The subsidiary of Swedish firm Seamless is launching a peer-to-peer money transfer solution that allows users to instantly transfer money to each other wherever they are in the world.
The solution is automatically available for those who have downloaded SEQR.
Those in the UK, Sweden, Finland, Belgium, the Netherlands, Luxembourg, Germany, France, Italy, Spain, Portugal, Malta, Ireland and Austria will now be given the chance to transfer money between SEQR users.
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“We will be the first operator in Europe to introduce this peer-to-peer service internationally,” said Annika Blomé, COO of Seamless.
“In a single stroke, our European users across 14 countries can send each other money instantly regardless of where they are in the world.
“We believe that there is the same level of interest in the rest of Europe for peer-to-peer money transfer as has proven to be the case in Sweden.”
Globally over 30 million contactless card terminals now accept SEQR.
Last month, SEQR launched contactless payments and its Gocardless service in the UK.
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