POSTED : 04,01,19 - 5:43 pm

OSLO, NORWAY – 04 JANUARY 2019 - Biometric technology company Zwipe today announces its plan to raise up to NOK 120 million (USD 13.7million) and intention to apply for admission to trading on Oslo Børs’ multilateral trading facility (MTF) Merkur Market. Commenting on the capital raising and Merkur Market process, André Løvestam, CEO of Zwipe, said:


“These are truly exciting times. Biometric payment cards enabled with Zwipe technology offer consumers the convenience of contactless and the security and peace of mind of biometrics. With a mission of Making Convenience Secure, Zwipe is the first mover and technology leader in our field. We are partnering with global leaders and are well protected with a strong IP portfolio. We are preparing for a commercial breakthrough for our biometric payment card solution in the second half of 2019 and accelerating growth in 2020 and beyond, both within biometric payment cards, wearables and other form factors and verticals. With a strengthened balance sheet and shareholder base, we will be well positioned to capture the opportunities ahead.”


Zwipe highlights

  • Zwipe is a biometric technology company focused on the development of secure, fast and easy-to-use biometric authentication solutions. It is a global first mover providing industry-leading energy harvesting and power management technology, which enables battery-less, contactless (and contact based) biometric payments by means of fingerprint authentication

  • Zwipe’s technology addresses data theft risks inherent in traditional authentication methods, while at the same time providing a simple, frictionless and secure user experience

  • Over the last couple of years, Zwipe has entered into a series of strategic partnerships with key payment industry stakeholders, accentuating Zwipe’s leading position as a biometric technology provider. Strategic partners include Gemalto, the world’s largest payment card manufacturer, and Chinese card manufacturer, Silone CardTech

  • Multiple biometric payment card pilots utilizing Zwipe’s technology are currently progressing across Europe and the Middle East. These are being supported by leading industry stakeholders VISA, Mastercard and Gemalto, and comprise several large international banks, including Banca Intesa Sanpaolo, one of the 50 largest banks in the world

  • In a recent report by research company Edgar Dunn and Company, the total addressable market for biometric dual interface payment cards in circulation was estimated to reach a potential of approximately 150 million cards in 2021, growing to 870 million cards in 2023 and 6.8 billion cards in 2027

  • Zwipe aims for commercialisation of Zwipe-enabled biometric payment cards in H2 2019 followed by continued scale-up in 2020 and beyond. Long-term, Zwipe aims to deploy its secure, fast and easy-to-use biometric authentication solutions across a variety of form factors, including wearables, within several different verticals including payment, access control and government identification

  • Zwipe was founded in 2009 and is headquartered in Oslo, Norway with a 100% owned subsidiary in Colorado Springs, Colorado, USA. The Zwipe team consists of 32 people, of which 12 are situated in Europe and 20 in the U.S. Zwipe currently has 31 active patent applications with 8 patents granted to date


Financial history


Zwipe is pursuing a growth strategy and has since inception raised a total of NOK 241.3 million (USD 27.6 million) in equity, debt and grants. The capital has been invested in R&D, technology development, IP, organizational expansion, partnerships, operational expansion and other preparations for large-scale commercialisation. In addition, Zwipe was awarded a NOK 23 million (USD 2.6 million) grant from the European Commission’s Horizon 2020 programme in December 2018. The grant will support Zwipe’s commercial go-to-market ability and will be paid out in tranches over the next 24 months. Horizon 2020 is the largest European Union (EU) Research and Innovation program, aiming to bring innovations faster to the market.


Offering highlights


The offering and subsequent admission to trading will contribute to strengthening Zwipe’s equity and financial position, including repayment of debt, and ensure sufficient funding of the company's planned commercialisation phase and further development of the company's technology. The offering will consist of two tranches and is expected to raise gross proceeds of up to NOK 120 million (USD 13.7 million) through the issuance of up to 6 million new ordinary shares at a fixed price of NOK 20.00 per share. The first tranche will be in the form of a private placement offered to large existing shareholders in the company and certain new investors in Norway and Sweden, who have pre-committed to subscribe for a total of 4.5 million shares in the amount of NOK 90 million (USD 10.3million).  Among the investors having provided pre-commitments are member of the board of directors, Lars Windfeldt, who has pre-committed to subscribe for 10.3% of the offering, approximately NOK 12.4 million (USD 1.4million) given a NOK 120 million round. Other members of the board of directors have pre-committed to subscribe for a total of approximately NOK 4.1 million (USD 0.5 million), approximately 3.4% of the offering.  The second tranche, in the amount of up to NOK 30 million (USD 3.4 million), will be in the form of a public offering of up to 1.5 million shares to retail investors. Existing shareholders in Zwipe who have not been allocated offer shares in the private placement will be offered to participate along with new retail investors in the Swedish and Norwegian markets.  All primary insiders in the company have entered into a lock-up agreement with the company, and hence are subject to a lock-up period of six months following completion of the offering.


