NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT INFORMATION" SECTION BELOW
OSLO, NORWAY – 6 MARCH 2023 - Reference is made to previous stock exchange announcements from Zwipe AS (the "Company" or "Zwipe") regarding a fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares"), raising gross proceeds of NOK 100,137,825,60 (the "Rights Issue").
The subscription period in the Rights Issue starts today, 6 March 2023, at 09:00 hours (CET). Certain information about the Rights Issue is set out below. The complete terms and conditions of the Rights Issue are set out in the Prospectus (as defined below).
Erik Penser Bank AB is acting as manager in the Rights Issue (the "Manager").
Allocation and grant of subscription rights
The shareholders of the Company as of 27 February 2023 and being registered as such in Euronext Securities Oslo, the Norwegian Central Securities Depository ("VPS") or in Euroclear Sweden AB through the arrangement with SIX SIS AG ("Euroclear") as at the expiry of 1 March 2023 (the "Record Date", the "Existing Shareholders" and "Existing Share(s)") will be granted transferable subscription rights in the Rights Issue (the "Subscription Rights") that, subject to applicable law, provide preferential rights to subscribe for, and be allocated, Offer Shares at a subscription price of NOK 4.80 each (the "Subscription Price").
Each Existing Shareholder has been granted one (1) Subscription Right for each Existing Share registered as held by the Existing Shareholder in VPS or in Euroclear at the Record Date. The Subscription Rights have been distributed free of charge to the Existing Shareholders.
Nine (9) Subscription Rights will, subject to applicable law, give the right to subscribe for, and be allocated, five (5) Offer Shares in the Rights Issue.
The grant or purchase of Subscription Rights and the subscription of Offer Shares by persons resident in, or who are citizens of countries other than Norway or Sweden, may be affected by laws of the relevant jurisdiction. For more information regarding restrictions in relation to the Rights Issue, see Section 16 "Selling and Transfer Restrictions" in the prospectus prepared by the Company and dated 1 March 2023 (the "Prospectus"). The Prospectus is, subject to applicable local securities laws, available at the websites of the Company (https://www.zwipe.com/investors/reports) and the Manager (https://www.penser.se/corporate-finance/#pagaende-uppdrag).
Subscription period
The subscription period will commence on 6 March 2023 at 09:00 hours (CET) and end on 20 March 2023 at 16:30 hours (CET) (the "Subscription Period"). The Subscription Period may not be shortened, but the Company's board of directors (the "Board") may extend the Subscription Period and, if so required by the EU Prospectus Regulation, make public a supplement to the Prospectus.
Subscription Rights
The Subscription Rights in the Rights Issue will be tradeable on Euronext Growth Oslo under the ticker code "ZWIPT" and on Nasdaq First North Growth Market under the ticker code "ZWIPE TR" from 6 March 2023 at 09:00 hours (CET) until close of trading on Euronext Growth Oslo (at 16:30 hours CET) and on Nasdaq First North Growth Market (at 17:30 hours CET), respectively, on 14 March 2023.
Persons intending to trade in Subscription Rights should be aware that trading in, and exercise of, Subscription Rights by holders who are located in jurisdictions outside of Norway or Sweden may be restricted or prohibited by applicable securities laws. See Section 16 "Selling and Transfer Restrictions" in the Prospectus for further information.
Subscription Rights that are not used to subscribe for Offer Shares before the expiry of the Subscription Period on 20 March 2023 at 16:30 hours (CET) or sold before 14 March at 16:30 hours (CET) will have no value and will lapse without compensation to the holder.
The Subscription Rights are expected to have economic value if the Company's shares trade above the Subscription Price during the Subscription Period. Existing Shareholders who do not use their Subscription Rights will experience a dilution of their shareholding in the Company, as further detailed in Section 5.22 "Dilution" of the Prospectus.
Subscription Price
The Subscription Price is NOK 4.80 per Offer Share.
Subscription procedures
Subscription procedures for subscribers with a VPS account
Subscriptions for Offer Shares by subscribers with a VPS account must be made by submitting a correctly completed subscription form ("Subscription Form") to DNB Bank ASA, Registrar's Department (the "VPS Registrar") during the Subscription Period, or may, for subscribers who are residents of Norway with a Norwegian personal identification number (Nw. fødselsnummer), be made online as further described below.
Correctly completed Subscription Forms must be received by the VPS Registrar at the following address: Dronning Eufemias gate 30, P.O. Box 1600 Sentrum, N-0021 Oslo, Norway, or e-mail address: retail@dnb.no , or in the case of online subscriptions be registered, no later than 16:30 hours (CET) on 20 March 2023.
Subscribers who are residents of Norway with a Norwegian personal identification number are encouraged to subscribe for Offer Shares through the VPS online subscription system (or by following the link on https://www.zwipe.com/investors/reports, which will redirect the subscriber to the VPS online subscription system). All online subscribers must verify that they are Norwegian residents by entering their national identity number. In addition, the VPS online subscription system is only available for individual persons and is not available for legal entities. Legal entities must, thus, submit a Subscription Form in order to subscribe for Offer Shares. Subscriptions made through the VPS online subscription system must be duly registered before the expiry of the Subscription Period.
Subscribers that are not able to use the VPS online subscription system must submit a correctly completed Subscription Form to the VPS Registrar during the Subscription Period. The Subscription Form is attached to the Prospectus.
Subscription procedures for the Swedish market
Subscriptions for Offer Shares by holders of Subscription Rights through Euroclear must be made pursuant to the instructions they receive from either Euroclear or the holders' bank or financial intermediary during the Subscription Period.
