OSLO, NORWAY– 25 JUNE 2019 – Biometric technology company Zwipe has entered into a partnership with XH Smart, a global smart card manufacturer, focused on commercializing end to end biometric payment offerings to XH Smart customers in China and beyond.
XH Smart is a global solutions provider offering end-to-end digital security solutions to banks and telecom operators in more than 70 countries across the world. A fully accredited Visa, Mastercard and China UnionPay card manufacturer, the company has grown rapidly since its founding in 2011, becoming a global player in the payment card marketplace, marked by several large industry acquisitions both inside and outside of China. In 2018 the company manufactured in excess of 44 million payment cards.
Speaking on the agreement with Zwipe, Mr Eehou Lim, XH Smart Group SVP, said “We are convinced that biometric payment cards is becoming one of the new standards in payments going forward and that is why we have partnered with Zwipe, the only company that can assist us in offering an end to end solution to our customers. We are confident that we have the right pieces in place to seize this exciting opportunity.”
Zwipe’s end to end offering buoyed by its strong intellectual property portfolio provides card manufacturers physical components and manufacturing support. Additionally, the comprehensive package covers advisory services that will enable card manufacturers to provide a more complete offering to banks and issuers, by directly supporting product integration, customer enrolment and onboarding on multiple platforms.
Commenting on this partnership, André Løvestam, CEO of Zwipe said “We are excited to partner with XH Smart and to contribute to their capacity to deliver not just an innovative new product but a complete experience to their discerning customers, driven by our shared commitment to making convenience secure.”
About XH Smart Tech (China) Co., Ltd
Founded in March 22, 2011, XH Smart is the reliable provider of digital security solution. The company's vision is to be the global leader in digital security solution provider protecting business and consumer. XH Smart's proven products and services are deployed in more than 70 countries covering Europe, Africa, Middle East, South America and Southeast Asia. Since its inception, the company has invested heavily in R&D and has registered numerous patents in the area of production automation and copyright. XH Smart has also received ISO9001, ISO14001, ISO18001, ISO27001, GSMA SAS, Visa, MasterCard and China UnionPay certification for production of schemed payment cards.
Media Contact for XH Smart Tech: Mrs. Lv Ping, +65 93725350 , firstname.lastname@example.org
Munich, Germany, and Oslo, Norway – 18 June 2019 – Biometric technology company Zwipe and the world’s leading provider of semiconductor solutions in the payments market, Infineon Technologies AG, have extended their non-exclusive partnership through a long-term agreement. This settlement outlines both technical and commercial collaboration between the two companies. The two parties will co-define and develop advanced system-on-chip solutions and related system designs for mass deployment of biometric smart devices, including payment cards and wearables.
Tap and go payments with biometric cards are gaining considerable market traction as they significantly improve the user experience without compromising on security, supporting the strong customer authentication (SCA) requirements demanded by the second Payment Service Directive (PSD2) in Europe.
Zwipe and Infineon have a long-standing relationship. Infineon’s Secure Element is currently deployed in all pilot projects featuring Zwipe’s biometric payment platform, currently supporting multiple leading payment networks run by 12 major banks in various countries across Europe and the Middle East. Card manufacturers plan to certify fully biometric payment cards and make them commercially available this year.
Commenting on this partnership, André Løvestam, CEO of Zwipe, said “We are proud to strengthen our long-standing partnership with a global technology leader such as Infineon. This collaboration further enhances our ability to commercialize our technology and IP through competitive solutions for mass-volume deployment.”
Bjoern Scharfen, Head of Payment & Wearables at Infineon had the following to say: “Our collaboration and joint offering with Zwipe is a key accelerator of mass deployment in the biometric payment market.”
Working together, the two technology companies will seek to develop advanced integrated solutions optimized to the volume requirements of biometric dual-interface payment cards. The platforms being developed combine simplified card design with reduced bills of material.
Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon is the key to a better future. In the 2018 fiscal year (ending 30 September), the Company reported sales of €7.6 billion with about 40,100 employees worldwide. Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY).
Further information is available at www.infineon.com
Media Contact for Infineon:
Karin Braeckle, Manager Media Relations, +49 89 234 234 24 email@example.com
OSLO, NORWAY– 3 JUNE 2019 – Biometric technology company Zwipe and Goldpac, China’s largest secure payment solution provider are partnering to launch biometric payment cards, enrolment offerings and related services to Goldpac’s extensive customer network, including some of the largest financial organizations in the world.
Goldpac is fully certified by VISA, MasterCard, China Union Pay, American Express, JCB and Diners. As one of the top payment card producers in the world and the largest in the Asia Pacific region, Goldpac supplies payment smartcard chips, instant issuance card kiosks and card personalization /issuance solutions.
Speaking on this partnership, Oliver Hui, Senior Vice President of Goldpac Group, said “At Goldpac, we focus on supplying our customers with state-of-the-art fintech solutions that help them succeed in today’s dynamic payment ecosystem, and doing so innovatively and securely. Biometric cards enable our card issuance customers to in turn provide their end users with cards that are secure and convenient to use, such as for payments or for identification, and we are excited to work with Zwipe to qualify and then introduce their biometric technology to our customer base, in the process providing a winning solution to our customers.”
The complete collaboration will include licensing of Zwipe intellectual property, technical integration of Zwipe components and hardware, adoption of Zwipe’s suite of enrolment solutions and advisory services, targeting biometric payment card pilots with various issuers before the end of 2019.
Commenting on this milestone agreement, André Løvestam, CEO of Zwipe said “ Goldpac is one of the largest, and fastest growing innovators in the global payment card market and we are excited to support their efforts in commercializing biometric payment solutions globally.”
Goldpac Group Ltd. (Hong Kong Stock Exchange: 03315.HK) is the only secure payment solution provider in China to hold simultaneous certifications by China UnionPay, VISA, MasterCard, American Express, JCB and Diners. With over 25 years of successful experience and a leading global technology portfolio, and committed to its core vision of Making Transactions More Secure and Convenient, Goldpac is specialised in delivering embedded software, secure payment products and Artificial Intelligence Financial Self-service Kiosks for global customers while leveraging innovative Fintech to provide data processing service, system platform and other total solutions for a wide business range of financial, government, healthcare, transportation, and retail. For more information visit http://www.goldpac.com/en/
OSLO, NORWAY – 3 JUNE 2019 – Biometric technology company Zwipe today announced that Lisbeth Breum has notified the company that she is resigning from her position as chief financial officer effective 31 August 2019 to assume a CFO role in a company unrelated to biometrics, smart cards or payments.
“On behalf of the Zwipe team, I want to thank Lisbeth for her contributions during formative years for Zwipe. We wish her all the best in her future endeavors,” said André Løvestam, Zwipe CEO. The company is in the process of finding a new CFO and will announce this when concluded. “We have added new capacities to both our technology and operations teams during the last year. The new CFO will join a team built to drive the next part of our journey towards international commercialization of Zwipe’s leading solutions”, Løvestam added.
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: André Løvestam, CEO, +47 930 44 040 firstname.lastname@example.org
OSLO, NORWAY- 14 May 2019 - The Annual General Meeting in Zwipe was held today. Enclosed are the Minutes of Meeting from the Annual General Meeting.
For more information, please contact:
Lisbeth Breum, CFO
+47 932 28 126
Inkript’s state-of-the-art manufacturing facilities in Lebanon and Saudi Arabia are certified by Visa and Mastercard for EMV cards production. The company caters for customers across the Middle East, Africa and Europe, and has shipped over 70 million smartcards in 2018, making it one of the largest card manufacturers in the region.
