Sweden’s Seamless reports SEQR customers in the UK are now able to quickly and simply link their bank account to the SEQR app and make payments directly from their bank account. Until now UK customers have enjoyed the benefits of the SEQR pre paid account functionality, however enabling customers to connect their bank account opens…
China’s UnionPay has inked a cooperation agreement with Swedbank to enable the merchants in several Nordic countries and the three Baltic states to accept UnionPay cards in two years, substantially expanding UnionPay’s acceptance scope in the region. Now, about two million merchants in Europe accept UnionPay cards, which satisfies tourists’ payments needs. Since this year,…
Seamless secures has inked an order in the Americas MSEK 5. It is the first order in the Americas. A telecommunications operator has placed an order to purchase the ERS360 transaction platform, which handles the electronic top-up of prepaid accounts for mobile phones. In the first phase, the order value will correspond to MSEK 5.…
Stockholm-based Seamless is establishing its mobile payment solution SEQR in four more countries. The company’s rapid expansion means that consumers can now use SEQR to make payments in 16 countries. SEQR is already available in Sweden, Finland, Romania, Belgium, Portugal, the Netherlands, Germany, Spain, France, Italy, the UK and the US. SEQR enables anybody with…
Sweden’s Uvet Nordic has inked Worldpay as its exclusive online payments provider. The company currently operates in 12 European countries, with brands Flightfinder, Airfinder, Farefinder, FlyUvet, Doodle, Travelstore, and Flygpoolen. Worldpay’s insight into customer data and local spending habits will help inform Uvet Nordic’s global strategy, enabling the company to tailor its service to the…
Wirecard, Gemalto and Visa Europe are offering contactless wristbands at the 2016 Eurovision Song Contest, with the finale taking place on May 14th in Stockholm, Sweden. The payment solution is using the processing platform of Wirecard Technologies. The wristband can not only be used for transactions at the event areas, but also at all merchants…
Stockholm-based Seamless has been granted authorization by Sweden’s financial supervisory authority, Finansinspektionen, to issue real-time electronic money. This means that SEQR users can send and receive money, worldwide, in real time. Under the terms of the authorization, SEQR can also be used by minors. Money received can be accessed instantly to make payments anywhere in…
Sweden-based Seamless posted first quarter (1Q/16) net revenue of SEK 61.1 million, an increase of 7.8% year-on-year (YOY). Net revenues for SEQR business division declined 10.6% YOY to SEK 1.68 million. The Seamless operating loss declined 23.7% YOY from SEK 56.7 million in 1Q/15 to SEK 24.1 million for 1Q/16. The SEQR operating loss declined…
Sweden-based Seamless posted fourth quarter (4Q/15) net revenue of SEK 78.9 million, an increase of 39.2% year-on-year (YOY). Net revenues for SEQR business division rose 7.3% YOY to SEK 2.05 million. The Seamless operating loss declined from SEK 50.8 million in 4Q/14 to SEK 32.8 million for 4Q/15. The SEQR operating loss declined from SEK…
Seamless has inked a new order from a leading African mobile operator in the Ivory Coast for the installation of its transaction switch. The order is initially valued at approximately USD 2 million. Seamless transaction switch has been a key component for international telecom companies since the first installation some 15 years ago. The product…
Sweden has become the first Nordic country to issue MasterPass digital wallets. Nordea, SEB and Swedbank are the first banks to issue MasterPass, soon to be joined by ICA Banken and Resurs Bank.
Europe’s most used mobile payment solution, SEQR is aiming for the launch of NFC (near field communications) payments in the first quarter of 2016.