Seamless Distribution AB: SEQR gets its first MTL in US
July 01 2015 - 2:25AM
Business Wire
Seamless’ (OMX:SEAM) mobile payment service SEQR, which a couple
of weeks ago launched its mobile payment services in US, allowing
users to pay with their smartphones at retail and online merchants,
now acquires its first Money Transmitting License in the state of
Missouri.
Regulatory News:
The company has during the past years structured several
strategic partnerships in US, while integrating its platform to the
US Banking ACH system. This allows the company to offer its
merchants and users a significantly enhanced shopping experience,
driven by increased transaction speed, increased loyalty, lowered
fraud and significantly lower cost associated with the transaction.
Now it’s time for the next step in the roll-out through obtaining
the first MTL.
“It’s a great step that we have the first MTL in place as the
MTLs allow us to offer the full range of features also on the US
market. For example MyShop which enables the user to create and
distribute their own classified ads in addition to use SEQR P2P
services, which works both nationally and internationally, and
simplifies the everyday life of millions of Americans” says Peter
Fredell, CEO of Seamless.
“We are excited together with our partners and clients to
further strenghtening our product offering in US. This important
step in our expansion, positions ourselves as a true leader in the
Mobile Payment Solution space,” says Daniel Bessmert, GM of SEQR
USA.
During the past year Seamless prepared and submitted MTL
applications for a majority of the states. Now, with the first MTL
being approved the expectations are that the rest of them will be
approved within the next coming twelve months.
For more information:
Daniel Bessmert, General Manager SEQR USA
+1 718 8792169, daniel.bessmert@seqr.com
Peter Fredell, CEO Seamless +46 8 564 878 00,
peter.fredell@seamless.se
This information is such information that Seamless Distribution
AB (publ) is required to disclose pursuant to the Swedish
Securities Market Act and/or the Swedish Financial Instrument
Trading Act. The information was released for publication on 01
July 2015 at 07.50 am (CET).
ABOUT SEQR, by SeamlessSEQR (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, UK 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
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version on businesswire.com: http://www.businesswire.com/news/home/20150630006664/en/
Seamless Distribution ABDaniel Bessmert, +1-718-879-2169General
Manager SEQR USAdaniel.bessmert@seqr.comorPeter Fredell, +46 8 564
878 00CEO Seamlesspeter.fredell@seamless.se