The underwriting and subscription commitments
The gross proceeds of the Rights Issue have been fully guaranteed by certain pre-committed shareholders (the "Pre-Committed Shareholders") and certain underwriting shareholders (the "Underwriters") in underwriting agreements dated 22 November 2022 (the "Underwriting Agreements" and the "Underwriting"). The Underwriters have, on a firm commitment basis, undertaken, severally and not jointly, and otherwise on the terms and conditions set out in the Underwriting Agreements to underwrite the Rights Issue for a total underwriting amount of NOK 65,612,198.40, i.e. for all the Offer Shares less an amount of NOK 34,525,627.20 being covered by subscription commitments from the Pre-Committed Shareholders.
Pursuant to the Underwriting Agreements, each Underwriter will receive an underwriting fee of 14% of their respective underwritten amount.
The Underwriting will expire in the event that the relevant Underwriter is not notified of any allocation under the Underwriting Agreement within 30 April 2023.
See Section 5.23 "The Underwriting and Subscription Commitments" in the Prospectus for further information about the Underwriters and the Pre-committed Shareholders.
Conditions for completion of the Rights Issue
The completion of the Rights Issue is subject to the Underwriting Agreements remaining in full force and effect if required in order to raise the gross proceeds.
If it becomes clear to the Board that the entire gross proceeds of the Rights Issue will not be raised, for instance due to the Company not having received the aggregate subscription amount for the Offer Shares, the Rights Issue will be withdrawn. The Board may choose to delay completion of the Rights Issue if part of the subscription amount is not received by the Company on time.
If the Rights Issue is withdrawn, all Subscription Rights will lapse without value, any subscriptions for, and allocations of, Offer Shares that have been made will be disregarded and any payments for Offer Shares made will be returned to the subscribers without interest or any other compensation. The lapsing of Subscription Rights will be without prejudice to the validity of any trades in Subscription Rights, and investors will not receive any refund or compensation in respect of Subscription Rights having been purchased in the market.
See section 5.5 "Completion of the Rights Issue" in the Prospectus for further information about the completion of the Rights Issue.
Financial intermediaries
All persons or entities holding Existing Shares or Subscription Rights through financial intermediaries (e.g., brokers, custodians and nominees) should read Section 5.12 "Financial intermediaries" in the Prospectus. All questions concerning the timeliness, validity and form of instructions to a financial intermediary in relation to the exercise of Subscription Rights should be determined by the financial intermediary in accordance with its usual customer relations procedure or as it otherwise notifies each beneficial shareholder.
Allocation of Offer Shares – listing and commencement of trading in the Offer Shares
Following expiry of the Subscription Period, the Offer Shares will be allocated to subscribers in accordance with the allocation principles described in Section 5.14 "Allocation of the Offer Shares" in the Prospectus. Payment for allocated Offer Shares falls due on or about 24 March 2023.
Subject to timely payment of the entire subscription amount in the Rights Issue, the Company expects that the share capital increase pertaining to the Rights Issue will be registered with the Norwegian Register of Business Enterprises on or about 28 March 2023. Under the same conditions, allocated Offer Shares are expected to be delivered on or about 29 March 2023 through the facilities of VPS and on or about 31 March 2023 through the facilities of Euroclear. Trading in the Offer Shares on Euronext Growth Oslo is expected to commence on or about 28 March 2023 and on Nasdaq First North Growth Market on or about 31 March 2023.
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This information is published in accordance with the requirements of the Continuing Obligations set out in Euronext Growth Rule Book Part II for Euronext Growth Oslo.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@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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IMPORTANT INFORMATION
The information in this press release neither contains nor constitutes an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Zwipe. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Norway and Sweden. The invitation to interested persons to subscribe for shares in Zwipe will only take place through the Prospectus published by Zwipe on 3 March 2023. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, Russia, Belarus or any other jurisdiction where such action would be illegal, subject to legal restrictions or require measures other than those that follow from Norwegian and Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation. No shares or other securities of Zwipe have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933 from time to time ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and pursuant to the securities laws of the relevant state or other jurisdiction in the United States. This communication is distributed to and directed solely to persons in the United Kingdom who are (i) professional investors falling within the scope of Article 19(5) of the U.K. from time to time in force; Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") or (ii) high net worth subjects and other persons to whom this notice may lawfully be addressed, who are subject to Article 49(2)(a)-(d) ) in the Order (all such persons are collectively referred to as "Relevant Persons"). Persons who are not Relevant Persons may not act on or rely on the information in this communication. An investment or investment measure referred to in this communication is only possible for Relevant Persons and will only be completed with Relevant Persons. Persons who disseminate this communication must themselves ensure that such dissemination is permitted.
Forward-looking statements
This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements.
Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Euronext Growth Oslo's or Nasdaq First North Growth Markets' regulations for issuers.
OSLO, NORWAY – 3 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 15 February 2023 regarding the approval by the Company's extraordinary general meeting of a fully guaranteed rights issue of 20,862,047 new shares in the Company, at a subscription price of NOK 4.80 per new share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue") with transferable preferential rights to subscribe for, and be allocated, the new shares in the Rights Issue (the "Subscription Rights") by the Company's shareholders as of 27 February 2023 (and being registered as such in the VPS or in Euroclear as at the expiry of 1 March 2023).
Please see the attached notifications of trade for information regarding the primary insiders' and their close associates' receipt of Subscription Rights in the Rights Issue.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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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
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT INFORMATION" SECTION BELOW
OSLO, NORWAY – 1 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company" or "Zwipe") on 15 February 2023 regarding the approval by the Company's extraordinary general meeting of a fully guaranteed rights issue of 20,862,047 new shares in the Company, at a subscription price of NOK 4.80 per new share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The Financial Supervisory Authority of Norway (Nw. Finanstilsynet) has today, on 1 March 2023, approved a prospectus prepared by the Company in connection with the Rights Issue (the "Prospectus"). The Prospectus is expected to be passported to Sweden tomorrow, on 2 March 2023. Subject to applicable local securities laws, the Prospectus will be made available at the Company's website (https://www.zwipe.com/investors/reports) and the website of Erik Penser Bank (https://www.penser.se/corporate-finance/#pagaende-uppdrag) during the course of 3 March 2023. Physical copies of the prospectus may be obtained free of charge at the Company's offices at Rådhusgata 24, NO-0151 Oslo, Norway by contacting the Company.
