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 email@example.com or Olivera Andersson, Communications Manager Seamless, tel. +46 (0) 70 660 51 96 firstname.lastname@example.org
SEQR introduces mobile payments in Romania – Seamless and Garanti Bank sign production agreement for SEQR
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