Zwipe Pay ONE in biometric payment card pilot

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Zwipe Pay ONE in biometric payment card pilot

OSLO, NORWAY– 23 November 2020 – Biometric fintech company Zwipe confirms that its Zwipe Pay ONE platform will be incorporated in the recently announced market pilot with TietoEVRY and OP Financial Group. OP is Finland’s largest financial services group offering banking, non-life insurance and wealth management services for over four million customers. TietoEVRY is the leading provider of software and digital banking services and a leader in card payment services in Nordic & Baltic region. Subject to a successful pilot, OP will consider launching biometric payment cards.

See announcement from TietoEVRY here.

Based on a disruptive single silicon payment platform, Zwipe Pay ONE is a first-of-its-kind solution delivering superior energy efficiency and excellent biometric performance at highly competitive prices.

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This is information that Zwipe AS is obliged to make public pursuant to the Continuing obligations of companies admitted to trading on Oslo Børs Merkur Market, Nasdaq First North Growth Market and the EU Market Abuse Regulation. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out above, at 09:20 CET on 23 November 2020.

For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com


Zwipe AS-Registration of share capital increase

OSLO, NORWAY – 19 November 2020- The share capital increase of 1,000,000 new shares in Zwipe AS, as resolved by the board of the company on 28 October 2020, has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 3,290,657.60, and the new number of shares and votes is 32,906,576.

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This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Oslo Børs Merkur Market and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0)8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 09:05 CET on 19 November 2020.


For more information, please contact:

Lars Kristian Solheim, CFO

+47 991 661 35

lars.kristian@zwipe.com


Swedish consumer survey shows large interest in biometric cards in response to Covid-19 in-store payment concerns

Almost 70 percent of respondents in a new consumer study would be interested in a biometric payment card without having to touch the point-of-sale terminal. Due to the Covid-19 pandemic, the respondents expressed a strong interest in more hygienic and secure payment methods when shopping in stores. The study was carried out in October 2020 by TietoEVRY together with biometric fintech company Zwipe.

Although smartphones are on the rise as the primary payment method (24%), the study shows that in retail shopping contactless-enabled bank cards are still the predominant form of in-store retail payment in Sweden (72%). When considering the present Covid-19 pandemic, more than 80 percent of respondents are very or somewhat concerned about touching point-of-sale terminals when shopping in-store. 80 percent of the respondents are also worried about the risk of infection when using their payment card and touching the payment terminal to type in the PIN code to complete a transaction.

Almost 70 percent of the respondents expressed interest in a payment card that would increase the safety of payment transactions by eliminating the need to touch the payment terminal and/or enter their PIN codes.

Strong interest in biometric payments cards: 75 percent want their next card to be enabled with biometric capability

New developments are opening the door to new payment methods such as biometric payment cards. According to recent research, awareness among Swedish consumers of biometric cards is on the rise. While 27 percent of the respondents had heard about biometric payment cards before participating in the survey, the majority (73%) was unaware of this innovation.

Biometric payment cards use fingerprint authentication technology enabled by on-card fingerprint sensor and software. This allows for convenient contactless payments, even for large transaction amounts, without the need to enter the PIN. All contactless-enabled payments can be conducted without touching the payment terminal. Consumers simply enroll their fingerprint on their card at home, and the fingerprint template used for on-card authentication is stored only the card, nowhere else.

As awareness of biometric cards grows, so will demand. 75 percent of the respondents would like their next payment card to be biometric enabled. This finding is based on the responses of survey respondents who were shown a short video presenting biometric payment cards.

“Being able to address Covid-19 with a safer and more secure payment method stands out as a clear desire among the consumers. Currently, we see a strong interest in the market, not only for a safer and more secure and convenient payment method, but also for more hygienic options at points of sale. We believe that biometric payment cards address these demands in a unique way,” says Jarmo Rouhiainen, Head of Card Production and Personalization at TietoEVRY.

Consumer willingness to pay extra for biometric payment cards

The survey also shows that:

  • 59 percent of respondents would be willing to pay an extra monthly fee if their current bank offered biometric payment cards. 41 percent would expect a biometric card option to be covered by their existing annual bank fees.
  • 47 percent would be interested in paying a monthly fee of SEK 10–50 for a biometric payment card with no additional benefits.
  • 12 percent would pay a monthly fee between SEK 51–99 for a biometric payment card alongside other card holder benefits.

In addition, nearly half of the respondents (48%) would switch banks if they were offered a biometric payment card by a bank other than their current one, to get access to safer and more secure payments.

“Consumers’ feedback shows that biometric payment cards represent a strong business case for issuers, accelerating customer acquisition, uplifting loyalty and creating new revenue streams. We are excited to see such a strong demand from Swedish consumers, and about addressing their needs together with TietoEVRY,” says André Løvestam, CEO of Zwipe.