Speaking of this partnership, Hisham Itani, Chairman and CEO of Resource Group said “we are pleased to launch our partnership with Zwipe to cater to the growing demand of secure banking cards in the region. Biometric payment cards add a valuable layer for secure payments and banks are keen to have this innovative product. He added “Our partnership with Zwipe, a proven technology leader in this emerging market, is introducing a cutting-edge biometric solution to financial institutions in the region and we are happy to be among the first movers.”
Zwipe and Inkript will collaborate technically and commercially to bring biometric payment cards to market. Several banks have expressed interest to pilot the offering, with the first pilots expected to launch before the end of 2019.
Commenting on this important partnership, André Løvestam, CEO of Zwipe said “we are excited to partner with Inkript to introduce and deploy our technology with their customers. Based on the positive feedback from the successful pilots in the region, we are confident that the market is primed for growth.”
Inkript is a digital security solutions provider catering to governments, telecom operators and financial institutions in the MEA region. The company’s growth is driven by an extensive R&D and continuous investments in emerging technologies. Inkript is distinguished by its state-of-the-art factories, technology competence centers, customized integrated solutions and international certifications covering processes, quality and security.
Media Contact for Inkript: Ghina Ramadan, +9611412000 ext. 2931, email@example.com
OSLO, NORWAY – 29 APRIL 2019 – Zwipe's CEO André Løvestam presented at two different investor events last week in Stockholm, Sweden. Please see the presentation that was held at RedEye at the link here which is in Norwegian/Swedish. Please see the presentation that was held at PROHearings at the link here. The PROHearings presentation is in English.
To view the presentation deck see the link here.
OSLO, NORWAY- 23 April 2019 - The board of directors of Zwipe AS (the “Company”) calls for the annual general meeting to be held at the premises of Advokatfirmaet Simonsen Vogt Wiig AS at Filipstad Brygge 1, 0252 Oslo, Norway on 14 May 2019 at 13:00 CET. Please find enclosed the notice of the annual general meeting. The notice and the Company’s annual report for 2018 is available on the Company’s website www.zwipe.com.
Notice of attendance, in person or by proxy, shall be given no later than 13 May 2019 at 16:00 CET. Shareholders are encouraged to register this electronically through the company’s website www.zwipe.com. Alternatively, the attached form may be sent by e-mail to firstname.lastname@example.org, or regular post to DNB Bank ASA, Verdipapirservice, NO-0021 Oslo.
“Throughout the first quarter, we have continued to execute on our Generation NxT program, focusing on technological and supply chain advancements and cost reductions, making sure we have a competitive offering available as the industry is moving forward towards making biometric payment cards an offering to paying consumers. We have also made progress in ongoing pilots and continuously gained valuable feedback, enabling us to develop our products’ performance and functionality to even better meet the needs of the marketplace. We remain dedicated to ensuring continuous organizational improvements, which will be a vital differentiating factor as we move towards the large-scale, commercial adoption of biometric payment technology.
A strong and diverse partner ecosystem will also be increasingly important going forward. We see a trend that stakeholders across the value chain are branching out to multiple partners to reduce dependency on single partners or technologies, and we expect banks, payment networks and card manufacturers alike to secure at least dual-sourcing of their solutions for continuity of supply and general risk mitigation.
The feedback we have received and the experiences we have gained as supplier of inlays to the absolute majority of battery-less contactless biometric payment cards pilots to date, as well as the improvements we have achieved in both improving performance and reducing manufacturing cost for our Generation NxT-based inlay, which is our solution for the certification process and the anticipated subsequent roll-out of commercial biometric payment cards, make us confident that we remain well-placed to be a leading supplier of inlays in this phase.
Throughout the first quarter, we continued to strengthen our market position by building new important strategic partnerships, supporting our long-term ambition of catering to the unique needs of different regions.
The scale and scope of the opportunity we face is continually confirmed with increasing interest from stakeholders globally and we remain confident in Zwipe’s strong position in the biometric payment card value chain as we continue on our mission of making convenience secure.”