Seamless partners with Xpress Money and enters the international money transfer market

In 2015, approximately $601
billion[1] (http://file///C:/Users/a/Google%20Drive/Department%20files%20Marketi
n 
g/PR/4.%20Projects/2016/xpress%20Money/Xpress%20Money%20Seamless%20final_160202.
d 
ocx#_ftn1) was transferred by foreign workers to their families residing in
their home countries with an average transfer fee of 7.37% (Q4
2015)[2] (http://file///C:/Users/a/Google%20Drive/Department%20files%20Marketing
/ 
PR/4.%20Projects/2016/xpress%20Money/Xpress%20Money%20Seamless%20final_160202.do
c 
x#_ftn2). These remittances are one of the largest financial inflows to many
developing countries. Seamless now enters this international money transfer
market (aka international money remittance) through a partnership with Xpress
Money, one of the world’s most dependable money transfer brands. Through
Seamless´ (SEAM) mobile payment platform SEQR, Xpress Money and Seamless can
offer its customers a convenient, safer and affordable way of sending money from
one country to another, digitally.
“The partnership with Xpress Money is evidence of the versatility of SEQR as a
payment platform and financial ecosystem. We are very excited to be entering the
international money transfer market with such an important global player”, says
Peter Fredell, CEO of Seamless, provider of the digital payment platform SEQR.

Xpress Money is one of the fastest growing instant money transfer companies with
regional offices in 25 countries including UK, USA, Canada, Australia, Hong
Kong, Philippines, United Arab Emirates and India, amongst others. The brand  is
present in 150 countries through 170, 000 agent locations across the globe.
Xpress Money offers convenient services to its customers globally, which include
Cash Payouts, Account Credits, Remit Card or ATM, Mobile Wallets and Door
Delivery Services.

“As a brand, we seek partnerships and integrations that add value to the dynamic
and evolving business that we operate in. Our objective is to provide our
customers with money transfer solutions that are not only convenient but also
affordable. SEQR helps us meet that goal through their versatile digital
platform and extensive market presence in Europe. In addition to our existing
array of services, we are now taking a step ahead with this innovative mobile
payment application SEQR, developed by Seamless” says Sudhesh Giriyan, COO,
Xpress Money.

Through SEQR, Xpress Money will offer its customers the convenience of
transferring their money digitally, anytime and from anywhere. Xpress Money’s
average cost of sending remittances stands at 2%, way lower than the global
average of 7.37%. With this partnership, Xpress Money hopes to further reduce
the cost incurred by customers while sending money.

In addition to initiating and processing the remittance transactions digitally,
SEQR will also offer a channel that can be easily tracked. The remitted amount
will then be available for payout to the beneficiary through Xpress Money’s
convenient services available in the respective receive countries. Seamless and
Xpress Money will be able to offer the service in all countries the companies
are present in. Integration is planned to be completed during 2016.

About Xpress Money
Xpress Money is a global money transfer brand with a thriving presence in more
than 150 countries across all continents through 170,000 agent locations. Xpress
Money has come to be known as the most dependable international money transfer
brand and provides its customers a simple, fast & safe way to transfer money
through innovative technology, superior customer service and its extensive
worldwide network. For more information, follow us on Facebook:
www.facebook.com/XpressMoney, Twitter: @Xpress_Money (http://bit.ly/13Xkqev) or
visit www.xpressmoney.com

About Seamless / SEQR (se·cure)
SEQR 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 digital 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 35 countries, Seamless handles more than 3,7 billion transactions
annually through 575 000 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. Currently SEQR is established
in Sweden, Finland, Romania, Belgium, Portugal, Netherlands, Germany, Spain,
France, Italy, UK and US. In 2013, SEQR won the Mobile Money Deployment in
Europe. Seamless is traded on Nasdaq Stockholm, under the SEAM ticker.
www.seqr.com

This is the type of information that Seamless Distribution AB (publ) is required
to disclose pursuant to the Securities Market Act and/or the Financial
Instruments Trading Act. The information was submitted for publication on
February 3, 2016 at 08:50 a.m. (CET).

Media Contacts:
Alisha Fernandes, Xpress Money, alisha.fernandes@xpressmoney.com, +97148186185
Cecilia Lago Albright, Seamless, Cecilia.albright@seamless.se , +46 707 431345

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