The subscription period for the Rights Issue will, subject to it being passported to Sweden and published, commence on 6 March 2023 at 09:00 hours CET and expire on 20 March 2023 at 16:30 hours CET. Subject to the commencement of the subscription period as indicated in the foregoing, the subscription rights in the Rights Issue will be tradeable on Euronext Growth Oslo under the ticker code "ZWIPT" and on Nasdaq First North Growth Market under the ticker code "ZWIPE TR" from 6 March 2023 at 09:00 hours CET until close of trading on Euronext Growth Oslo (at 16:30 hours CET) and on Nasdaq First North Growth Market (at 17:30 hours CET), respectively, on 14 March 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 20:50 CET on 1 March 2023.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
Tel: +47 909 98 201 and e-mail: ir@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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IMPORTANT INFORMATION
The information in this press release neither contains nor constitutes an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Zwipe. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Norway and Sweden. The invitation to interested persons to subscribe for shares in Zwipe will only take place through the prospectus that Zwipe expects to be able to publish around 3 March 2023. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, Russia, Belarus or any other jurisdiction where such action would be illegal, subject to legal restrictions or require measures other than those that follow from Norwegian and Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation. No shares or other securities of Zwipe have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933 from time to time ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and pursuant to the securities laws of the relevant state or other jurisdiction in the United States. This communication is distributed to and directed solely to persons in the United Kingdom who are (i) professional investors falling within the scope of Article 19(5) of the U.K. from time to time in force; Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") or (ii) high net worth subjects and other persons to whom this notice may lawfully be addressed, who are subject to Article 49(2)(a)-(d) ) in the Order (all such persons are collectively referred to as "Relevant Persons"). Persons who are not Relevant Persons may not act on or rely on the information in this communication. An investment or investment measure referred to in this communication is only possible for Relevant Persons and will only be completed with Relevant Persons. Persons who disseminate this communication must themselves ensure that such dissemination is permitted.
Forward-looking statements
This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements.
Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to
reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Nasdaq First North Growth Markets' regulations for issuers.
OSLO, NORWAY and JAKARTA, INDONESIA - 1 March 2023 – Wahyukartu, one of Indonesia’s leading smart card manufacturers is partnering with Zwipe to deliver biometric payment cards in Indonesia. Wahyukartu is the country's largest smartcard manufacturer in the identity market as well as the largest personalization bureau in the banking sector.
As part of this collaboration, Zwipe and Wahyukartu will jointly pursue business opportunities for biometric cards in the smart cards market.
Speaking on the partnership Ruddy Hartanto, Founder of Wahyukartu said “Our products have served the Indonesian market for more than 30 years. As a leading smart card provider in Indonesia, we have successfully partnered with many local and international brands. Our partnership with Zwipe will deploy biometric cards technology to ensure the highest standards in security for our customers.”
Zwipe will provide technology and expertise to enable Wahyukartu to manufacture and personalize biometric payment cards using theZwipe platform.
“We are pleased that Wahyukartu is partnering with Zwipe which will help bring biometric payment cards to Indonesia. With Wahyukartu’s strong and diverse customer presence, this collaboration strengthens Zwipe’s position in the APAC market. Zwipe’s expertise and leadership on biometric payment cards platform will enable Wahyukartu to deliver innovative, secure and convenient payment cards to their customers,” said Robert Puskaric, CEO of Zwipe.
About Wahyukartu
Founded in 1991, Wahyukartu is Indonesia’s biggest and first card manufacturer that is completely certified in Indonesia to have ISO, Visa, Mastercard, JCB, NSI, and personalization bureau card certifications. We offer the best quality cards by applying state-of-the-art technology, appointing well-trained human resources and utilizing the best materials available in our printing process to meet customer requirements.
To learn more, visit wahyukartu.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 & 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, visit zwipe.com
Issuer name: Zwipe AS
Ex. date: 28 February 2023
Type of corporate action: Rights issue
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.
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For more information, please contact:
Danielle Glenn, CFO and Head of IR
ir@zwipe.com
OSLO, NORWAY – 27 February 2023 - Reference is made to the fully guaranteed rights issue in Zwipe AS (the "Company"), raising gross proceeds of approximately NOK 100 million as approved by the Company's general meeting (the "Rights Issue"). The information below updates the key information relating to the Rights Issue announced by the Company on 22 November 2022.
Date on which the terms and conditions of the preferential rights issue were announced: 22 November 2022
Last day including right: 27 February 2023
Ex-date: 28 February 2023
Record Date: 1 March 2023
Date of approval: 2 December 2022 and 15 February 2023, respectively
Number of new shares: 20,862,047
Subscription price: NOK 4.80
Ratio subscription rights: Each existing shareholder as of 27 February 2023 (and being registered as such in the Norwegian Central Securities Depository, Euronext Securities Oslo, (the VPS) as at the expiry of 1 March 2023 (the record date)) will be granted one (1) subscription right for each share registered as held by the shareholder on the record date.
Subscription ratio: Nine (9) subscription rights will give the holder the right to subscribe for five (5) new shares (i.e. the holding of less than 9 subscription rights will not give the holder the right to subscribe for any new shares).
