Stockholm-based Seamless, provider of the SEQR mobile payment technology, reported first quarter revenues soared by 39% year-on-year (YOY). During the quarter SEQR invaded six new markets.
The Swedish distributor of the SEQR mobile wallet reported net revenues for the fourth quarter, on an annualized basis, increased by 6% in comparison with the previous year.
CardWeb’s CardExecs database today spotlights Peter Fredell, Chief Executive Officer of Sweden-based Seamless. The Company has two main product lines: the proprietary transaction switch ERS 360˚ for top-ups to mobile operators and distributors, and SEQR for mobile payments in stores, on-line and in-app.
InComm has signed an agreement with Swedish Seamless that enables the digitization of the company’s vast portfolio of closed-loop stored-value cards using the mobile payment solution SEQR. InComm offers stored-value cards from more than 500 brand partners in the US. The collaboration opens up InComm’s large client base and enables stores to digitizetheir gift cards. InComm is a leading provider of cutting-edge prepaid products, services and transaction technologies to retailers, brands and consumers. SEQR is Sweden’s and Europe’s most used mobile wallet in stores and online.
InComm has signed an agreement with Swedish Seamless that enables the digitization of the company’s vast portfolio of closed-loop stored-value cards using the mobile payment solution SEQR. The card, which can be topped up via mobile, will also function as a payment account in the SEQR-app and the US will be the first market to launch.
Seamless and The PCMS Group have signed a collaborative agreement to further strengthen SEQR’s presence in the UK and the US. The agreement between PCMS and Seamless is a key component for big retailers in the UK and the US waiting to activate SEQR. PCMS is a key point of sales provider for top tier retailers so this he agreement opens up PCMS large client base on both markets. THis partnership sees payment solutions for all devices across their many sales channels.
Seamless has signed a frame agreement with Swedish hospitality industry- and employers’ organization Visita regarding the mobile payment solution SEQR. The agreement means that approximately 6400 hotels, restaurants, amusements parks, camp sites, hostels and ski-and spa resorts in Sweden can benefit from significant savings in transaction costs. Offering SEQR as a payment method is very easy. The technology is integrated with the cash register system and requires no hardware installation. The only thing members of Visita need to do is apply a sticker with a QR-code at the cash register. Compared to other mobile payment solutions, SEQR offers a number of value-added features for users such as digital receipts and coupons and connection to loyalty programs within the app.
Seamless is expanding its SEQR mwallet, a collaboration with bpost bank to allow consumers to connect their bank account to SEQR’s versatile and generic mobile payment solution. SEQR enables anyone with a smartphone to pay in stores, online, at restaurants, utility bills and parking lots, transfer money at no charge, store receipts digitally and receive offers and promotions directly – through one mobile app solution. McDonald’s is the first to roll out and will make SEQR available in all of its Belgian restaurants at the time of launch in the spring of 2014. bpost bank will offer its customers the ability to connect SEQR’s mobile payment application to their bank account. This will allow them to make payments in stores and online quickly, securely and without charge. Through the SEQR app, the user simply scans or taps a QR-code/NFC at the check-out of partnering merchants and approves the purchase by entering a PIN code. SEQR is a generic payment method, independent from existing payment structures, that enables merchants to lower their interchange fees significantly compared to those charged by traditional card companies; a win-win-win for all parties.
SEQR is making its first international market entry with its mobile payment application. In conjunction with GarantiBank the app is made available to its customers, who now have access to the most complete mobile payment solution available on the market. More than 200 stores are already signed and Subway Upground, the Bata and For Family networks, Bierhaus 67 and AVE Hotels in Bucharest are among the merchants that are live at the launch. SEQR will also be implemented nationwide in the Nike, Collective, Folli Follie, Converse, KIX, Calvin Klein Jeans, Star Place and Arsis networks, as well as Tabiet teahouse and Antipa coffee shop. Downloaded from iOS AppStore or Google Play, the application connects the user’s current GarantiBank account to the retailers’ cash register or online system via a QR code. GarantiBank is the first financial institution to make SEQR available in Romania.
Seamless payment solution for mobile telephones, SEQR, is to be launched for both Windows 8 and Windows Phone, and will be integrated with Windows Phone Wallet. Seamless was founded in 2001 in Sweden, and now has a presence in around 30 countries. The launch of SEQR on Windows platforms is strategically important in order to consolidate the position of Seamless as the leader for mobile payments. SEQR will be implemented in Microsoft’s app-stores, Windows Store and Windows Phone Store in all Seamless markets in 2013.
Garanti Bank announced its Romania direct mobile payments through QR codes through its recent partnership. The two companies will jointly introduce the SEQR Mobile Payments in the Romanian market through a pilot project which will dwell through some large retail chains. Garanti Bank is thus the first financial institution to drive the creation of the SEQR Mobile Payment service network in Romania. This aims to increase convenience for customers, whilst at the same time reducing costs for merchants. More precisely, QR codes will be installed in various retail chains for Garanti Bank clients to scan them with the mobile phone and pay directly for their purchases. Consumers scan a QR code into the POS terminal, the web or the bill to approve that payment will be charged to their bank accounts.
Seamless launched a new payment solution for retail and online trade. The new solution will enable customers to use smart phones rather than credit or debit cards to make payments. By using a mobile phone to scan a QR code at the cash register, the customer can authorise that the payment is drawn from their bank account or credit provider. The Seamless solution — for which patent is currently pending in a total of 41 different criteria — makes it possible for retailers to avoid the high fees charged by credit card companies. The terminal is connected to Seamless’ transaction platform and the QR code identifies the cash register that the customer is using.