By Dominic Chopping

STOCKHOLM--Swedish food retailer Axfood AB (AXFO.SK) said Friday it has signed an agreement with Swedbank to introduce a mobile payment service in Hemkop, Willys and PrisXtra stores.

 
   MAIN FACTS:

-Since mid-May, Swedbank and Axfood, together with customers, have carried out a pilot project using the Bart payment service in three Hemkop stores in the Stockholm area.

-Bart is linked to a bank card and when payments are made generates a card transaction via a QR code in a mobile telephone. The QR code is scanned at check-out.

-Shares closed Thursday at SEK242.90, valuing the company at SEK12.74 billion.

-Write to Dominic Chopping at dominic.chopping@dowjones.com

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