Preliminary timetable and settlement:


Start of application period:               10 January 2019 at 09:00 hours (CET)
End of application period:                 17 January 2019 at 16:30 hours (CET) (may close earlier and on short notice)
Allocation:                                                 On or about 17 January 2019
Settlement:                                                Expected on or about 22 January 2019
Delivery and first day of trading:   Expected on or about 28 January 2019, not prior to the share capital is registered in the Norwegian Register of Business Enterprises and announced by the company


Note that the timetable is subject to any shortening or extension of the application period and to the conditions outlined below being satisfied.
Completion of the offering is conditional upon the following conditions being satisfied:




  1. 1. The company obtaining admission to trading on Merkur Market,

  2. 2. Approval of the offering by an extraordinary general meeting in the company expected to be held on or about 18 January 2019

  3. 3. The company resolving to consummate the offering and allocate the offer shares, and

  4. 4. Registration of the share capital increases in the company pertaining to the offering with the Norwegian Register of Business Enterprises


In addition, completion of the second tranche of 1.5 million shares to retail investors is conditional upon the approval of an EEA prospectus by the Financial Supervisory Authority of Norway (Finanstilsynet).


The offering is being managed by Carnegie AS and Redeye AB as Managers and Joint Bookrunners. In addition, Nordnet (Nordnet Bank AB in Sweden and Nordnet Bank NUF in Norway) is acting as alternative application office and receiving agent for applications for offer shares in the public offering from investors who are not existing shareholders of the company. Investors who are not existing shareholders and who wish to apply for offer shares in the public offering through Nordnet will have to apply for offer shares through their Nordnet accounts. Persons who are not customers of Nordnet will have to apply for an account in Nordnet in order to apply for offer shares in the public offering. Advokatfirmaet Simonsen Vogt Wiig AS is acting as the company's legal counsel in connection with the offering and admission to trading. Advokatfirmaet Wiersholm AS acts as legal advisor to Carnegie AS in connection with the offering.


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Important notice
The contents of this announcement have been prepared by, and are the sole responsibility of, the company. The company's financial advisors are acting exclusively for the company and no one else, and will not be responsible to anyone other than the company for providing the protections afforded to their respective clients, or for advice in relation to the transactions, the contents of this announcement or any of the matters referred to herein. The transactions and the distribution of this announcement and other information in connection with the transactions may be restricted by law in certain jurisdictions. The company assumes no responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about, and to observe, any such restrictions. This announcement may not be used for, or in connection with, and does not constitute, any offer of securities for sale in the United States or in any other jurisdiction. The transactions have not, and shall not, be made in any jurisdiction or in any circumstances in which such offer or solicitation would be unlawful. This announcement is not for distribution or publication, directly or indirectly, in or into any jurisdiction in which it is unlawful to make any such offer or solicitation to such person or where prior registration or approval is required for that purpose. No steps have been taken or will be taken relating to the transactions in any jurisdiction in which such steps would be required. Neither the publication and/nor delivery of this announcement shall under any circumstances imply that there has been no change in the affairs of the company or that the information contained herein is correct as of any date subsequent to the earlier of the date hereof and any earlier specified date with respect to such information. This announcement is not for publication or distribution, directly or indirectly, in the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not constitute or form part of any offer or solicitation to purchase or subscribe for securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The shares to be issued in the transactions have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to, or for the account of, U.S. persons (as such term is defined in Regulation S under the US Securities Act), except pursuant to an effective registration statement under, or an exemption from the registration requirements of, the US Securities Act. All offers and sales outside the United States will be made in reliance on Regulation S under the US Securities Act. There will be no public offer of securities in the United States. This announcement does not constitute an offering circular or prospectus in connection with an offering of securities of the company. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the investor material made available by the company only to qualified persons in certain jurisdictions where an offer may be made. This announcement does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for, any securities and cannot be relied on for any investment contract or decision.  The offering is not being made into Australia, Canada, Hong Kong, the United States or Switzerland.

