OSLO, NORWAY– 11 May 2023 – The Annual General Meeting (AGM) of Zwipe AS was held Thursday 11 May 2023 at 10:00 (CEST). All the items on the agenda were addressed and approved. Attached are the minutes of the Annual General Meeting. The attendants of the AGM represented 25.99% of the votes in the company.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 16:00 on 11 May 2023.
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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 Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 16:00 on 11 May 2023.
For more information, please contact
Danielle Glenn
CFO and Head of IR, Zwipe AS
E-mail: ir@zwipe.com
OSLO, NORWAY – 25 April 2023 – During the first quarter, Zwipe continued to see positive interest in bringing biometric payment and access control cards to markets globally.
Significant events during the period
Significant events after the period
Operational review
The most significant event in Q1 2023 was the successful completion of the rights issue, with Zwipe securing approximately 100 mNOK in new capital that will be used to accelerate go-to-market strategy and commercialization of Zwipe Pay and Zwipe Access solutions.
The first quarter saw Zwipe continue to expand our pipeline of SCMs and go-to-market partners by signing Wahyukartu in Indonesia, Unicard in Saudi Arabia, Antworks Money in India, and TBHP in Vietnam – all representing expanded geographic potential for Zwipe in bringing biometric payment cards to new markets. The company also continued to make progress carrying out pilot projects in the active execution phase. Some issuers are now communicating to Zwipe’s SCM customers that they will move directly to soft launch rather than undertaking pilot projects, something which should see more immediate revenue results for Zwipe. On the technology side, mobile enrolment solutions for Android and iOS were released on Apple’s AppStore and Google Play and Zwipe also released our Software Development Toolkit (SDK) for customers and partners.
While Zwipe continues to see strong interest in BPCs and the use case remains convincing, the pace of pilot launches and market adoption continues to be slower than Zwipe or other players in the market expected. That said, Zwipe remains convinced that the material benefits of BPCs remain clear for all and that market adoption will happen soon.
While progress with Zwipe Pay has been slower than desired, the first quarter saw tangible progress and excitement for Zwipe Access. Our North American partner Civix launched a Proof-of-Concept (“POC”) project at Richmond International Airport, carried out in conjunction with National Safe Skies Alliance, Inc. Also in North America, Zwipe signed a significant partnership agreement with CardLogix, a smart card provider that already provides access control solutions to our target end customers and is now adding Zwipe’s biometric solution to their portfolio. The company attended ISC West in March and came away from the event with 20+ qualified leads and potential partners, ranging from system integrators to security engineering companies to direct end customers. The first quarter also saw Zwipe make significant progress with Swedish and broader Nordic partners, aiming to reach Nordic enterprises with high security needs.
The above developments in the USA and Nordics translate into 15+ access control proof of concept projects targeted to be executed in the coming months at end-user sites. While it is too early to estimate immediate revenue potential from these engagements, Zwipe believes the bigger picture revenue potential is substantial.
Commercial priorities for 2023 remain unchanged, but the company has substantially reduced our planned expenditures for 2023. This should prolong funding towards the commercial inflection point and keep the average net monthly burn rate lower than 2022.
Financial review
Zwipe reported total revenue of 1.7 mNOK during Q1 2023 compared to revenue of 0.6 mNOK in Q1 2022. After adjusting for transaction costs related to fundraising, cash flow from operations was –24.7 mNOK versus –25.4 mNOK in Q1 2022, equating to an underlying average monthly operating cash flow in Q1 2023 of –8.2 mNOK versus –8.5 mNOK in the same period last year. With the successful completion of the rights issue, cash and cash equivalents stood at 121.9 mNOK at the end Q1 2023 compared to 130.6 mNOK at the end of Q1 2022 and 50.5 mNOK at the end of 2022.
Operational update presentation
CEO Robert Puskaric and CFO Danielle Glenn will do a short presentation on the operational update today, Tuesday April 25th, at 10:00 CET.
Audiocast details
Date: 25 April 2023
Time: 10:00 CET
Format: Audiocast and Q&A
Language: English
Link: https://app.webinar.net/OEXe514K1L4
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This information is subject to the disclosure requirements in the Market Abuse Regulation (EU 596/2014) and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 08:00 on 25 April 2023.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
ir@zwipe.com
OSLO, NORWAY - 24 April 2023 - The Board of Directors of Zwipe AS (the "Company") call for the Annual General Meeting ("AGM") to be held on 11 May 2023 at 10:00 CEST. The general meeting will be held as a digital meeting on Microsoft Teams.
Please find enclosed the notice of the AGM. The notice and Zwipe's Annual Report for 2022 are available on the Company's website, https://zwipe.com/investors.
Shareholders who wish to attend the AGM in person or by proxy or vote in advance are encouraged to register this electronically by following the link on the Company’s website https://zwipe.com/investors/general-meetings, via VPS Investor Services, by sending a signed version of the form attached to the notice by e-mail to genf@dnb.no, or by ordinary mail to: DNB Bank ASA, Registrars Department, Postboks 1600 Sentrum, NO-0021 Oslo. Notification of attendance, proxy or advance votes must be registered online or received by DNB Bank ASA, Registrars Department by 16:00 hours CEST on 10 May 2023.
