Tag: seamless mobile payments

NFC technology making its way into Romania

Seamless, a company from Sweden, has brought the new mobile payments tech to the country.

Swedish mobile payments firm, Seamless, has just partnered with Garanti Bank out of Turkey in order to bring a new system to Romania based on QR codes and NFC technology.

This will allow Seamless to launch its SEQR NFC and QR code based payments in the Romanian marketplace.

The Seamless mobile payments system allows users to complete transactions by waving their enabled smartphones over a reader device, or by scanning QR codes. These NFC technology and QR code based options will become available within the next few weeks, according to the companies.

Both QR codes and NFC technology will be offered in order to ensure compatibility with devices.

Romania NFC Technology and QR CodesAccording to Peter Fredell, the Seamless CEO, the company is offering systems using both NFC technology and QR code scans when taking the first steps into markets. It also stated that it has been running various pilot programs for the last half year in the country. Fredell also used the word “interesting” to describe the Romanian market, and that it was the Garanti Bank that approached them about entering into the market in Romania for the first time.

At the moment, Romanians don’t use credit cards very heavily. In fact, 79 percent of transactions are currently made in cash. The belief, said Fredell, is that this indicates that there is far greater potential for NFC technology mobile payments in this type of market than there is in Western European countries where there is a much higher use of credit cards. He also stated that it is the banks that are introducing the cashless systems and that are among the primary drivers of this type of change This will help to decrease the cash handling costs within the country, should it be as successful as they hope.

Seamless is headquartered in Stockholm, Sweeden, and is a global mobile payments company. It currently operates in over 30 countries worldwide. This organization focuses on mobile payments and prepaid top-up services for distributors, mobile operators, consumers, and retailers. It will be offering its services with Garanti Bank through NFC technology in Romania for the first time.

NFC technology added to a mobile payments solution from Sweden

NFC Technology SwedenThe SEQR service will be using near field communication tech according to the company’s announcement.

An SEQR mobile payments service company based in Stockholm, Seamless, has just announced that its product will now include the use of NFC technology for more transaction options.

The latest predictions from the company say that it will be implementing the contactless tech any day now.

The company has said that the solution is ready and that consumers should expect to start seeing the NFC technology in stores any time now. At the moment, it uses SEQR, which is a method that applies QR codes that are affixed to the terminals at the point of sale in a store. This allows smartphone users to scan the barcodes in order to be able to complete a purchase transaction.

As with the former version of the service, the company’s app is required to use the NFC technology.

In order to make payments using the NFC technology, smartphone users must have an enabled device in which they have downloaded the Seamless app. From there, they can choose to either scan the QR code or they can tap the device to the NFC stickers, which will produce the same results. This action automatically uses funds from the user’s account to pay for the purchase.

Though the QR codes should still be available, the new solution will allow NFC technology stickers to be used instead by devices that are capable of using them. According to the president and CEO of Seamless, Peter Fredell, “This will make us a completely technology-independent option for retailers and users.”

Fredell also pointed out that “It still costs the retailer nothing to introduce SEQR, and no expensive hardware or complicated installation is needed. With the Seamless NFC solution, we have also solved the big security problems that were previously associated with NFC technology.”

The company has stated that its new mobile payments solution has allowed it to become the leading smartphone transaction service in Sweden. It has already been adopted by McDonald’s restaurants as well as by the grocery retailer, Axfood group, which has allowed it to become widespread throughout Sweden. Now, it will be bringing NFC technology to each of these locations, as well.