Enabling Technologies

Seamless Makes Mobile Payment Settlements Faster With Digital Cash Register

Seamless, Europe’s most used mobile payment solution, has launched a digital cash register for its SEQR payment solution. The solution offered by the company will enable small enterprises and private individuals to receive payments without the need for a physical card reader and high transaction costs. The solution will settle the payments into the seller’s account.

As stated in the company’s press release, the new service will be integrated into the SEQR app and will be included under the MyShop section, which helps users to market and sell their products and services free of charge on digital channels such as Facebook, LinkedIn, Pinterest and Tumblr.

“With the digital cash register in SEQR, combined with our MyShop service, small enterprises and private individuals now have a powerful solution at their fingertips for selling and marketing their products,” said Peter Fredell, CEO of Seamless, in company’s press release.

“Services such as iZettle and Square require investments in hardware and involve high fees and complicated application processes. However, our solution makes hardware solutions obsolete and unnecessary. Furthermore, SEQR provides fast and easy settlement ensuring users receive payment without delay.”

In August 2015, the company expanded geographically by entering the US. Earlier this year, SEQR extended its arm to five additional European countries. Now, the company is present in 10 countries strengthening its position as one of the leading European mobile payment providers. Globally, SEQR offerings have high-value propositions for both consumers and retailers. Adding the US to its portfolio of countries, SEQR will now work strategically towards penetrating the market.

SEQR offerings include low-cost and secure alternatives to payments offered by traditional card companies for merchants which are capable of all types of payments whether online or within the physical world. SEQR is an all-in-one solution for consumers.

About SEQR by Seamless:

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 the checkout 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. Around 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 and Italy. In 2013, SEQR won the Mobile Money Global Award for Best Mobile Money Deployment in Europe.

Kate

Kate is a staff writer at LetsTalkPayments.com., , She likes to write about mobile payments and mobile commerce.

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