In order to be invited to the meeting, Zwipe's administration will need to have the shareholder's email address in advance. Shareholders must after having registered their attendance also register their email address by sending an email to ir@zwipe.com prior to 16:00 hours CEST on 10 May 2023.
The Board of Directors (the "Board") has proposed the following agenda:
1. Opening of the annual general meeting by the chair. Registration of meeting shareholders
2. Election of a meeting chairperson and person to co-sign the minutes together with the chairperson
3. Approval of the notice and the agenda
4. Report by the management on the Company
5. Approval of the annual report and financial statements for 2022 for the Company and the group
6. Remuneration to the auditor
7. Election of members to the Board
8. Remuneration to the Board and the members of the nomination committee
9. Proposal on implementing a new incentive program towards the Company's employees and key personnel
10. Proposals on authorizations to the Board on capital increase
Proposed decisions from the Board
Matter no. 5: Approval of the annual report and financial statements for 2022 for the Company and the Group
The Board proposes that the annual report and financial statements for 2022 for the Company and the Group are approved.
Matter no. 6: Remuneration to the auditor
The Board proposes that the auditor's fees are paid as per accounts rendered.
Matter no. 7: Election of members to the Board
Subject to the AGM's approval, the Board for the period from the AGM in 2023 until the AGM in 2025 will comprise:
Mini-CVs for Christina Örn and David Chew have been included in the report from the Nomination Committee.
Matter no. 8: Remuneration to the members of the Board and the members of the Nomination Committee
The Nomination Committee makes the following recommendation:
Fees to the Board for the period from the AGM in 2022 until the AGM in 2022 were resolved by the AGM on 23 May 2022.
Fees to the Board for the period from the AGM in 2023 until the AGM in 2024 is suggested as follows:
As to remuneration, the Nomination Committee proposes that no remuneration is paid to the members of the Nomination Committee.
Matter no. 9: Proposal on implementing a new incentive program towards the Company's employees and key personnel
The Company's compensation committee has in cooperation with specialists on incentive programmes in the Swedish company Novare Pay Consulting assessed the various aspects of the current SIP program, including the taxation of the options. Based on its assessments and input from Novare, the Compensation Committee has presented a new proposal for a long-term incentive scheme directed towards the Company's leading employees and other key personnel in the form of so-called restricted share units ("RSUs").
The main rationale behind the proposal of the RSU plan is to create a long-term ownership, being expected to stimulate an increased interest in the business and performance development. The Board believes that it is in the interests of all shareholders that executive personnel and other key employees who are important for the Company's development, have a long-term interest in a positive development of the Company's share price.
The vesting period for the RSUs is four years from award. RSUs will only vest if the average annual total shareholder return during the vesting period exceeds 10%. Vested RSUs will be settled in shares at vesting, where one RSU gives the right to one share. The Company will be entitled to settle vested RSUs in each instance with a cash settlement. The Board proposes that a maximum of 1,076,230 RSUs may be granted to participants in the RSU plan, which corresponds to a maximum dilution of approximately 1.8% percent of outstanding shares in the Company.
Based on the assumptions that all RSUs under RSU plan are granted and vested, a share price of NOK 10.4 at the time of settlement of the RSUs and an average percentage for social security contributions of 20%, the total costs for the program including social security contributions, is expected to amount to approximately NOK 6.3 million whereof NOK 2.2 million refers to social security contributions.
The RSU plan is suggested to replace the current option plan. Following resolution to adopt the RSU plan, no more options will be granted to employees. However, already granted stock options may be exercised.
Matter no. 10: Proposal on authorizations to the Board on capital increase
The Board proposes that two new authorizations for the Board on capital increases are issued, (i) to fulfil the Company's incentive programs and (ii) to strengthen the Company's equity.
The Board proposes that the AGM adopts the following resolution:
1. Authorization for capital increase to fulfill the Company's incentive programs
The Board is hereby granted authorization to increase the share capital of the company on one or several occasions, with up to NOK 293,038.80 (2 930 388 new shares), equivalent to approximately 5.0% of the registered share capital at the time of this resolution.
2. Authorization for capital increase to strengthen the Company's equity
The Board proposes that the AGM renews the authorization to the Board to issue shares corresponding to up to 15% of the share capital, and the new authorization shall be restricted to issue shares to strengthen the Company's equity to the extent the Board considers this to be in the Company's best interest at the given time.
The Board is hereby granted authorization to increase the share capital of Zwipe AS with up to NOK 876,206.00 (8,762,060 new shares) on one or several occasions. The authorization may be used to issue shares to strengthen the Company's equity to the extent the Board considers this to be in the Company's best interest at the given time.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
Tel: +47 909 98 201 and e-mail: danielle@zwipe.com
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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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 Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 19:00 CEST on 24 April 2023.
