Sweden’s Seamless has inked an agreement with the UK-based payments network Go Cardless, offering direct debit services.
The GoCardless deal will enable all SEQR customers to link their bank account to the Seamless mobile payment solution, SEQR, regardless of who they bank with.
The agreement provides SEQR customers access to the UK Bacs system via the GoCardless platform. Bacs processed over 6 billion UK bank transactions in 2015.
GoCardless is the leading Direct Debit provider in the UK, used by over 20,000 customers to process over £1.5bn in transactions.
The cooperation with GoCardless combined with SEQRs upcoming contactless payment service will mean that anyone in the UK will be able to easily connect their bank account and pay at any of the 500,000 terminals in the UK that currently accept contactless payments.
SEQR (se·cure) is Europe’s most used mobile payment solution 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, connect loyalty programs, 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 26 countries, Seamless handles more than 3.1 billion transactions annually through 525,000 active sales outlets. 6,200 merchants have chosen SEQR including the largest grocery chains, fast food chains and national retailer chains in the markets where SEQR is established.
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