POSTED : 13,12,18 - 7:30 am

OSLO, NORWAY – 13 DECEMBER 2018 – Biometric technology company Zwipe is proud to announce that it has been awarded a EUR 2.3 million  (NOK 23 million) grant from the European Commission as part of Horizon 2020. The grant will support Zwipe’s commercial go-to-market ability by funding its scale-up initiative "Generation NxT” and will be paid out in tranches over the next 24 months.


Horizon 2020 is the largest European Union (EU) Research and Innovation program with nearly EUR 80 billion of funding made available over a seven-year period from 2014 to 2020. It aims to facilitate European breakthroughs, discoveries and world-firsts by taking ideas from the lab to the market by promoting European innovation and competitiveness on a global scale.


More than 1850 companies across the European Economic Area applied for grants in this most recent application round, with only 3% of applicants receiving funding. Zwipe’s application and selection were rooted in its innovative approach to developing and launching the world’s first battery-less biometric payment card, designed to enable a more secure means of completing contactless transactions without requiring any changes to the existing payments infrastructure. The EU acknowledged the scale of this challenge and recognized the merit of Zwipe’s proprietary biometric and power harvesting technology platform to make convenience secure on cards, wearables and other form-factors deployed in the financial services industry. The grant will support Zwipe’s Generation NxT initiatives that include technological development, certification and commercialization of a proprietary application specific integrated circuit (ASIC) tailored for energy harvesting and power management, as well as efforts focused on cost reduction and supply-chain readiness to facilitate Zwipe’s scale-up and go-to-market capacity.


Zwipe’s biometric technology is currently being piloted by Banca Intesa Sanpaolo in Italy, the Bank of Cyprus and by 10 leading banks in five different countries across the Middle East with several more banks planning to commence pilots in the coming weeks with support from the world’s largest payment schemes.


Commenting on this major achievement, CEO of Zwipe, André Løvestam said “We are humble and grateful for this stamp of approval from the European Commission in recognition of the value our technology offers to our customers and stakeholders on a global level. We take this recognition as a confirmation that our technology can play a dynamic role supporting the goals of recent European directives, such as PSD2 and GDPR, in addressing the need for strong customer authentication, data protection and consumers’ right to privacy as biometrics becomes an integral part of everyday life.”


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About Zwipe


Zwipe is a technology solution provider that enables battery-less, ultra-low-power, self-contained biometric authentication solutions. Together with an ecosystem of partners including global brands within security, financial services and ID applications, Zwipe is “Making Convenience Secure™” for banks, merchants and consumers. Using advanced fingerprint recognition while protecting personal information, Zwipe’s solutions address the data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, Zwipe has spent the last 10 years developing its unique power harvesting technology platform in combination with security solutions based on international infrastructure standards. To learn more, visit www.zwipe.com


Media Contact for Zwipe: Ado Fazlic, VP Marketing, +47 930 44 040 ado@zwipe.com

POSTED : 10,12,18 - 2:02 pm

OSLO, NORWAY 10 DECEMBER, 2018- Last week Zwipe attended Fintech Connect where we had a wonderful event, meeting with many of the largest banks in the UK, in addition to many rapidly growing challenger banks. The show was an excellent venue for us to showcase our innovative biometric payment cards as well as our at-home and in-branch enrolment solutions which were very well received by all stakeholders. In addition to this we were able to speak to over 100 delegates representing some of the most important players in the financial services industry who shared their views on contactless payment. The results, as seen below, show that many in the banking community, in one of the most mature contactless payment markets in the world, see the value of integrating biometric payment applications into their product portfolios.


POSTED : 29,11,18 - 12:13 pm

OSLO, NORWAY – 29 NOVEMBER 2018 – Biometric technology company Zwipe has appointed Antonio D’Albore as Vice President of Business Development.


Mr. D'Albore is a smartcard industry expert with more than twenty years of experience in smartcard development, manufacturing, personalization, integration and business development across Payment, Identification, Transit and Access Control industries. Before Zwipe he worked for Incard, STMicroelectronics, Matica Technologies, IPM Group, Centro Grafico and as a strategic advisor to several stakeholders in the biometric card industry.