OSLO, NORWAY – 24 April 2023 – Zwipe AS will publish its Q1 2023 operational update report on 25 April 2023 at 08:00 CET. On the same day at 10:00 CET, the Company will host an audiocast to present the update. After the presentation, the webcast will be opened up for questions from the audience.
Participants are strongly encouraged to submit their questions prior to the webcast on the registration page below or by sending questions to ir@zwipe.com. Participants will be required to register to listen to the audiocast and participate in the Q&A.
Webcast details
Date: 25 April 2023
Time: 10:00 CET
Format: Audiocast and Q&A
Language: English
Link: https://app.webinar.net/OEXe514K1L4
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
+47 909 98 201
ir@zwipe.com
OSLO, NORWAY – 14 April 2023 - Zwipe AS (“Zwipe” or “the Company”) has decided to change the date of its Annual General Meeting (“AGM”). The company has previously communicated that its 2023 AGM would be held on 27 April 2023. The AGM will instead be held on 11 May 2023.
Zwipe has planned for its 2023 AGM to be held on 27 April 2023 and has, in accordance with applicable regulations, communicated this planned date to the public. One key preparation for the AGM of a listed Norwegian company is for the Nomination Committee to prepare a number of proposals for the AGM to consider and resolve upon. One such proposal relates to the appointment of board members. The Nomination Committee’s proposals are to be included in the notice to the AGM. Zwipe has been informed by its Nomination Committee that this work has not yet been concluded. Zwipe has decided to change the planned date of the AGM to allow the Nomination Committee to conclude its important work. The new planned date of the AGM is 11 May 2023. Notice and relevant information will be submitted in due course, as governed by the relevant regulations and by Zwipe’s Articles of Association.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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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 Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 14:00 CET on 14 April 2023.
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For more information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
OSLO, NORWAY and HANOI, VIETNAM – 12 APRIL 2023 – TBHP Co Ltd., one of the largest bureau and service providers of cards in Vietnam, has partnered with Zwipe to launch biometric payment cards in Vietnam. With this partnership, Zwipe will provide commercialization support, expertise and technical guidance to help TBHP integrate biometric payment cards into its portfolio.
TBHP is a leading provider of barcode, magnetic and smart card applications and has provision of access control and security systems. The collaboration will allow both companies to develop and leverage the growing market opportunities in Vietnam for biometric on-card payment solutions.
Commenting on this partnership Hoang Nguyen Duc, CEO, TBHP said, “Over the past years, there has been a growing awareness of biometric payment cards in Vietnam. We are sure that this partnership will let issuers and consumers embrace biometric payment cards as they provide an excellent check-out experience with much higher security. Zwipe Pay will bring strong differentiation and value uplift to our card portfolio.”
Under this partnership, Zwipe Pay- based biometric cards will be delivered by Zwipe's partner TBHP in the region.
“The interest in adopting biometric payment cards is growing steadily in the APAC market. We are happy to partner with TBHP as we are confident that this alliance will further accelerate the deployment of biometric payment cards. With this partnership, Zwipe’s unique biometric payment card platform and enrolment solutions will be made available to banks and financial institutions in Vietnam, a dynamic and growing market for payments in Asia,” said Alex Chung, Vice President & General Manager for Asia Pacific, Zwipe.
About TBHP
TBHP Co Ltd. is a diversified 100% privately owned trading company with 20 years of experience supplying some of the biggest banks in Vietnam. Among the services and expertise, the company offers logistics management, technical consultancy, efficient and technologically superior equipment maintenance, training and technology transfer. By doing so TBHP enhances the intrinsic and extrinsic value of its product and services.
To learn more, please visit www.tbhp.vn
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe & secure. We are pioneering next-generation biometric card technology for both payment and physical & logical access control and ID solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway with a global presence.
To learn more, please visit www.zwipe.com
OSLO, NORWAY – 31 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 21 March 2023 regarding the final result of the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares"), at a subscription price of NOK 4.80 per share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The share capital increase pertaining to the Offer Shares has now been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). The Company's new share capital is NOK 5,841,373.20 divided into 58,413,732 shares, each with a nominal value of NOK 0.10.
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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 Euronext Growth Oslo (Euronext Growth Oslo Rule Book - Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact
person set out above, at 10:00 CEST on 31 March 2023.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
OSLO, NORWAY – 30 March 2023 – Zwipe AS ("Zwipe" or "the company") has today released its Annual Report 2022, including the Board of Directors report and financial statements. The report and annual accounts were approved by the Board of Directors after the close of business on 29th of March 2023. The 2022 Annual Report is attached to this release and available at https://www.zwipe.com/investors/reports.
Significant events 2022
2022 operational review
In 2022, Zwipe achieved several significant milestones and entered an “execution first” strategic phase. The company finalized technological development of the Zwipe Pay product and received both Visa and Mastercard certification, becoming the first biometric payment card platform available for sale on the open market to be certified by both major payment schemes.
