Garanti Bank, is partnering with Swedish payment solutions provider, Seamless, to launch mobile payments through QR codes in Romania (view press release). The collaboration will introduce the SEQR Mobile Payments in the Romanian market through a pilot project in a number of retail chains. The new technology, initially launched in November 2011 by Seamless Distribution through its proprietary platform SEQR, aims to increase convenience for customers, whilst at the same time reducing costs for merchants.
The QR codes will be installed in retail chains for Garanti Bank clients to scan them with a mobile phone and pay directly for their purchases. Consumers will also be able to scan a QR code into the PoS terminal, the web or the bill to authorise a payment charged to their bank account. The QR code identifies the payment recipient connected to the Seamless transaction platform and users can pay directly from their accounts.