Nasdaq Stockholm-listed Seamless has signed an agreement with Raiffeisen Bank
via its SEQR subsidiary. The agreement marks an initial step by the bank in
offering its customers in Romania the possibility of connecting the SEQR
Seamless mobile payment solution to their bank accounts.
Austria’s Raiffeisen Bank is one of the leading banks in Central and Eastern
Europe, with a presence in 17 national markets.
“The agreement with Raiffeisen Bank further strengthens our position in Europe.
We are seeing a strong increase in demand among European consumers regarding
mobile payments. By offering its customers the possibility to use SEQR,
Raiffeisen Bank and other European banks can meet this need in a manner that is
profitable and fast, without the need to build expensive proprietary solutions
that take a long time to develop,” says Peter Fredell, CEO of Seamless.
SEQR has grown substantially since its launch in Romania in 2013, when an
agreement was signed with Garanti Bank. Already now, it is possible to pay using
SEQR in 2,000 places – in person and online. With the new NFC technology – so
-called contactless – the number of payment points that accept SEQR will soon
increase significantly.
“SEQR will be an important part of our customer offering. The demand for paying
by mobile is large and growing,” says Florin Boldescu, Department Manager, Value
Proposition Directorate at Raiffeisen Bank.
For more information contact
Peter Fredell, CEO, Seamless, peter.fredell@seamless.se +46 8 564 878 00
ABOUT SEQR, by Seamless
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. Currently SEQR is established
in Sweden, Finland, Romania, Belgium, Portugal, Netherlands, Germany, Spain,
France, Italy and US. In 2013, SEQR won the Mobile Money Global Award for Best
Mobile Money Deployment in Europe. Seamless is traded on Nasdaq OMX Stockholm,
under the SEAM ticker. www.seqr.com
About Raiffeisen Bank
Raiffeisen Bank S.A. is a top universal bank that provides a large range of high
quality products and services to individuals, SMEs and corporations. The bank
services approximately 2 million individuals, 100,000 SMEs, and 8,200 medium and
large companies. The bank’s network has more than 500 outlets and 1,100 ATMs,
approximately 14,000 EPOS and 40 MFMs (multifunctional machines, self-banking).
Austria’s Raiffeisen Bank International is one of the leading banking groups in
Central and Eastern Europe, with a presence in Austria and 17 markets of the
region. Raiffeisen Bank S.A. is its fully owned Romanian subsidiary.
