STOCKHOLM--(BUSINESS WIRE)--OMX Nasdaq-listed Seamless has signed an agreement with EG Retail (EG Sverige AB) – one of Sweden's leading providers of industry-specific business systems to many sectors including the retail trade. Updating EG Retail's shop data system FACKTA POS enables its customers to offer consumers the ability to pay using their mobile phones via SEQR.
SEQR is Seamless’ mobile payment solution for the retail trade and on-line shopping. The collaboration with EG Retail means that SEQR Mobile payment is automatically included with the latest version of FACKTA POS. This means that retailers who use the EG Retail shop data system FACKTA POS can now offer their customers the ability to pay using their mobile phones quickly and easily by upgrading the POS terminal system to the latest version.
“I have been hearing about the concept of mobile payments on and off over the past ten years and can say that SEQR has the technology that our industry requires. The solution is both user-friendly and can be rolled out to shops without the shop having to invest in additional, often costly, equipment. Moreover, for the first time our customers are able to reduce their transaction costs, in some cases savings involving several million kronor per year,” says Magnus Moberger, Sales Manager at EG Retail.
“We are really pleased that SEQR is now available in FACKTA POS. Thanks to the very strong position of EG Retail among the largest fashion retailers in Sweden, more users will be able to experience the simplicity, time savings and safety of paying by mobile phone,” says Emil Wikström, Head of SEQR at Seamless.
About Seamless
Seamless is one of the world's leading providers of payment solutions for mobile phones, handling more than 3.1 billion transactions each year via 525,000 active POSs. This combined with eleven years' experience and a presence in 26 countries gives Seamless a strong position in the mobile payments market. It is the company's unique transaction platform that makes SEQR possible. Seamless is traded on Nasdaq OMX Stockholm, under the SEAM ticker.
About EG Retail
EG is one of Scandinavia's leading providers of IT systems and has been operating since 1977. EG is owned by Nordic Capital and is a Microsoft Gold Certified Partner. In Sweden, we have specialised in delivering industry-specific business systems to the retail trade, the energy market and building and hardware stores. Overall, the Group has around 1,350 employees and had sales of approximately SEK 1.6 billion in 2011. EG Retail customers include leading store chains such as Retail and Brands, Venue Retail Group, Dressmann, Cubus and others.
About SEQR
SEQR, developed by Seamless, is the fastest and easiest mobile payments solution currently available on the market. All customers need to do is use the SEQR app to scan the QR code at the POS terminal and approve the payment by entering their PIN. SEQR works just as well for physical transactions as for e-commerce, and is both faster and more secure than card payments. The technology behind the solution means that there is no investment cost for retailers. All that is required is a QR code sticker at the POS terminal. In addition, the low transaction charges allow the retailer to save money.
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