A primary focus for the company in 2022 was executing our signed issuer pilots, with seven issuer pilot projects in the execution phase. During the second half, we implemented software changes related to biometric performance in Zwipe Pay cards and also updated our internal test procedures. These changes resulted in a more robust product and enhanced payment transaction experience that is expected to lead to faster completion of ongoing pilot projects as well as a significantly faster pace of new project launches in the coming quarters – with streamlined execution and commercial launch in all areas.
2022 also saw the company establish Zwipe Access as a separate business line with substantial revenue potential. We completed an important pilot project for Fraport AG at Frankfurt International Airport, with Zwipe shortlisted as an access control solutions provider when Fraport moves forward with its commercial tender process in 2023. We further reinforced our strong position in the airport vertical when Civix, a leading US provider of airport security solutions, selected Zwipe’s access control technology to augment their airport security propositions. The partnership with Civix is representative of our go-to-market strategy in access control to work with system integrator partners and distributors to bring our solution to market rapidly.
2022 financial review
Zwipe reported total revenues of 3.9 mNOK during 2022 vs. 2.5 mNOK in 2021, reflecting an underlying increase in Zwipe Pay revenues of 72%. Total operating expenses were 108.1 mNOK in 2022 compared to 85.5 mNOK in 2021. After adjusting for one-off, non-recurring costs in 2022 and receipt of a government grant in 2021, operating expenses increased to 102.2 mNOK in 2022 from 92.6 mNOK in 2021. Adjusted EBITDA was -96.4 mNOK in 2022 compared to -81.7 mNOK in 2021.
Underlying net cash use in operating activities in 2022 averaged 9.0 mNOK per month, an increase of 41% from 2021. This was mainly due to higher personnel costs, but non-recurring charges also inflated the 2022 monthly average burn rate and are not expected to continue.
On 31 December 2022, cash and equivalents were 50.5 mNOK, down from 152.3 mNOK at the end of 2021. Total equity at the end of the year was 54.6 mNOK, while total liabilities were 13.0 mNOK. This resulted in an equity ratio of 81%, down slightly from 91% at end 2021.
On 22 November 2022, Zwipe announced a rights issue raising approximately 100 mNOK in capital, with the transaction now being completed. The rights issue was fully guaranteed through a combination of subscription commitments and underwriting commitments from the three largest shareholders in Zwipe. It was carried out in order to strengthen the company’s financial position and enable the transition from start-up to scale-up and achieve larger-scale commercialization. The fundraising will ensure the Group has sufficient working capital for the period covering at least 12 months from the date of close.
Conclusion and going forward
Zwipe ended the year on a positive note with sequential quarterly growth of 172% in Q4 revenue and the single largest commercial order in a quarter to date. There is reason to believe that the markets for Zwipe Pay and Zwipe Access are nearing an inflection point for increased commercial adoption of biometric technology solutions. Zwipe has good commercial traction, and expects more positive news flow in coming quarters. Our goals for 2023 include: executing the technology roadmap, completing the current R&D projects and maturing Zwipe technology to meet evolving demands; accelerating go-to-market for Zwipe's solutions to achieve large commercial scale; increasing our customer pipeline; supporting our SCM customers in becoming certified and mass production ready; executing more pilot projects in a streamlined manner; and continuing to invest intelligently in people and technology.
The aforementioned actions are expected to lead to positive business outcomes in 2023.
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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 Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 08:00 on 30 March 2023.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
ir@zwipe.com
OSLO NORWAY and CALIFORNIA, USA – 28 March 2023 – CardLogix, a global supplier of smart cards for authentication, encryption, biometric and other card operating systems has partnered with biometric cards pioneer Zwipe as its technology partner in pursuing the global market opportunities for biometric access cards.
With the disruptive Zwipe Access platform, CardLogix will be able to deliver highly advanced and secure biometric card products that are also exceedingly user-friendly.
According to Sebastien Goulet, CEO of CardLogix, “We are excited about the opportunity that this innovative technology represents. The biometric solution provided by Zwipe combines breakthrough technologies and is the ideal platform for the next generation of highly secure access, ID cards and CardLogix biometric solutions.”
According to the partnership, CardLogix will provide secure loading of smart credentials for Zwipe’s BSoC access cards.
“We are happy that Zwipe is a part of this collaboration. What adds significance to this partnership is the value that CardLogix will deliver to our US customers and the availability for them of our leading-edge biometric access cards. We look forward to strengthening this relationship for supplying biometrics-enabled cards to our integration partners for access control solutions and their customers in airport, data center, critical infrastructure and other secure facilities across North America.” says Robert Puskaric, President and CEO of Zwipe.
About CardLogix
CardLogix, based in Rancho Santa Margarita, California, USA, is a smart card & biometric solution provider, software developer, and the premier provider of smart card components with a comprehensive line of Software Development Kits (SDK), tools that enable swift card or biometric project development. Since 1998, CardLogix has supplied millions of cards and card components to over 84 countries around the world. As an expert in smart card and chip technology, card operating systems, card software, biometric enrollment, validation, verification, development tools, and middleware, CardLogix has continuously been at the forefront of smart card and biometric technology offering all types of solutions.
