Nasdaq OMX-listed Seamless (STO:SEAM) has concluded an agreement with Visma for the mobile payment solution SEQR. The agreement means that traders in the convenience store and retail industries who use Visma’s cash register system can allow their customers to pay via mobile phone. For Seamless this means that the company receives a transaction fee for every payment made via SEQR.
Visma simplifies and automates commercial processes by supplying software, payment services and in-store computer solutions. The group’s products and services are used by 340,000 Northern European customers and its net sales totalled NOK 5,749 million in 2012.
“We are delighted that SEQR is now available in Visma Retail’s cash register system. Because of Visma’s very strong position in the Scandinavian convenience store and retail industries, more users now have the chance to experience just how simple it is to pay by mobile phone,” says Peter Fredell, CEO of Seamless and continues:
“Retailers now have the possibility to avoid the high fees charged by card companies. They are also getting a very secure solution.”
The agreement means that, as of today, SEQR will be included as a function in most of Visma Retail’s in-store computer systems.
“We are seeing a lot of interest in SEQR among our customers and we can confirm that our solution has the technology, speed and security that our industry needs. SEQR is simple to use and can be deployed by retailers in their stores without needing to invest in costly equipment. Retailers also have a fantastic opportunity to boost efficiency and reduce their transaction costs,” says Sven Arnquist, Head of Visma Retail in Sweden.
Paying by SEQR is simplicity itself. The customers simply 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 SEQR, by Seamless
SEQR (se•cure) is Sweden’s and Europe’s most used mobile wallet 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, 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 30 countries, Seamless handles more than 3,1 billion transactions annually through 525 000 active sales outlets. SEQR is available at Sweden’s largest grocery chains, fast food chains and national retailer chains including McDonald’s, Hemköp and Ur&Penn. In 2013 SEQR was launched in Romania together with GarantiBank and in the spring of 2014 SEQR will be launched in Belgium together with bpost bank. Seamless is traded on Nasdaq OMX Stockholm, under the SEAM ticker.