About the survey

  • The survey was conducted in Sweden in October 2020 by Zwipe and TietoEVRY.
  • In total, 202 people aged between 18 and 60+ responded to the survey.
  • Respondents were representatively distributed according to age, gender and socio-economic status, and the entire subset of respondents had a household income above SEK 300,000.
  • Age distribution:23 percent aged 18–29, 40 percent aged 30–44, 23 percent aged 45–60, and 14 percent aged 60+.
  • Gender distribution: 53 percent of respondents were female and 47 percent male.

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See TietoEVRY's release at the link here

Contact person:

Zwipe:

André Løvestam, CEO

Email: info@zwipe.com

Tel: +47 991 66 135

TietoEVRY:

Jarmo Rouhiainen - Head of Card Production and Personalisation

Email: jarmo.rouhiainen@tietoevry.com

Tel: +358 40 558 3077

About TietoEVRY

TietoEVRY creates digital advantage for businesses and society. We are a leading digital services and software company with local presence and global capabilities. Our Nordic values and heritage steer our success.

Headquartered in Finland, TietoEVRY employs around 24 000 experts globally. The company serves thousands of enterprise and public sector customers in more than 90 countries. TietoEVRY’s annual turnover is approximately EUR 3 billion and its shares are listed on the NASDAQ in Helsinki and Stockholm as well as on the Oslo Børs.

Zwipe AS: Notification of Primary Insider Transaction- Correction

OSLO, NORWAY – 29 October 2020

Reference is made to the stock exchange announcement from Zwipe AS dated 28 October 2020 regarding the final results of the subsequent offering, and the allocations of offer shares that were made to primary insiders.

  • Primary Insider Concito AS, owned by Pål Eivind Vegard, board member of Zwipe, was allocated 32,650 Offer Shares in the Subsequent Offering, which is 173 more shares than announced 28 October. Following this transaction, Pål Eivind Vegard owns 568,260 shares in the Company through Concito AS
  • Primary Insider Feat Invest AB, a company where board member of Zwipe, Johan Biehl, is a board member, was allocated 18,292 Offer Shares in the Subsequent Offering, which is 12 more shares than announced 28 October. Following this transaction, Feat Invest AB owns 319,792 shares in the Company.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act

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For further information please contact: Lars Kristian Solheim, CFO, +47 991 66 135 ir@zwipe.com

Zwipe AS: Final Results of the Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

OSLO, NORWAY – 28 October 2020

Reference is made to the stock exchange announcement from Zwipe AS ("Zwipe" or the "Company") dated 27 October 2020 with the preliminary results of the subsequent offering of up to one million new shares (the "Subsequent Offering"), each with a nominal value of NOK 0.10 and at a subscription price of NOK 15.00 (the "Offer Shares").

The subscription period for the Subsequent Offering expired on 27 October 2020 at 16:30 hours (CET). By the end of the subscription period, the Company had received valid subscriptions for 4,073,802 Offer Shares.

The board of directors of Zwipe has today resolved the allocation related to the Subsequent Offering in accordance with the allocation criteria presented in the prospectus dated 19 October 2020. A total of 740,736 Offer Shares were allocated based on subscription rights and a total of 259,264 Offer Shares were allocated based on over-subscriptions of 1,829, 982 new shares made by holders of subscription rights. No Offer Shares were allocated to subscriptions of 1,503,084 new shares made by investors without subscription rights.

Furthermore and in order to complete the Subsequent Offering, the board of directors has resolved the capital increase pertaining thereto, and hereunder resolved to increase the share capital with NOK 100,000 through issuing 1,000,000 new shares each with a nominal value of NOK 0.10 and at a subscription price of NOK 15 per share, giving gross proceeds of NOK 15 million. The resolution was made by the board of directors on basis of the authorization granted by the general meeting on 29 September 2020.

The following primary insiders or close associates of primary insiders have been allocated Offer Shares in the Share Issue.

  • Primary Insider Concito AS, owned by Pål Eivind Vegard, board member of Zwipe, was allocated 32,477 Offer Shares in the Subsequent Offering. Following this transaction, Pål Eivind Vegard owns 568,087 shares in the Company through Concito AS
  • · Primary Insider Feat Invest AB, a company where board member of Zwipe, Johan Biehl, is a board member, was allocated 18,280 Offer Shares in the Subsequent Offering. Following this transaction, Feat Invest AB owns 319,780 shares in the Company
  • · Primary Insider Johan Biehl, board member of Zwipe, was allocated 12,169 Offer Shares in the Subsequent Offering. Following this transaction, Johan Biehl owns 212,883 shares in the Company
  • · Primary Insider Dennis Jones, board member of Zwipe, was allocated 2,728 Offer Shares in the Subsequent Offering. Following this transaction, Dennis Jones owns 65,228 shares in the Company
  • Primary Insider Diderik Schonheyder, board member of Zwipe, was allocated 302 Offer Shares in the Subsequent Offering. Following this transaction, Diderik Schonheyder owns 5,302 shares in the Company
  • The Company will on 29 October distribute allocation letters with payment information to all subscribers who have been allocated Offer Shares. The due date for payment is on or about 30 October 2020. Delivery of the Offer Shares is expected to take place on or about 6 November 2020, through the facilities of VPS and Euroclear. Trading in the Offer Shares on Merkur Market or Nasdaq First North Growth Market (as the case may be) is expected to commence on or about 6 November 2020.

