkout. The retailer then saves
money on every transaction because of the very low transaction fee.

www.seqr.se – Twitter:@seqrse – facebook.com/seqrse

This information was brought to you by Cision http://www.cisionwire.com

Contact:

Seamless Distribution AB
Peter Fredell, CEO
Tel. +46 (0)8-564 878 00
peter.fredell@seamless.se
or
SEQR, Seamless
Emil Wikström, Business Unit Manager
Tel. +46 (0)709-84 55 65
emil.wikstrom@seamless.se
or
Seamless
Olivera Andersson, Communications Manager
Tel. +46 (0)70-660 51 96
olivera.andersson@seamless.se
 
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