Swedish m-commerce software firm Seamless has launched its mobile payment service SEQR in India and Thailand.
SEQR customers can already transfer money to one another across the 16 countries where the service is available. Transfers from Sweden directly to India and Thailand will be the first deployment of the service.
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The SEQR platform enables anybody with a smartphone to pay in stores, at restaurants, in parking lots and online, to transfer money at no charge, store receipts digitally, connect loyalty programs, and receive offers and promotions directly through one mobile app.
The user simply uses the SEQR app to scan a QR code at the check-out and enters a PIN code to approve payment. It is also NFC compatible.
Seamless CEO Peter Fredell said: “Demand for international transfers is constantly growing as the movement of people becomes increasingly global. India, one of SEQR’s launch corridors, received 12% of the total remitted volume globally so it makes perfect sense for SEQR to start here, offering a convenient solution to the Swedish market that is considerably cheaper than traditional remittance services.
“Following the launch of India and Thailand we intend to rapidly expand the number of countries to which SEQR’s customers can transfer money.”
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By GlobalData