As the founder and Editor-in-Chief of Embedded Security News, an online resource that focus on card technology, projects and applications for businesses and consumers, Mr. D’Albore is a widely followed and recognized industry expert. He is the author of "The Rise of Biometric Cards", the first and only independent research on the subject of smartcards with embedded fingerprint sensors.


At Zwipe Mr. D’Albore will focus on partnership building and business development activities, initially focusing on leveraging his extensive network in the Asia Pacific region. Mr. D’Albore will report to SVP Payments, Marcio Stervid.


Commenting on this latest addition to the Zwipe team, CEO of Zwipe André Løvestam said “every week we are seeing more and more inquiries from the marketplace to work or partner with Zwipe and we are strengthening our company to meet that demand. I am excited that Antonio has chosen to join Zwipe as his industry expertise and sales acumen will be a valuable addition to our growing team.”


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POSTED : 28,11,18 - 10:52 am

OSLO, NORWAY – 28 NOVEMBER 2018 – Biometric technology company Zwipe is proud to announce that it is piloting live Visa biometric payment cards which have been provided by Gemalto and Zwipe’s partner Areeba. The battery-less dual-interface biometric payment cards from Gemalto, featuring Zwipe’s unique technology platform, are part of Areeba’s pilot program, which officially commenced this week with 10 leading banks across the Middle East with the support of Unilux Cards.




Commenting on this development CEO of Zwipe André Løvestam said “several Zwipe employees have used the card for the last two months, making transactions above and below the contactless transaction limits using their unique fingerprints to authenticate and complete payments at the point of sale without needing to enter a PIN, with the cards functioning seamlessly in both contactless and contact mode in many different payment environments across Europe, the Middle East, Asia, Latin America and the United States.” He adds “we are pleased with what we have seen thus far and are optimistic that the pilots coming online now across the Middle East, and others that we have lined up in other regions, will enable our first mover advantage to translate into commercial success.”




    Zwipe is demonstrating live biometric payment cards at Trustech, in Cannes, France alongside its multiple industry partners at the event.


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    POSTED : 21,11,18 - 8:09 am

    OSLO, NORWAY – 21 NOVEMBER 2018 – Biometric technology company Zwipe and production equipment manufacturer Smart Technology Services (STS) are proud to announce a partnership to jointly develop, test and launch a complete manufacturing solution allowing card manufacturers and issuers to easily implement a proven production environment for biometric payment cards.


    Smart Technology Services is a company with a successful track record of providing innovative manufacturing solutions to some of the world’s largest card manufacturers. The emerging biometric payment card segment has been identified by the company as the next major market opportunity in the payment cards industry. STS has developed a specific implanting module to support the embedding of biometric touch sensor modules into smartcards. The cooperation will provide a manufacturing solution combining Zwipe’s expertise in biometric technologies with STS’ know-how in engineering manufacturing solutions for smartcards using fingerprint authentication components.


    “The use of biometric cards is the perfect solution to respond to today’s requirement for financial cards to move to more convenience and security», said Thierry Buisson, Smart Technology Services CEO. “The implementation of fingerprint sensors in ISO-thin payment cards presents some manufacturing challenges and requires particular manufacturing and testing processes that we believe we have made the most advancements in the world in addressing. Zwipe’s and Smart Technology Services’ joint offering will eliminate the need for card manufacturers and issuers to conduct long, complex and expensive experiments before finding the right solution to manufacture and deploy biometric cards, ensuring that we will offer the most competitive and agile solution to this rapidly growing marketplace”, Thierry added.


    Through this partnership, the companies will collaborate to develop and market packaging solutions including chip and sensor packaging, adhesion processes, equipment manufacturing, process settings, test procedures and technical assistance allowing a card manufacturer or issuer to quickly set up a proven and tested solution to produce and personalize biometric payment cards.


    Commenting on this important partnership CEO of Zwipe, André Løvestam said “This close collaboration will further strengthen our capacity to efficiently facilitate mass market adoption of our technology, contributing to the streamlining of the production process for card manufacturers and working closely with STS on engineering support for card manufacturers to bring Zwipe-enabled biometric payment cards to market at scale.”


    The companies intend to release and promote a complete manufacturing solution for biometric cards in Q1 2019.


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    About Smart Technology Services


    Founded in 2013 in France and already working with 60 customer sites worldwide, Smart Technology Services provides high level support services and card personalization solutions to card manufacturers and bureaus. The company provides services support activities for card central issuance systems, second hand systems, and supplies the Smart Evol 1000 – a fully modular mid-range card production and personalization system that perfectly fits between Central Issuance and Desktop systems.


