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2016-04-14

Collector AB: Collector becomes a full-service supplier of payment solutions to a large Swedish retailer

Gothenburg, Sweden - Collector AB (publ.) (Nasdaq Stockholm: 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."

For further information, please contact:
Stefan Alexandersson, CEO, Collector I Phone +46 70 607 38 87 I Email
stefan.alexandersson@collector.se

Åsa Hillsten Eklund, CMO I Phone +46 70 081 81 17 I Email
asa.hillsteneklund@collectorbank.se

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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http://news.cision.com/collector-ab/r/collector-becomes-a-full-service-s...
http://mb.cision.com/Main/11837/9955188/500785.pdf

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