STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
”Given the success of the SEQR roll-out in our Swedish stores, this is a natural step for us to take and we are very happy to introduce the benefits of SEQR to our customers here in Finland”, says Laura Kiianlinna-Tunkelo, CEO of JYSK Finland.
The SEQR digital payment solution is simple and user friendly. Customers connect their bank account to the SEQR app and after scanning a QR code at checkout, payment is completed within a few taps of their phone. The transaction is completely safe for the customer as no sensitive data is stored in or transferred from their mobile phone.
“We are very pleased to be able to welcome JYSK customers in Finland to shop with their smartphones using SEQR. Expanding our relationship with JYSK internationally shows SEQR is the perfect digital payments solution for multi-national retailers. With SEQR we are providing a safe, convenient and financially rewarding way of shopping to the benefit of both consumers and merchants” says Peter Fredell, CEO of Seamless.
SEQR offers customers many benefits in addition to the convenience of paying with their mobile phone including the most generous rewards program on the market with up to 3 percent cashback on all purchases.
SEQR customers can also transfer money to each other, sell goods by creating digital ads in MyShop and sharing them on social media, save their receipts digitally, connect loyalty programs, pay for parking, and receive digital coupons and offers.
JYSK has 2 300 stores in 41 countries and a yearly turnover of 2.9 billlion EUR. In Finland, JYSK’s turnover was 98.1 million euros in 2014.
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 December 17, 2015 at 07:50 a.m. (CET).
About 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 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 OMX Stockholm, under the SEAM ticker. www.seqr.com
This information was brought to you by Cision http://news.cision.com