Please send media inquiries at sales@cardlogix.com
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit www.zwipe.com
OSLO, NORWAY and TRIPOLI, LIBYA – 8th MARCH 2022 – Zwipe and Mediterranean Bank are pleased to confirm that they will pilot Biometric Payment Cards built on the Zwipe Pay platform, making it the first pilot of biometric payment cards in Libya.
Mediterranean Bank is a medium-sized bank in Libya, focusing on corporates, small and medium sized enterprises (SMEs) and entrepreneurs, with branches in all major Libyan cities like Benghazi, Tripoli and others. The bank is keen to pilot Zwipe’s disruptive “single silicon” biometric payment card platform and assess its impact on making payment experience seamless and more secure for consumers. Libya is a key emerging market in Africa that is seeking innovation in its payment ecosystem with the objective to minimize fraud, corruption and uplift user experience.
Speaking on this development, Mr. Ahmed Nafo, Chief Information Officer at Mediterranean Bank said, “We are very pleased to partner with Zwipe, a leading technology brand in biometric payment cards. We are especially proud to be the first bank in Libya to introduce this world-class innovation. We want to ensure that our customers are extremely well protected when using payment cards and enjoy a great user experience. Our collaboration with Zwipe is well timed and strongly complements our vision to be a customer centric bank. We are looking forward to launching the pilot in Q2 2022 as a step to deployment of the cards later in the year.”
As part of this collaboration, Zwipe will train key stakeholders in the bank on all aspects of issuing and managing biometric payment cards. These cards will be delivered by one of the Zwipe certified smart card manufacturers in the region.
Ramzi Saboury, General Manager of Zwipe in the MENA Region said, “We are excited to enter the Libyan market with Mediterranean Bank and help them to pilot their next generation payment cards. In close collaboration with our regional partners, we will be supporting the bank through all the stages of the pilot and launch, ensuring the best experience for the bank’s consumers.”
For further information please contact:
André Løvestam, CEO, +47 93 43 69 52 info@zwipe.com
About Mediterranean Bank
Mediterranean Bank is a medium-sized bank in Libya, focusing on corporates, small and medium sized enterprises (SMEs) and entrepreneurs, with branches in all major Libyan cities like Benghazi, Tripoli and others.
For more info contact the bank at info@meditbank.ly, Tel: +218 61 9082167
or visit www.meditbank.ly
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries & cultures to make convenience safe & secure. We are pioneering next-generation biometric card and wearables technology for both payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit www.zwipe.com
OSLO, NORWAY and MELBOURNE, AUSTRALIA – 2 March 2022 – Placard, Australia’s largest card manufacturer and the only one qualified by all major card schemes, has selected biometric fintech pioneer Zwipe as its technology partner in pursuing the global market opportunities for biometric payment cards and other security products.
Placard delivers more than 100 million cards each year for the most established brands in the financial, retail, identification, government, loyalty and hospitality sectors. Placard’s success over the past two decades is accredited to high-quality products and a deep understanding of how new technology and product innovations can benefit customers and societies at large. With the disruptive Zwipe Pay platform, Placard will be able to deliver highly advanced and secure biometric card products that are also exceedingly user-friendly.
“We are excited about the opportunity that this innovative technology represents. The biometric solution provided by Zwipe combines break-through technologies and is the ideal platform for the next generation of payment cards. We believe that highly secure touch-less payments and PIN-free cards create a very compelling proposition for consumers and that our collaboration with Zwipe will provide differentiation and meaningful commercial value to our customers”, said Tess Barone, General Manager Sales & Marketing, Placard.
As part of this agreement, Zwipe will provide biometric technology, technical services and go-to-market commercialization support to enable Placard to manufacture biometric cards. The partners will engage with issuers and other enterprises to run pilots from Q2 2022, followed by full commercial rollouts.
Commenting on this partnership, André Løvestam, CEO at Zwipe, said: “We are very pleased to announce our partnership with Placard, one of the most prominent card manufacturers in the Australasian region. There is a clear growing interest in biometric payment cards globally and Placard will be vital in accelerating the deployment of biometric payment cards to banks and consumers. Zwipe will be supporting Placard’s clients during their launch processes to ensure the best customer experience and successful commercialization.”
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About Placard
Placard is an Australian organization which has been established since 1987, and is Australia’s largest secure plastic card manufacturer. Placard is continuously expanding, providing comprehensive card programs to over 500 clients and producing upwards of 100 million cards per year. Placard provides end to end card solutions and has a reputation of meeting its commitments to its clients and consistently achieves service levels beyond its clients’ expectations.
Placard’s secure manufacturing and bureau facilities are Visa, MasterCard, China Union Pay and American Express accredited to the highest level.
Placard’s core competencies lie in the design, printing, manufacture, personalization and mailing of ISO Standard secure and non-secure plastic cards. With Bureau services encompassing the latest Visa and MasterCard EMV standards for embossing, manufacture of Dual Interface cards, magnetic stripe encoding, indent printing, thermal print duable flat graphics, high quality Drop on Demand personalization, laser printing processes and intelligent matching & mailing services.