Manager: Erik Penser Bank AB
Will the subscription rights be listed – yes/no: Yes, subject to a prospectus for the Rights Issue (the "Prospectus") being approved by the Norwegian Financial Supervisory of Norway (the "NFSA") and published, the subscription rights will be admitted to trading on Euronext Growth Oslo. The subscription rights will be admitted to trading on Nasdaq First North Growth Market once the Prospectus approved by the NFSA is passported to Sweden and published.
ISIN for the subscription rights: The subscription rights to be listed on Euronext Growth Oslo will have ISIN NO 001 2818048 and ticker "ZWIPT" and the subscription rights to be listed on Nasdaq First North Growth Market will have ISIN SE 001 9891334 and ticker "ZWIPE TR".
Other information: The Rights Issue is fully guaranteed through a combination of subscription commitments and underwriting commitments. The underwriting commitments will expire in the event that the relevant underwriters are not notified of any allocation under the underwriting agreements within 30 April 2023. Subject to the approval by the NFSA, passporting to Sweden and publication of the Prospectus, the subscription period for the Rights Issue will commence on 6 March 2023 at 09:00 hours (CET) and end on 20 March 2023 at 16:30 hours (CET) and the subscription rights in the Rights Issue will be tradable from and including 09:00 hours (CET) on 6 March 2023 to 16:30 hours (CET) on 14 March 2023. Any changes in the dates included in this release will be communicated to the market by the Company.
This information is published in accordance with the requirements of the Continuing Obligations set out in Euronext Growth Rule Book Part II for Euronext Growth Oslo.
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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 more information, please contact:
Danielle Glenn, CFO and Head of IR
ir@zwipe.com
NEW ORLEANS, LOUISIANA and OSLO, NORWAY – 22 February 2023 – Civix, in partnership with Zwipe, is performing a new biometric technology Proof-of-Concept (POC) initiative at Richmond International Airport (RIC), a TSA-approved Airport Innovation Forum member in the USA.
Civix leverages Zwipe technology to power biometric smart cards for access control. The Civix ASC Access Cards use built-in fingerprint sensors to check the legitimacy of cardholders at points of entry. The cards are fully compatible with NFC card readers, so airports can use them to implement two-factor authentication without upgrading the existing hardware. The solution is also contactless, a priority for high-traffic facilities, like airports, in light of COVID-19.
National Safe Skies Alliance, Inc. (Safe Skies) is a non-profit organization that works with airports, government, and related industries to maintain a safe and effective aviation security system. Since 1997, they have been a trusted resource for decision makers seeking impartial information on airport security technology and procedures. The Federal Aviation Administration (FAA) provides funding for their programs and in this case, Safe Skies is performing testing as part of its Airport Security System Integrated Support Testing (ASSIST) program.
“We’re pleased to have Safe Skies involved in third-party testing of the ASC Access biometric card solution in a real-world airport environment at the Richmond Airport” said Tim Walsh, President of Civix Airports. "We’re grateful to have Zwipe on-board with their secure platform and access control technology."
Airports today need scalable and robust solutions that are secure, user-friendly, and cost-effective to deploy. Zwipe is part of the next generation of access control solutions that are non-duplicable, therefore improving security and eliminating the risk of stolen or borrowed access cards being used.
Robert Puskaric, President & CEO of Zwipe says, “We are extremely proud to be working with Safe Skies as part of this innovative Proof-of-Concept with Civix, a leading provider of solutions that are improving security at American airports.”
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About CIVIX
Built on decades of experience and a deep understanding of airport processes, Civix provides industry-leading solutions for managing airport operations, finance, and security. Our modular technology automates data sharing and seamlessly connects airport activities – improving oversight, revenue, and compliance. Our experts have worked in every facet of airport management, and Civix is a trusted partner to the FAA, state aeronautics departments, and over 100 airports worldwide. To learn more, please visit www.gocivix.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 technology for both payment and physical and 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
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For more information, please contact:
Danielle Glenn, CFO and Head of IR
OSLO, NORWAY – 15 FEBRUARY 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company" or "Zwipe") on 8 February 2023 and the notice dated 8 February 2023 of an extraordinary general meeting in the Company to be held on 15 February 2023 (the "EGM"). According to the notice, the board of directors of Zwipe (the "Board") proposed to repeat the resolution on share capital increase raising gross proceeds of approximately NOK 100 million (the "Rights Issue”) resolved by the extraordinary general meeting on 2 December 2022, by making the same resolution once again. Further, the board proposed that the general meeting resolves to amend the Company's articles of association to facilitate advanced voting at future general meetings.
The EGM has today approved both the repeated resolution on the rights issue and the amendment of the Company's articles of association. The minutes from the EGM have been attached to this notice and have also been made available on the Company's website, https://zwipe.com/investors.
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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 14:30 CET on 15 February 2023
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For more information, please contact:
Danielle Glenn, CFO and Head of IR
ir@zwipe.com
OSLO, NORWAY – 8 FEBRUARY 2023 - Reference is made to the extraordinary general meeting held on 2 December 2022 in Zwipe AS (the "Company" or "Zwipe"), regarding the resolution to complete a guaranteed rights issue in the Company, raising gross proceeds of approximately NOK 100 million (the "Rights Issue”).
Due to the Norwegian Private Limited Liability Companies Act requiring that the subscription period in share capital increases cannot be later than three months from the general meeting's resolution on the share capital increase and because the subscription period for the Rights Issue is planned to begin on 6 March 2023 and end on 20 March 2023, the board of directors of Zwipe (the "Board") calls for a new extraordinary general meeting (the "EGM") to repeat the resolution resolved by the extraordinary general meeting on 2 December 2022 by making the same resolution once again. For the avoidance of doubt, the Rights Issue to be voted on at the EGM is the same Rights Issue as was resolved by the general meeting on 2 December 2022. Further, the Board proposes that the Company's articles of association are amended to facilitate advanced voting at future general meetings.