    Please visit http://stservices.fr  for further information

    POSTED : 15,11,18 - 8:48 am

    MANILA, PHILIPPINES – 15 NOVEMBER 2018 – Biometric technology company, Zwipe along with the leading payment card manufacturer in the Philippines, Allcard Inc., have partnered to launch battery-less dual-interface biometric payment cards with customers in the region.


    Allcard is the only end-to-end card solutions provider in the Philippines with a wholly-owned local card production facility and is also a Mastercard and Visa accredited local card producer.  The company offers a wide range of state of the art total card solutions, hosting and licensing card management systems, applications for card and mobile payments, point of sale, loyalty and fraud management services.


    Commenting on the partnership, Allcard CEO Allieta Cue said “We are excited to announce this collaboration with Zwipe as we believe the future of payment cards in the Philippines will be biometric.  We have the 10th fastest growing economy in the world with a young and growing population of over one hundred million people and we are committed to investing in innovation.” She adds “Working with market leaders like Zwipe, we are confident that our product portfolio will be significantly strengthened by integrating Zwipe’s unique technology platform as our customers, the biggest banks in the country, are keen to put a more secure method of payment in the hands of consumers.”


    Speaking on this latest development, Zwipe CEO Andre Løvestam said “We are proud that Allcard has selected Zwipe as their partner for biometric payment card technology.  Working together we will seek to secure the first trials in the Philippines with leading banks in Q1 of 2019, and with the sheer scale of the opportunity, we are optimistic that commercial orders will come in H2 2019.”


    Allcard announced this partnership and demonstrated Zwipe’s biometric solutions at the Allcard Technology Summit 2018 in Manila on November 15th.


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    About Allcard Plastics Philippines
    AllCard is the only local company providing end-to-end card software solutions, outsourcing and processing services, as well as VISA and Mastercard accredited production. It is a 100% Filipino-owned private corporation. Backed by state-of-the-art equipment and a highly skilled team, AllCard delivers its promise to provide total customer satisfaction from its products and services. The AllCard name stands for exceptional quality cards at the most competitive pricing, integrated into a seamless system ready for the standards of tomorrow, for more information visit www.allcard.com.ph


    PR Contact: Franz Pimentel Reyes, VP Marketing, +32 6508888 mpreyes@avls.com.ph

    POSTED : 07,11,18 - 7:45 am

    OSLO, NORWAY– 06 November 2018, – Biometric technology company Zwipe is proud to announce that it has achieved a 70% reduction in power consumption as compared to its already market leading power harvesting, dual interface biometric payment card offering while simultaneously reducing cost.


    Speaking on this latest development, André Løvestam, CEO at Zwipe said “minimized power consumption, optimized processing capabilities and power harvesting are essential performance requirements for successful implementation of battery-less, contactless (dual interface) biometric payment cards. With our patented technology platform, Zwipe is already the undisputed leader in power harvesting and power management. This latest technological achievement can prove to be a market disruptor and is a key milestone in Generation NxT, Zwipe’s internal supply chain readiness and cost reduction project, further strengthening our lead and first mover advantage.”


    Zwipe has collaborated with Cypress Semiconductor Corp., an embedded solutions leader, to support the launch of Zwipe’s next generation inlay solution by developing an MCU based on Cypress’ PSoC® 6 MCU family that is specifically designed for Zwipe’s use in ultra-low power biometric applications in ultra-thin solutions such as biometric payment cards and biometric enabled wearable and IoT devices where minimized power consumption, optimized processing capabilities and power harvesting are essential performance requirements.


    Commenting on this collaboration, John Weil, Vice President in the Microcontrollers and Connectivity Division at Cypress, said “this is the culmination of a year of joint development with Zwipe, where we have combined the best of two worlds, leveraging our expertise in embedded computing, security and application integration and the ultra-low-power and performance of our PSoC 6 architecture, with Zwipe’s market leading biometric and power harvesting technology. For Cypress, this collaboration is yet another example of our technology embedded in tomorrow.”


    The next generation inlay is currently being integrated onto the latest generation battery-less dual interface biometric payment cards that will be submitted for certification during H1 2019 by Zwipe’s strategic card manufacturing partners.