For more information, please visit www.placard.com.au or call Tess Barone, General Manager, Sales & Marketing on +61 3 9722 5200.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For further information please contact:
André Løvestam, CEO, +47 934 36 952, info@zwipe.com
OSLO, NORWAY and DOHA, QATAR – 28 FEBRUARY 2022 - Zwipe has partnered with Qatar Fintech Hub to bring Zwipe Pay enabled next generation biometric payment cards in the market. With this technology, the partners will deliver the highest level of security and safety with world-class user experience in making in-store payments.
Founded by Qatar Development Bank (QDB), Qatar FinTech Hub supports the growth of the fintech industry in Qatar in collaboration with leading players in FinTech ecosystem in Qatar and tie ups with major FinTech hubs including the UK, Turkey, Australia and Singapore. There is a big focus on partnering with technology pioneers who will make a difference in the payments space and bring it to a new level of experience.
Ibrahim Abdulaziz Al Mannai, Executive Director – Advisory, Qatar Development Bank, said: “I am very happy to announce the collaboration with Zwipe and welcome them as a valued member at the Qatar Fintech Hub. Zwipe is one of the leading technology brands for biometric payment solutions. Our innovation programs have witnessed tremendous success since their launch, and we are extremely happy to incorporate biometrics now. This collaboration with greatly enrich our technology competency and help Qatar to become a regional hub of fintech solutions, catering to the needs of the global market.”
As part of this collaboration, both parties will join forces to drive education, awareness building and engagement on biometric payment solutions in Qatar enabling issuers to pilot and launch next generation payment experience.
Speaking on this collaboration, General Manager for Zwipe in the MENA region, Ramzi Saboury said, “We are honored to be partnering with Qatar Fintech Hub as we believe this collaboration will further accelerate the adoption of Zwipe Pay enabled biometric payment cards among fintechs, issuers, processors and consumers. Qatar is a core market for us in the MENA region and we are already engaging with issuers in the country to pilot Zwipe Pay and be amongst the first in MENA to deploy the next Gen biometric cards.”
About QFTH
Launched by Qatar Development Bank (QDB) in May 2018, with the support of Qatar Central Bank (QCB), Qatar FinTech Hub (QFTH) is part of QDB’s FinTech vision and ambitions.
QFTH is a global FinTech hub with the purpose to support the development of the FinTech industry in Qatar. It aims to facilitate collaboration among the participants and stakeholders of the FinTech ecosystem and develop local and global relationships that will advance the bank’s FinTech vision.
QFTH brings together talented entrepreneurs, investors, and enablers to develop disruptive technologies so that great visions become reality.
QFTH offers a globally interconnected cluster, which gathers a vibrant community of FinTech entrepreneurs, industry experts, regulators, and investors.
To offer the best global opportunities, expertise, and develop a collaborative FinTech ecosystem, QFTH has tied up with global FinTech hubs, financial institutions, universities, technology partners, industry experts and others.
QFTH holds considerable opportunities for economic diversification, one of the four pillars of the Qatar National Vision 2030 that seeks to “transform Qatar into an advanced society capable of achieving sustainable development” by 2030.
For further information please contact: André Løvestam, CEO, +47 934 36 952, info@zwipe.com
OSLO, NORWAY – 23 February 2022 – Zwipe AS today publishes its annual report 2021.
Highlights for 2021 include:
Financials
Significant events 2021
Significant events after the period
CEO comments
"2021 was a transformative year for Zwipe, preparing the ground for commercial success in 2022.
Our technology platform was upgraded to a cutting-edge, third-generation single silicon platform that provides best-in-class biometric performance at highly competitive cost levels. We prepared for submission of reference cards based on Zwipe Pay components to accredited laboratories for certification by both Visa and Mastercard. The submission has been made and, together with our biometric card manufacturing partners, the certification tests are proceeding according to plan. Based on this, and the core components in our Zwipe Pay platform being validated through Idemia’s certifications obtained in November 2021, we are confident we are closing in on certification as planned.
During 2021 we have also continued to build commercial momentum. We announced engagements with nine new smart card manufacturers and card personalization bureaus during the year, representing an annual volume above 250m payment cards. We also extended and expanded our partnership with TAG Systems, which delivers an additional 100+ million payment cards per annum. Each new partner and customer in our ecosystem contribute to increasing the value creation potential and reducing the risk for Zwipe and its stakeholders.
A great milestone for Zwipe in 2021 was the receipt of commercial orders from BCC, Inkript, and yet another card manufacturing customer for complete Zwipe Pay deliveries worth more than NOK 20m, to be delivered primarily in 2022.
As a complement to our "push" approach, targeting smart card manufacturers as our direct customers, we continued to broaden our go-to-market strategy with the "pull" approach. That means we are marketing the benefits of biometric cards to partners and indirect clients, such as financial institutions – our customers’ customers. This move has allowed us to accelerate awareness, create strong demand for our biometric payment option, take more control of our destiny, and significantly strengthen our strategic position and brand equity.