Arctic Securities AS acts as manager in the Subsequent Offering. Simonsen Vogt Wiig AS acts as Norwegian legal counsel to Zwipe and White & Case acts as Swedish legal counsel to Zwipe.

Zwipe AS is obliged to make this information public pursuant to the Continuing obligations of companies admitted to trading on Merkur Market and Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8 528 00 399. The information was submitted for publication, through the agency of the contact person set out above, at 16:50 CET on 28 October 2020.

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This release is issued for information purposes only, and this document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful absent registration, or an exemption from registration or qualification under the securities laws of any jurisdiction. This document is not for publication or distribution in, directly or indirectly, Australia, Canada, Japan, the United States or any other jurisdiction in which such release, publication or distribution would be unlawful, and it does not constitute an offer or invitation to subscribe for or purchase any securities in such countries or in any other jurisdiction. In particular, the document and the information contained herein should not be distributed or otherwise transmitted into the United States or to publications with a general circulation in the United States of America. This document is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Company does not intend to register any part of the offering in the United States or to conduct a public offering in the United States of the shares to which this document relates. The Managers are acting for the Company in connection with the Private Placement 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 providing advice in relation to the Private Placement or any transaction or arrangement referred to in this press release. This announcement and any materials distributed in connection with this announcement may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect Zwipe's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act.

For further information please contact: Lars Kristian Solheim, CFO, +47 991 66 135 ir@zwipe.com

Zwipe AS: Results of the Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

OSLO, NORWAY – 27 October 2020

(Oslo, 27 October 2020) Reference is made to the stock exchange announcement from Zwipe AS ("Zwipe" or the "Company") dated 20 October 2020 relating to the subsequent offering and listing of up to one million new shares in the Company, each with a nominal value of NOK 0.10 (the "Offer Shares"), at a subscription price of NOK 15.00 per Offer Share (the "Subscription Price") to be carried out by the Company (the "Subsequent Offering").

The subscription period for the Subsequent Offering expired today, 27 October 2020, at 16:30 hours (CET). At the expiry of the subscription period, the Company has received subscriptions for approximately 4.1 million Offer Shares from eligible shareholders in the Subsequent Offering and other investors and the Subsequent Offering has accordingly been significantly oversubscribed.

The allocation of the Offer Shares will be resolved by the board of directors in accordance with the allocation criteria set out in the prospectus dated 19 October 2020 section 5.8. The board of directors will consider the subscriptions and allocations of Offer Shares and resolve the capital increase pertaining to the Subsequent Offering on 28 October 2020. The final results of the Subsequent Offering will be published shortly thereafter. Letters regarding allocation of Offer Shares and the corresponding subscription amount to be paid by each eligible shareholder who has subscribed for Offer Shares in the Subsequent Offering will be distributed on or about 28 October 2020. The subscription amount for the Offer Shares is expected to fall due on or about 30 October 2020 as further described in the allocation letters.

Arctic Securities AS acts as manager in the Subsequent Offering. Simonsen Vogt Wiig AS acts as Norwegian legal counsel to Zwipe and White & Case Advokat AB acts as Swedish legal counsel to Zwipe.

Zwipe AS is obliged to make this information public pursuant to the Continuing obligations of companies admitted to trading on Merkur Market and Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8 528 00 399. The information was submitted for publication, through the agency of the contact person set out above, at 20:30 CET on 27 October 2020.

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This release is issued for information purposes only, and this document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful absent registration, or an exemption from registration or qualification under the securities laws of any jurisdiction. This document is not for publication or distribution in, directly or indirectly, Australia, Canada, Japan, the United States or any other jurisdiction in which such release, publication or distribution would be unlawful, and it does not constitute an offer or invitation to subscribe for or purchase any securities in such countries or in any other jurisdiction. In particular, the document and the information contained herein should not be distributed or otherwise transmitted into the United States or to publications with a general circulation in the United States of America. This document is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Company does not intend to register any part of the offering in the United States or to conduct a public offering in the United States of the shares to which this document relates. The Managers are acting for the Company in connection with the Private Placement 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 providing advice in relation to the Private Placement or any transaction or arrangement referred to in this press release. This announcement and any materials distributed in connection with this announcement may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect Zwipe's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act.

About Zwipe

Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards and wearables that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit www.zwipe.com

For further information please contact: Lars Kristian Solheim, CFO, +47 991 66 135 ir@zwipe.com