Seamless Distribution (Seamless), the Stockholm-listed payments company which handles over 3.7 billion transactions each year through its payment technologies for mobile, today announced the launch of SEQR in Austria, Ireland, Malta, and Luxembourg.
The addition of the four new locations brings the total number of countries to 16 where SEQR is now available. Seamless is traded on the Nasdaq Nordic OMX market, under ticker SEAM, and has a market capitalization of over 457 million Swedish Krone (SEK) or roughly $53.4 million USD based on current exchange data.
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Commenting in a corporate statement regarding the announcement, Peter Fredell, CEO of Seamless, said: “We have established ourselves as the leading standard for mobile payments in just a brief period of time. Because our solution is easy and convenient, we are able to quickly offer SEQR in four more countries.”
SEQR was previously launched in Seamless’s homebase of Sweden, as well as in the UK, the US, Finland, Romania, Belgium, Portugal, the Netherlands, Germany, Spain, France, and Italy, and now the four additional countries.
SEQR provides a range of payment capabilities for users via its smartphone app, using a QR code scan feature that is confirmed with a pin code to approve payments. According to a description from the company, SEQR has been chosen by nearly 6200 merchants, and the app is also NFC compatible.