The results of these efforts started coming to fruition in 2021, when Zwipe announced commitments for 14 pilots with 11 new issuers, including a global Tier-1 bank that will pilot Zwipe Pay in three European markets. We also entered go-to-market and implementation partnerships with many payment processors and, most recently, a major US company that is one of the world’s largest payment services providers. Such partners enable us to leverage their long-term, trust-based relationships with hundreds of banks worldwide to further accelerate the deployment of biometric payment cards built on our platform. I often refer to this as “the Megaphone Effect”, which is fundamental to our pull strategy.
We have upgraded our sales-enabling services and tools to support these processes and our customers. For example, this has resulted in the launch of new services such as "Zwipe Experience" (pilot and launch program services) and Zwipe Insights (consumer research to gauge demand for biometric payments), to name a few. The ROI calculator for issuers, created together with industry experts, is another example. It demonstrated that, even without an additional card fee from consumers, Zwipe Pay could deliver a $22.4m annual net benefit for an average US issuer converting a portfolio of 1 million credit cards, 1 million debit cards, and 100,000 commercial cards to biometric cards.
As part of our end-to-end offering, ranging from leading technology to professional sales enablement, these kinds of services and initiatives make Zwipe stand out from the crowd, adding considerable value to customers.
In addition, Zwipe announced its first entry into adjacent sectors, starting with the launch of “Zwipe Access”, building on years of investments into our advanced biometric authentication technology platform designed to fulfil the highest criteria for security, scalability, and mass-volume implementation. At the same time, we announced collaborations with several leading companies in the security industry; notably HID Global, LeGrand, and Southco. This coalition will bring a highly advanced, cost-effective biometric authentication solution to market, fully capable of working with existing access control infrastructure.
We also raised NOK 104 million in a private placement directed towards one of the Nordic’s most respected investors, Erik Selin. This means that our shareholder base and finances have been significantly strengthened in 2021.
Adding to our confidence in our future outlook is the consistent evidence from numerous consumer surveys covering more than 2,500 cardholders from diverse markets around the world that cardholders want the touch-less and PIN-free experience with world-class security that is made possible by biometric payment cards. 56% said they were willing to pay to get a biometric card and 57% said they were willing to switch banks to get a biometric card. These findings, which are consistent with survey findings of industry peers and other analyst reports, suggest that launches of biometric cards will offer valuable differentiation to first-moving banks and trigger competitive reactions from others.
Like most other companies engaged in multinational development projects, Zwipe has, as mentioned before, been impacted by COVID-19 through added complexity and extended lead times. However, I have been impressed by the grit and determination of my team and technology partners, systematically overcoming hurdles and setbacks along the way.
I want to express my deep gratitude to the exceptional team of Zwipers for their unfailing efforts through this challenging pandemic which has taken its toll on everyone.
My sincere thanks also go out to all our customers, partners, and shareholders for supporting our journey and sharing our mission - Making Convenience Safe and Secure.
I am looking forward to 2022 with a lot of excitement due to the prospects ahead.” says CEO of Zwipe André Løvestam.
Please find the annual report here
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For more information, please contact:
Lars Kristian Solheim, CFO
+47 991 661 35
lars.kristian@zwipe.com
OSLO, NORWAY – 23 February 2022 – Zwipe AS today publishes its second half-year 2021 report.
Summary of financial development for the second half-year 2021:
Please find the second half-year report here
The annual report 2021 will be released through a separate stock exchange announcement shortly after this announcement.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For more information, please contact:
Lars Kristian Solheim, CFO
+47 991 661 35
lars.kristian@zwipe.com
This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo, 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 07:58 CET on 23 February 2022.
OSLO, NORWAY – 23 February 2022- The share capital increase of 384,000 new shares in Zwipe AS, as resolved by the board meeting of the company on 20 January 2022, has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 3,736,668.50, and the new number of shares and votes are 37,366,685.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For more information, please contact:
Lars Kristian Solheim, CFO
+47 991 661 35
lars.kristian@zwipe.com
This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Market Oslo and on Nasdaq First North Growth Market Stockholm. 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 00:20 CET on 23 February 2022.
OSLO, NORWAY – 22 February 2022- The share capital increase of 384,000 new shares in Zwipe AS, as resolved by the board meeting of the company on 20 January 2022, has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 3,736,668.50, and the new number of shares and votes are 37,266,685.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For more information, please contact:
Lars Kristian Solheim, CFO
+47 991 661 35
lars.kristian@zwipe.com
This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Market Oslo and on Nasdaq First North Growth Market Stockholm. 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 20:00 CET on 22 February 2022.
OSLO, NORWAY and DELHI, INDIA – 21 February 2022 – sKarn RoboticS, a high-tech company providing security and privacy solutions to businesses, consumers, and the government sector, is strengthening its solution portfolio with biometric access control and co-branded biometric payment cards built on Zwipe’s technology. Headquartered in Oslo with a global presence, Zwipe is pioneering the deployment of the next generation biometric payment and access control cards globally.