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    About Zwipe
    Zwipe is a technology solution provider that enables battery-less, ultra-low-power, self-contained biometric authentication solutions. Together with an ecosystem of partners including global brands within security, financial services and ID applications, Zwipe is “Making Convenience Secure™” for banks, merchants and consumers. Using advanced fingerprint recognition while protecting personal information, Zwipe’s solutions address the data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, Zwipe has spent the last 10 years developing its unique power harvesting technology platform in combination with security solutions based on international infrastructure standards. To learn more, visit www.zwipe.com


    PR Contact: Ado Fazlic, ado@zwipe.com, +47 930 44 040

    POSTED : 05,11,18 - 6:22 am

    OSLO, NORWAY – November 5, 2018 – Biometric technology company Zwipe introduces a comprehensive range of white label fingerprint enrolment solutions for biometric payment cards, developed and designed for use by banks and issuers. The proprietary solutions include a secure at-home biometric payment card enrolment kit that fits inside an envelope and a software suite designed for banks to use in branch.


    Biometric payment cards enable users to complete payment transactions by using their fingerprint as the primary method of user authentication. Reflecting regional differences in banking regulations and preferences, there are multiple methods of registering the user’s fingerprint on a card. In many parts of Europe, North America and the Asia Pacific region issuers will prefer to mail biometric payment cards to their customers’ homes as is commonly done with today’s payment cards. In other regions, such as the Middle East and Africa, issuers will require customers to visit a bank branch to register their fingerprint. Zwipe is introducing solutions for both at-home enrolment and in branch enrolment.


    Zwipe’s intuitive at-home enrolment kit has the card neatly fixed to a power source in a design much like a “powered greeting card”, which fits inside a traditional envelope, effectively turning the card on and off by opening and closing the enrolment kit. In this way, cardholders can securely register their unique fingerprint in the privacy of their own homes. Zwipe's enrolment solution is as fast and easy to use as consumers have become used to with their smartphones. Zwipe has protected the intellectual property associated with the user experience and unique technical and mechanical design. This short explainer video shows how the process will work. 





    Commenting on this milestone for Zwipe, CEO André Løvestam said “Zwipe’s innovative home enrolment kit is an easy to use and cost-effective method of delivering cards to consumers and a critical piece in making biometric payment cards mass market ready.” He adds “Our solutions for fingerprint enrolment protect users’ privacy as the biometric information will only be on the card and no-where else. The solutions are based on Zwipe’s deep understanding of what is needed to ensure a convenient user experience for biometric payment cards, enabling customer enrolment and onboarding to become a new strategic business line for Zwipe.”


    In addition to this offering, Zwipe is also releasing a software application, specifically targeting regions requiring in branch enrolment. This customizable white label product will allow varied stakeholders to securely enrol customers via a tablet or enrolment kiosk in the bank branch. The software will enable banks to brand and tailor their enrolment experience while quickly and effectively registering the customer’s fingerprint onto their new biometric payment card.


    Zwipe will be demonstrating its fingerprint enrolment solutions at Fintech Connect Live, in London, on December 5th and 6th 2018.


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    POSTED : 06,11,18 - 10:00 am

    OSLO, NORWAY – November 6, 2018 – Biometric technology company Zwipe is pleased to announce that Marcio Stervid has been promoted to Senior Vice President of Payments leading a recently re-organized business unit that will now include commercial, business development, product management and marketing functions.


    Commenting on this latest development André Løvestam, CEO of Zwipe said “To synchronize our commercial activities, and to be fully aligned with current and future market conditions and requirements, we have now set up our market facing team to be more agile and dynamic in addressing the growing global opportunities that we are seeing.” He adds “with the strong market momentum we are seeing, we plan to add more resources to this team to support our commercial and business development activities in different regions while simultaneously solidifying our technical and supply chain teams in the United States.”


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    About Zwipe

    Zwipe is a technology solution provider that enables battery-less, ultra-low-power, self-contained biometric authentication solutions. Together with an ecosystem of partners including global brands within security, financial services and ID applications, Zwipe is “Making Convenience Secure™” for banks, merchants and consumers. Using advanced fingerprint recognition while protecting personal information, Zwipe’s solutions address the data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, Zwipe has spent the last 10 years developing its unique power harvesting technology platform in combination with security solutions based on international infrastructure standards. To learn more, visit www.zwipe.com


    Media Contact for Zwipe: Ado Fazlic, VP Marketing, +47 930 44 040 ado@zwipe.com