Raiffeisen Bank to launch SEQR in Romania


Stockholm, June 02, 2016

Nasdaq Stockholm-listed Seamless has signed an agreement with Raiffeisen Bank via its
SEQR subsidiary. The agreement marks an initial step by the bank in offering its customers
in Romania the possibility of connecting the SEQR Seamless mobile payment solution to
their bank accounts.

Austria’s Raiffeisen Bank is one of the leading banks in Central and Eastern Europe, with a
presence in 17 national markets.

“The agreement with Raiffeisen Bank further strengthens our position in Europe. We are seeing a strong increase in demand among European consumers regarding mobile payments. By offering its customers the possibility to use SEQR, Raiffeisen Bank and other European banks can meet this need in a manner that is profitable and fast, without the need to build expensive proprietary solutions that take a long time to develop,” says Peter Fredell, CEO of Seamless.

SEQR has grown substantially since its launch in Romania in 2013, when an agreement was
signed with Garanti Bank. Already now, it is possible to pay using SEQR in 2,000 places – in
person and online. With the new NFC technology – so-called contactless – the number of
payment points that accept SEQR will soon increase significantly.

“SEQR will be an important part of our customer offering. The demand for paying by mobile is large and growing,” says Florin Boldescu, Department Manager, Value Proposition Directorate at Raiffeisen Bank.

For more information contact:
Peter Fredell, CEO, Seamless, +46 8 564 878 00