The EGM will be held on 15 February 2023 at 12:00 hours CET. The general meeting will be held as a virtual meeting on Microsoft Teams.
Please find attached the notice to the EGM. The notice is also available on the Company's website, https://zwipe.com/investors.
The deadline for registration of attendance and proxies is 14 February 2023 at 16:00 hours CET. Shareholders are encouraged to register their notice of attendance and proxies via the link found on the Company's website https://zwipe.com/investors/general-meetings.
Alternatively, the notice of attendance and proxy forms included in the notice may be sent by e-mail to genf@dnb.no, or by regular post to DNB Bank ASA, Registrar's Department, P.O. Box 1600 Sentrum, 0021 Oslo, Norway.
In order to receive the link to the Microsoft Teams meeting, Zwipe's administration will need to have the shareholder's or proxy holder's e-mail address in advance. Thus, shareholders must after having registered their attendance also register their or its proxy's e-mail address by sending an email to ir@zwipe.com.
The Board has proposed the following agenda:
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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 12:00 CET on 8 February 2023.
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For more information, please contact:
Danielle Glenn, CFO and Head of IR
Tel: +47 909 98 201 and e-mail: ir@zwipe.com
OSLO, NORWAY and SINGAPORE – 2 November 2021 - Zwipe, a leading biometrics payment company, announced that it had appointed Claus Hansen as Vice President of Sales and Business Development, Asia Pacific (APAC) region. Mr Hansen will lead Zwipe's engagements with card manufacturers, issuers and technology partners to drive the adoption of biometric payment solutions in APAC.
With this appointment, Zwipe aims to strengthen its foothold in the APAC region. Mr Hansen will be accompanied with two existing colleagues at the newly-established Zwipe subsidiary in Singapore (Zwipe Singapore Pte. Ltd.) The new regional office strongly reinforces Zwipe’s long-term vision to support its partners and customers in the area.
Commenting on this latest Zwipe development in the APAC Region, André Løvestam, CEO of Zwipe said, "Claus's appointment demonstrates our commitment to one of the world's largest and most rapidly growing regions within payments. We have significant customer relationships in the APAC region and are excited by the strong interest that our Zwipe Pay ONE platform has received. Claus's deep smart card industry knowledge and proven track record in successfully launching new payment solutions in APAC will help us accelerate the full potential of our platform.”
Claus Hansen, Vice President of Sales and Business Development, APAC, said, "The Zwipe Pay ONE platform with a Single Silicon Biometric System on Card is a game-changer for the payments industry. I am very excited to join this visionary team of passionate people. Convenience, security and safety are important for consumers' choice of payment option. Zwipe is perfectly positioned to provide innovative card-based solutions allowing our clients to respond to market needs, as well as become the strategic technology partner of choice".
Mr Hansen brings over 25 years of payment technology, cybersecurity, fintech and smart card experience to the role. He has held senior executive management positions across multiple countries in Asia in Entrust, NXP Semiconductors, Gemalto, dz card and Kona I.
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For further information, please contact:
André Løvestam, CEO,
+47 991 66 135
info@zwipe.com
Acceleration på flera fronter
Zwipe fortsätter det höga tempo som bolaget har hållit hittills under året och har presenterat många spännande nyheter senaste kvartalet. Kvartalet har inneburit ett antal nya partnerskap med en mängd olika aktörer i branschen. Mest noterbart är den allt starkare närvaron i Mellanöstern och Asien, med avtal med bland annat partnerskap med go-to-market aktörerna ICPS, Nymcard, QPS och CCM. Vidare har pilotavtal också slutits med MEPS för Levantregionen, Credit Libanais, en större aktör i Libanon, det norska fintech-bolaget Reltime samt en större global Tier-1 bank med pilotlanseringar i tre europeiska länder. Till följd av den allt starkare närvaron i regionen Mellanöstern, Asien och Afrika har en Claus Hansen tillsatts som VP Sales and Business Development för APAC-regionen. (Asien-Stilla-havsregionen). Bolaget har utöver detta tagit viktiga steg i Latinamerika och Karibien, genom ett avtal med det Chile-baserade fintechbolaget IC Payments.
Ytterligare kommersiell order
I vår förra uppdatering lyfte vi fram den stora nyheten att bolaget mottagit sin första order. Den kom från BCC i Taiwan och uppgick till totalt 17 miljoner norska kronor. Kort efter att analysen publicerades följde bolaget upp med att tillkännagiva att Inkript, en av de största betalkortsleverantörerna i Menaregionen (Mellanöstern och Nord-afrika) har lagt en order på totalt 3 miljoner norska kronor. Iochmed detta så stärks bolagets kommersiella momentum ytterligare och det är inte orimligt att tro i detta läge att ytterligare ordrar kan finnas i närtid. Totalt har bolaget idag skarpa ordrar på 20 miljoner norska kronor trots att de i stort fortsatt befinner sig i ett förkommersiellt stadie.
Genombrott med Tier-1 aktörer
Värt att också lyfta fram är de framgångar som Zwipe fortsätter att röna med större globala Tier-1 aktörer. Detta är anmärkningsvärt för flera anledningar, då detta inte nödvändigtvis varit ett fokusområde tidigare för bolaget. Utvärderingen av bolagets Zwipe Pay One plattform sker nu av en global Tier-1 smartkortsleverantör och ett positivt utfall på detta kan få stora effekter. Vidare har bolaget också adderat en europeisk Tier-1 bank som ger ut flera miljoner kort årligen globalt och som skall genomföra en pilot i tre europeiska länder i Q1 2022. Givet ett positivt utfall på detta så siktar banken på en större kommersiell lansering under sommaren 2022. Mycket pekar med andra ord för att 2022 kan bli ett spännande år där det kommersiella genombrottet för biometriska kort tar fart ordentligt.