Founded in 2019, sKarn RoboticS is one of the key contributors to the ‘Self Reliance’ initiative of the Indian government. The company is investing heavily in building ultra-secure digital products and services ecosystems for end-users and businesses. Its WeCript portfolio delivers high-grade security and privacy controls for remote communication, secure searching, browsing, SaaS and e-commerce. Right to privacy, right to freedom and right to information are the three core values at sKarn RoboticS. The company recently won “2021 Global Revolutionary Founder of the Year” and “2021 Global Innovative Product of the Year” from the Government of India.
Speaking on the collaboration, sKarn RoboticS’s Founder & COO, THE KARN, said, “Our mission is to provide highly secured digital services that significantly empower end-users with top rated privacy, security and digital experience. Zwipe’s extremely secure biometric payment and access control cards strongly complement our core values and fit perfectly in the WeCript Ecosystem, our solution portfolio. From Q3 2022 or before, we aim to launch pilots for our B2C and B2B customers with a few thousand biometric access control and payment cards and expect a rapid scale-up thereafter. Biometric cards will create meaningful value for all our customers.”
sKarn RoboticS will take deliveries from selected manufacturers of biometric cards in Zwipe’s global ecosystem with focus on India and key growth markets.
Commenting on this development, André Løvestam, Chief Executive Officer at Zwipe, said: “It is great to see an ambitious and fast-moving high-tech security solution provider such as sKarn RoboticS, with its WeCript Ecosystem, recognize the value of biometric cards for its customers. Both organizations share the passion to deliver enhanced security, privacy and convenience to our direct customers and end customers. We are very much looking forward to our collaboration with sKarn RoboticS and their customers”.
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About sKarn RoboticS
Founded in 2019 by THE KARN, sKarn RoboticS is an Indian tech start-up company, govt. accredited and recognized by DPIIT as start-up India. Carrying forward the Indian government's initiative, sKarn RoboticS is working on prioritizing the significance of building a safe and secure internet ecosystem for the users and businesses. Its private and secure product line named "WeCript Ecosystem'' is a product of the visionary thinking of the founder of sKarn RoboticS, THE KARN about making India and world self-reliant. The company aims to ensure data protection and privacy for users, serving right and relevant results across the web through WeCript Ecosystem.
Core Values of sKarn/Wecript Ecosystem:
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For further information please contact: André Løvestam, CEO, +47 934 36 952, info@zwipe.com
OSLO, NORWAY and KUALA LUMPUR, MALAYSIA – 16 February 2021 – Modularsoft, Malaysia’s leading full service smart card company, has entered into a partnership with fintech Zwipe to enable banks in Malaysia to deploy the next generation of biometric enabled contactless payment cards.
Modularsoft (also known as Modular) has been a leader in the smart card industry in Malaysia since 2007. As a fully certified provider of smart cards to the majority of Malaysian banks, Modular continues to drive innovation and bring new levels of service to the industry. Its customers include banks, fintech companies, educational institutions, insurance, healthcare and telecommunication companies across Malaysia. With the Zwipe Pay platform, Modular will further strengthen its product portfolio with this new innovative biometric card technology that is both user-friendly and highly secure.
Speaking on the collaboration, Haleelur Rahman AG, General Manager Modularsoft, said, “We are excited about the opportunities that biometric payment cards bring to us and our issuer clients. The biometric card platform provided by Zwipe combines a number of break-through technologies and drives us forward into the next generation of payment cards. We believe that highly secure and touch-less payment cards will create a very compelling proposition for banks and consumers. Our collaboration with Zwipe will provide differentiation and visible commercial value to our customers.”.
As part of the collaboration, Zwipe will provide Modular with technical and commercial support to drive the implementation of Zwipe Pay biometric cards, including a range of value added services for issuers. The cards will be manufactured by one of Zwipe’s certified smart card manufacturers in the region. The partners will engage with issuers and enterprises across Malaysia with the objective of deploying pilots and full commercial rollouts.
Commenting on this partnership, André Løvestam, Chief Executive Office at Zwipe, said: “We are very pleased to announce our partnership with Modular, Malaysia’s leading card bureau and a highly trusted brand in delivering payment cards and personalization solutions to issuers in Malaysia. I am confident that this partnership will lead to multiple commercial launches of Biometric Payment Cards and I look forward to a very successful long term relationship between our companies.”
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About Modular
Modular is the leading player in the region within the smartcard industry, specifically in the banking and finance domain. The group gained recognition and credibility by successfully implementing the government initiative of enabling all banks to migrate from magnetic strips to chip based ATM cards; to date the group has delivered in excess of 75 million bankcards. Modular has a dedicated team of IT professionals with domain expertise in Banking and Finance, Insurance, Telecommunications and Healthcare. Modularsoft Sdn Bhd was established to provide both IT and consulting services to its current array of banking customers.
For more information, please contact us at enquiry@modular-corp.com or visit modularsoft.com.my or call +603-2711 1280.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For further information please contact: André Løvestam, CEO, +47 934 36 952, info@zwipe.com
