SEQR introduces mobile payments in Romania – Seamless and Garanti Bank sign production agreement for SEQR

  SEQR introduces mobile payments in Romania – Seamless and Garanti Bank sign
  production agreement for SEQR

Seamless is performing the first international roll-out of SEQR. Garanti Bank
– one of Romania’s most progressive and innovative banks, and Seamless, have
concluded a production agreement for rolling out the SEQR mobile payment
solution in the Romanian market. The agreement makes Garanti Bank the first
bank to introduce SEQR and allows Seamless to start receiving revenue as soon
as Romanian customers start using SEQR for payments.

Business Wire

STOCKHOLM, Sweden -- May 29, 2013

Seamless and Garanti Bank have completed a pilot project putting in place a
range of services and packaging for mobile payments and completing all the
necessary integrations. The collaboration will enable SEQR to be rolled out in
the 21.5 million-strong Romanian market on a large scale. Garanti Bank is the
first bank in the country to offer its customers mobile payment services.
Romania has some 3.5 million smartphone users and their number is growing
rapidly. Combined with a low card usage (0.6 cards/person), the conditions for
the rapid acceptance of mobile payments are ripe.

“We are delighted that Garanti Bank can roll out SEQR in the Romanian market
in such a short time. Romania has a fast-growing banking sector. It does not
have the sluggishness of older banking structures, which is a huge advantage.
Garanti Bank can therefore introduce modern payment solutions such as SEQR
without needing to take other solutions into consideration,” says Peter
Fredell, CEO of Seamless.

Under the agreement, Seamless will receive a fee for every mobile payment
transaction made by Garanti Bank customers. The use of the SEQR service is
free of charge for consumers, the only costs charged to the consumer being for
the goods purchased.

Paying by SEQR is simplicity itself. The customers imply scan a QR/NFC code
using their SEQR apps at the checkout and then approve the payment with their
PIN codes. Customers can also collect all their receipts in their mobile
phones.

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. All customers need to do is use
the SEQR app to scan the QR code at the POS terminal 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 means that there is no investment cost for
retailers. All that is required is a QR code sticker at the POS terminal. In
addition, the low transaction charges allow the retailer to save money.

www.seqr.se – Twitter: @seqrse(https://twitter.com/SEQRse) –
facebook.com/seqrse(https://www.facebook.com/SEQRse)

This information was brought to you by Cision http://news.cision.com

Contact:

Peter Fredell, CEO Seamless Distribution AB
tel. +46 (0) 8 564 878 00
peter.fredell@seamless.se
or
Olivera Andersson, Communications Manager
Seamless, tel. +46 (0) 70 660 51 96
olivera.andersson@seamless.se
 
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