Bibehållen positiv syn
Kvartalet innehöll inga överraskningar i siffrorna med en omsättning på 0,4 miljoner NOK och ett kassaflöde på -5,3 miljoner NOK per månad. Vi justerar ned våra prognoser på kort sikt men bibehåller den starka synen på lång sikt och upprepar vårt motiverade värde på 43–46 kronor på 12–18 månaders sikt. Bolaget befinner sig fortsatt i ett starkt momentum och vi väntar oss ett intensivt nyhetsflöde de kommande månaderna. Vi ser störst risk i eventuella förseningar i kommersialiseringsprocessen.
OSLO, NORWAY – 26 October 2021
During the third quarter, Zwipe has continued to strengthen its foundation for launching pilots and mass-volume roll out of biometric payment cards.
Mauritius-based ICPS, one of Africa’s leading card personalization and processing service providers, partnered with Zwipe to bring biometric payment cards to Africa and Asia.
A global Tier 1 smartcard manufacturer started the evaluation of the Zwipe Pay ONE platform.
Zwipe received an MNOK 17 (USD 1.9 million) commercial order from Beautiful Card Corporation (BCC) in Taiwan, which produces around 520 million cards annually, of which around 20 million are EMV payment cards.
Middle East Payment Services (MEPS), a Jordan-based commercial issuer of payment cards, announced its decision to pilot Zwipe Pay ONE with executives at up to 20 Financial Institutions in the Levant region1.
Erik Selin invested MNOK 104 in Zwipe through a private placement to further accelerate development and commercialization of Zwipe.
A European-based Global Tier 1 Bank, with several millions of payment cards deployed globally, decided to pilot Zwipe Pay ONE-based Biometric Payment Cards in three European countries. The bank plans for a commercial launch in summer 2022, subject to positive pilot results.
Zwipe received a Commercial Order of MNOK 3 (USD 318,000) from Inkript, one of the largest payment card suppliers in the Middle East and North Africa (MENA) region.
UAE-based card issuing and processing provider NymCard joined forces with Zwipe to accelerate the deployment of biometric payment cards in the Middle East and Africa.
Zwipe and India-based Que Processing Services (QPS) announced collaboration to bring Zwipe Pay ONE biometric payment cards in Asia and the Middle East.
Zwipe and Lebanon-based Credit Card Management (CCM), who delivers payment services to more than 25 banks in Lebanon, announced collaboration to launch biometric payment card pilots in the country.
Norwegian fintech Reltime selected the Zwipe Pay ONE platform to power its biometric payment card offering as part of its global financial services ecosystem, with the aim to launch pilots from Q1 2022.
Zwipe America Inc. received full forgiveness of the second bank loan of $248 000 through the Paycheck Protection Program (PPP) which was granted and paid out in the first quarter of 2021.
Significant Events after the period
IC Payments, a Chile based fintech with offices in Uruguay and Argentina as well as a solid network of partners across Latin America, partnered with Zwipe to offer biometric payment solutions in the Latin American and Caribbean markets.
Credit Libanais, one of the largest banks in Lebanon and a principal member of Visa and Mastercard, has chosen to pilot biometric payment card based on Zwipe Pay ONE.
Zwipe has hired Claus Hansen as VP Sales and Business Development in APAC. Claus is based in Singapore and has a long career working in the smart card industry with more than 30 years’ experience in APAC and a broad network in the region.
Comments from the CEO
The third quarter of 2021 has been momentous for Zwipe in many ways.
On the customer side, we received our first commercial orders for subsequent deployments of Zwipe Pay ONE) from BCC in Taiwan and Inkript in Lebanon with a combined value of MNOK 20 (USD 2.2 million). Both players have strong regional positions in Asia and the MENA region respectively.
We are also pleased that a global Tier 1 Smartcard Manufacturer decided to start a comprehensive evaluation of the Zwipe Pay ONE platform, reflecting the relevance and competitiveness of our technology and offering.
On the issuer side, the innovativeness of Middle East Payment Services (MEPS) to launch a large-scale, multi-bank pilot with Zwipe Pay ONE to bank executives across the Levant region1 was a great step forward and has inspired us to develop new concepts for accelerated piloting that reduces upfront preparation for the banks.
I was also thrilled that a European-based global Tier-1 bank decided to launch Zwipe Pay ONE pilots in three European countries with intentions to launch commercially during summer 2022 subject to positive pilot results. Attracting global tier-1 players, not only among processors and card manufacturers, but also among banks, is something we are very proud of at Zwipe.
In addition, Reltime decided to pilot and subsequently launch Zwipe Pay ONE enabled cards to bring world-class security in its decentralized financial services ecosystem.
In parallel with all this, we further strengthened our reach, market coverage, and implementation capabilities in Asia, Africa and the Middle East by finalizing key Go-to-market partnerships with ICPS (part of the HPS Group), NymCard, Que Processing Services and Credit Card Management. Partnerships such as these are vital in order to accelerate developments and maximise the Zwipe Pay ONE opportunity. I refer to this as “the Megaphone effect”.
To help quantify the business case for launching biometric payment cards for issuers and further drive the biometric payment card opportunity across the value chain, we have developed a comprehensive ROI (Return on Investment) Calculator. The calculator demonstrates the financial value of Zwipe Pay ONE to issuers and shows that, even without a card fee paid by the cardholder, Zwipe Pay ONE can deliver a $15m annual net benefit for an average US issuer with a 1 million credit card portfolio. The ROI model has been developed together with recognized external industry experts. We were delighted by the results and the reinforcement of the value that our offering can bring to card issuers. The ROI calculator is now an integral part of our value proposition to issuers to further accelerate the adoption of biometric payment cards.
