SEQR launches contactless payments – Globally 30 million terminals now accepts SEQR

Nasdaq Stockholm-listed Seamless mobile payment solution SEQR is launching
contactless payments in Sweden using NFC technology (Near Field Communication).
Contactless makes it possible to pay with SEQR at point of sale (POS) terminals
that support NFC which is featured on almost all modern terminals, Consequently
it is now possible to pay with SEQR in any store that supports the functionality
in Sweden or abroad,  even if a retailer has no private agreement with SEQR.
SEQR Contactless is a borderless solution so users will be able to complete
transactions in any country they are travelling in at any of the 30 million+
contactless card terminals worldwide, regardless as to whether SEQR is available
for download in that country.

SEQR’s contactless solution is now live, with the functionality being available
first in Sweden. The roll out is on an invitational basis where the most
frequent users of SEQR will get the technology first.

“Now SEQR customers will be able to pay using SEQR in any store which has NFC
payment terminals. This offers our customers the chance to use SEQR in many,
many more places and countries than today. Naturally this will drive a
significant increase in use of SEQR from our existing customers, but we
also anticipate large demand for SEQR from new customers eager to benefit
from this new technology” says Peter Fredell, CEO of Seamless.

Later in the Autumn Seamless’s SEQR contactless payment functionality is going
to be released to users globally, on devices running the Android operating
system.
For more information, please contact:
Peter Fredell, CEO Seamless, +46 8 564 878 00, peter.fredell@seamless.se
About SEQR
SEQR enables anybody with a smartphone to pay in stores, at restaurants, in
parking lots and online, to transfer money at no charge, store receipts
digitally, connect loyalty programs, and receive offers and promotions directly
through one mobile app. The user simply uses the SEQR app to scan a QR code at
the check-out and enters a PIN code to approve payment. Fast, safe and
convenient. SEQR is also NFC compatible. The proprietary technology makes it
possible for merchants to half the transaction fees charged by traditional
credit-card companies. SEQR is developed by Seamless, one of the world’s leading
suppliers of payment systems for mobile phones. Founded in 2001 and active in 26
countries, Seamless handles more than 3.7 billion transactions every year
through 575,000 active sales outlets.

SEQR rests on the proprietary transaction platform developed by Seamless. Some
6,200 merchants have chosen SEQR. In Sweden, the solution can be used for
purchases at Hemköp, Willys, Tempo, McDonald’s, Ur&Penn, MyWay, Webhallen and
Apotek Hjärtat. SEQR is established in Sweden, Finland, Romania, Belgium,
Portugal, the Netherlands, Germany, Spain, France, Italy, the UK and the US. In
2013, SEQR was won the Mobile Money Global Award for Best Mobile Money.