Collector Becomes a Full-Service Supplier of Payment Solutions to a Large Swedish Retailer

Regulatory News:

Collector AB (publ.) (Nasdaq Stockholm: COLL) (STO:COLL). Collector is entering into an agreement with yet another large retail chain, becoming a full-service payment solution partner. The new customer is one of the largest players in the Nordic region within its segment, covering everything from e-commerce to bricks-and-mortar stores. The agreement will lead to an annual credit volume of approximately SEK 500 million.

Collector will be a full-service supplier to all of the player’s existing sales channels. The agreement covers e-commerce, such as invoicing and online accounts; an in-store credit account linked to a loyalty programme; and acting as a financing partner for the chain’s operations, including sales to legal entities. Collector will initially roll out the solution in the Nordic region, but it will eventually be expanded to other markets as well.

"Collector has been entrusted to work with yet another major retail player, which pleases us immensely,” says Stefan Alexandersson, CEO of Collector. Our solution allows the customer to replace several suppliers of payment solutions with a single comprehensive solution.”

This information is published pursuant to the Swedish Securities Market Act, the Swedish Financial Instruments Trading Act or the rules and regulations of Nasdaq Stockholm. The information was submitted for publication on 14 April 2016 at 8.15 a.m. Stock exchange: Ticker symbol COLL

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