All in all, I am happy to report that we continue to experience broad-based acknowledgement of Zwipe’s competitiveness and value add for the industry from all parts of the payment ecosystem.
Another significant highlight from the third quarter 2021 was the MNOK 104 investment from the prominent Swedish investor Erik Selin through a private placement of 4,000,000 new shares to further accelerate our ongoing development, commercialization and global expansion.
As previously communicated, Zwipe’s development efforts for Zwipe Pay ONE has passed almost all critical milestones and major risk points, with piloting and certification left before subsequent full commercialization and mass volumes. Together with development and manufacturing partners, we are progressing towards finalization of Zwipe Pay ONE, which will be followed by the formal certification process by our card manufacturing customers with the payment schemes. When verifying Zwipe Pay ONE, it is clear that we will have a very cost competitive offering and enable our customers to launch biometric payment cards with excellent performance resulting in a compelling user experience for cardholders. Similar to many other companies engaged in multinational development projects, the effects of COVID-19 have added complexity and extended lead times to the overall Zwipe Pay ONE development program, but I am pleased with how our organization continues to tackle and overcome challenges and is well positioned to bring a fully commercially available Zwipe Pay ONE offering to market as soon as we have completed the final steps.
Finally, I am very proud of the Zwipe organization. The passion, competence, agility, collaborativeness, responsiveness and winning culture that they live out every day is what fuels our mission and drives us forward on our path to market success, great customer satisfaction and creation of shareholder value.
Financial Update
Total revenues in Q3 2021 were 0.4 MNOK (MNOK 0.1).
Average monthly operational cash flow was MNOK -5.3 in Q3 2021 versus MNOK -4.4 in Q3 2020. The increase is a result of recruitments and higher activity in the company. During 2021, Zwipe has increased its staff in response to the increased number of customer engagements and growing demand for piloting and deployment of our payment solutions and services.
The closing cash balance at the end of Q3 2021 was MNOK 183.7 (MNOK 117.3). The development in cash balance since end of Q2 2021 (MNOK 94.9) is primarily a result of operational cash flow of MNOK -15.8 and the private placement to Erik Selin of MNOK 104 in August 2021.
As Zwipe received full forgiveness of the second PPP loan in August, Zwipe is again debt-free.
Footnote 1: The Levant region includes Lebanon, Jordan, Palestine, Egypt, Iraq, Libya, Syria, Turkey and Israel
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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, 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 below, at 08:00 CEST on 26 October 2021.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology 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 more information, please contact:
André Løvestam
+47 991 661 35
ir@zwipe.com
OSLO, NORWAY and BEIRUT, LEBANON – 21 October 2021 - Zwipe is proud to announce a pilot of the new generation of biometric payment card based on Zwipe Pay ONE, with Credit Libanais, one of the largest banks in Lebanon. The bank is a principal member of Visa and Mastercard and has under its affiliation three other banks.
Across many markets globally, and especially in the Middle East and North Africa (MENA) region, Zwipe has experienced a strong and growing interest in biometric payment cards from banks and payment service providers. Biometric payment cards deliver world-class security and a completely touch-less user experience to cardholders, enabling improved loyalty and accelerated customer acquisition for the banks, creating a solid business case.
Speaking on this development, Randa Bdeir, Deputy General Manager at Credit Libanais said, “Post pandemic, we have seen a strong demand for touch-less checkout as they are safer and much more hygienic which this innovation will directly address; and that is why we have partnered with Zwipe, a global leader in biometric payment card technologies, to pilot a new generation of Biometric Payment Cards that will deliver a significantly improved user experience and security for our retail clients. We are truly proud to partner with Zwipe and be the pioneers to deploy such an important development in the entire region.”
Besides the core biometric payment card technology, Zwipe will also support Credit Libanais through all pilot stages, ensuring that all end users’ experiences and feedback are systematically captured and their impact on business case assessed.
Ramzi Saboury, General Manager of Zwipe in the MENA Region said: “The banking sector in Lebanon is demonstrating its appetite for innovation. We are thrilled that Zwipe Pay ONE technology has been chosen and looking forward to supporting the pilot and commercial launch by Credit Libanais.”
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About Credit Libanais
Since its establishment in 1961, Credit Libanais has developed technologically - advanced services to support its business. The Bank has one of the largest networks in Lebanon including local and international outreach in Cyprus, Bahrain and a subsidiary bank in Senegal. Year after year, Credit Libanais reaffirms its commitment to conducting business with high ethical standards and sustainability in mind.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology 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 zwipe.com
For further information, please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY and SANTIAGO, CHILE – 19 October 2021 – IC Payment is partnering with Zwipe, a Norway-based biometric fintech, to offer biometric payment solutions in the Latin American and Caribbean markets.
IC Payment is a Fintech, expert in the development of new technologies behind different payment methods. It is based in Santiago de Chile with offices in Uruguay and Argentina as well as a solid network of partners across Latin America. IC Payment offers a complete set of payment solutions for both in person and digital environments. Highlighting its instant issuance solution for financial cards through a self-service model, called "Instant CardPoint". Allowing to issue a card instantly ready to be used without limitations of designs, brands, or customer service hours.
Speaking on this collaboration, Mr. Christian Herrera, CEO of IC Payment, said "Biometric payment cards are attracting increased interest from issuers as they deliver a much better user experience through transaction security and safety. We are delighted that our partnership with Zwipe enables us to provide the ultimate next-generation payment experience in the market. This innovation will help our partners and customers to differentiate their offerings. Making them more competitive as a result, which in turn drives further growth”.
The two organizations will now align their product delivery and initiate joint sales efforts to bring biometric cards across key markets in Latin America.
