On 13 March, Seamless added the Netherlands to its international presence, a market with 17 milion inhabitants. On 17 March, the company annouced that enters into Germany, Europe’s biggest economy with 81 million inhabitants. Finally, on 20 March, Seamless opened its business in Spain. Since before SEQR is available in the Swedish, Finnish, Romanian, Belgian and Portuguese markets and the roll out in Spain gives more than 45 million people the chance to use the leading mobile payment service in Europe.
„The mobile service SEQR works both in stores and online, but also by the service SEQR Shop Spot, which basically turns everything to a possible sales channel, by scanning a QR code from any surface. This can be done through an ad, digital banner, a physical product or a TV commercial.”, according to the press release.
„Thanks to SEQR Shop Spot we can maintain a fast rollout of the service on new markets. SEQR Shop Spot makes us independent of the big chains integration speed to install SEQR physically. SEQR Shop Spot is a unique service that has the potential to revolutionize trade. It goes beyond the two traditional sales channels – physical stores and online – and instead make everything into a potential sales channel.”, says Peter Fredell, CEO of Seamless.
The technology behind SEQR enables merchants to lower the interchange fees significantly compared to those charged by traditional card companies. Also for consumers, it is cheaper to use mobile payment. SEQR refunds up to 3 percent cashback on all purchases made with the service.
With SEQR, consumers can also transfer money between each other without any cost. SEQR will work in Spain from today and consumers will from the start be able to buy products from several well-known brands through SEQR Shop Spot.
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.
SEQR’s 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 SEQR where is established.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
