[February 11, 2016] |
|
Seamless Distribution AB: SEQR signs agreement with supermarket operator Lambrechts and strengthens position on Belgian market
Regulatory News:
SEQR has been live in Belgium since 2014 and has quickly become one of
the company's biggest markets. National grocery-, fastfood-, and
pharmacy chains have already adopted the mobile payment solution and
today, supermarket wholesaler and operator, Lambrechts signed an
agreement with SEQR to integrate the payment platform in its operations.
Lambrechts supplies and supports over 350 independent retailers,
including 100 local supermarkets with the SPAR and SPAR Express logo and
50 neighborhood stores with the SUPRA or PRIMA brand. SEQR is already
rolled out in stores and restaurants throughout Belgium. These include
all McDonald's restaurants and the chains owned by Belgium's largest
retail corporation Colruyt Group such as Okay, Bio-Planet, Spar,
Dreamland and Dreambaby.
"The agreement with Lambrechts further strengthens our presence in
Belgium in general and the supermarket industry in particular, and we
look forward to the continued growth of SEQR on the Belgian market,"
says Peter Fredell, CEO of Seamless, SEQR.
The SEQR business segment encompasses a payment platform with a
financial ecosystem that enables payments in physical checkouts, online
and on mobile devices, money transfers between users domestically and
internationally, as well as an advertising platform and sales channel to
be utilized by retailers.
The technologybuilds upon the own developed transaction switch and has
operations in Sweden, Finland, Romania, Belgium, the Netherlands,
Germany, Portugal, Spain, France, Italy, the USA and UK.
About 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 11th, 2016 at 07:50 a.m. (CET).
This information was brought to you by Cision http://news.cision.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20160210006767/en/
[ Back To Mobile World Congress's Homepage ]
|