"We are thrilled that IC Payment has selected Zwipe Pay ONE to enable their issuer, processor and card bureau clients to adopt biometric payment cards. We look forward to introducing the next generation of contactless payment cards in large and high growth payment markets in Latin America and the Caribbean. IC Payment is a well-recognized brand in the card payments space in these markets, and we look forward to mutual success in this region,” said André Løvestam, CEO of Zwipe.
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About IC Payment
IC Payment was born with the mission of bringing new payment method technologies to the financial sector through innovation and security. In its nine years of operation in Latin America, IC Payment has promoted and accompanied its clients in the early adoption of new payment technologies. IC Payment's current commitment is to take the instant issuance of financial cards beyond the scope of bank branches. Expanding its hourly service, physical presence and promoting financial inclusion. IC Payment consolidated a strategic alliance with the fintech of the French group be ys, to continue strengthening its research and development in an environment of continuous advancement of innovation and sustainability.
For further information please contact Sean McRostie, CCO of IC Payment at +(56) 9 3430 0695 - smcrostie@icpayment.net
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology 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 zwipe.com
For further information please contact André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY - 29 september 2021 – Zwipe is proud to announce that it has partnered with startup Reltime to provide a world-class security and user experience to the end-users of Reltime’s Decentralized Finance (DEFI) Ecosystem based on the Zwipe Pay ONE platform. Reltime will issue Zwipe Pay ONE-based biometric payment cards to bring the next generation contactless security and user experience to its end users.
Reltime aims to revolutionize financial services for customers and users in Europe, Japan, India, Mexico, and Brazil from Q1 2022 and then target the global market from Q3 2022.
Headquartered in Oslo, Reltime offers ready-to-deploy financial services to users who will save and secure transactions with full control and flexibility. These services include banking, cross border money transfer, lending, card payments and digital wallets for instant use. When the users check out, it converts instantly to the local currency.
Speaking on the partnership, Cornelia Stensby van der Laak, Reltime’s Chief Commercial Officer, said, “We are delighted to see such positive feedback from the market on Reltime’s DEFI Ecosystem. We already have several partner engagements from all over the world. Reltime has noted a strong interest in biometric payment cards, which deliver world-class security and convenience. Zwipe is a well-respected biometric payment technology brand, and we aim to launch the first pilots in Q1 2022, followed by commercial launches shortly after.”
More information on Reltime Biometric ID and Payment Cards can be found here.
Reltime will be the issuer of biometric payment cards, and first to launch this to a DEFI network globally. Zwipe and other partners will be working closely to ensure that the planned pilots are started from Q1 2022. Besides delivering its Zwipe Pay ONE platform, Zwipe will also support Reltime through all stages of pilots and the commercial launch of biometric payment cards.
“We are proud that a global innovator such as Reltime recognizes the value of biometric payment cards and has decided to use Zwipe as part of its next-generation financial services platform. Together we will help many telecom operators and issuers to bring significantly enhanced convenience and security in payments. We are excited about the planned pilots and launches next year,” said André Løvestam, CEO of Zwipe.
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About Reltime
Reltime is a decentralized financial ‘DEFI’ ecosystem that brings the next generation of economic and banking services to its audience worldwide. Headquartered in Oslo, it offers financial services for all users anywhere. Reltime enables its customers to start offering a broad range of services, such as banking, free cross border money transfer, lending with and without Collateral and earnings for the end-users, card payments and digital wallets. Reltime revolutionizing financial services bringing control to the end-users. Reltime has a partnership with several global financial institutions to provide seamless and secure transactions from anywhere in the world. To learn more, visit reltime.com.
For further details, please get in touch with Cornelia Stensby van der Laak, CCO, cornelia@reltime.com
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment card components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. 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 significant shift in payments from contactless to contact-free. To learn more, visit zwipe.com.
For further information, please contact André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY and BEIRUT, LEBANON – 29 September 2021 – Biometric fintech company, Zwipe, and Credit Card Management (CCM), one of the leading card payment service providers in Lebanon are partnering to bring Zwipe Pay ONE biometric payment cards to banks in Lebanon. Founded in 1994, CCM has grown to become a well-recognized brand in the card payments both in Lebanon and the Middle East.
CCM delivers issuing, acquiring and card personalization services to more than 25 banks. The company provides payment processing for financial institutions as well as telecom operators and it is a subsidiary of Credit Libanais, one of the largest banks in the country.
“We are always eager to bring state-of-the-art payment products that enhance customers’ experience. Zwipe Pay ONE is a disruptive (Gen3) biometric payment platform that will enable issuer clients to deliver a completely contact-free checkout experience and payment security. We are proud to partner with Zwipe,” says Johnny Torbey, Deputy General Manager at CCM.
As part of this partnership, Zwipe will support CCM in delivering Zwipe Pay ONE biometric payment cards to banks in Lebanon. Both organizations aim to help multiple banks with pilots and ultimately commercial launches.
“The collaboration with CCM further accelerates our issuer engagements and is a strategic move for Zwipe in Lebanon and MENA where innovations such as biometric payment cards are in great demand from banks, governments and citizen programs including financial inclusions and the move to cashless societies,” says Ramzi Saboury, General Manager for Zwipe for the MENA region.
For further information, please contact Mr. André Løvestam, CEO, +47 991 66 135 info@zwipe.com
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About CCM
Founded in 1994, CCM has grown to become one of the most dynamic leaders of the card industry in Lebanon and the Middle East, delivering quality service and ensuring high standards of value and security, for banks, institutions, and merchants across the country while handling the full range of card business activities: strategic planning, issuing, account processing, authorization of payments, innovation of loyalty programs and co-branding schemes in various set ups and telecommunication environments.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology 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 zwipe.com
OSLO, NORWAY – 27 September 2021- The share capital increase of 4,000,000 new shares in Zwipe AS, as resolved by the board meeting of the company on 30 August 2021, has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 3,698,268.50, and the new number of shares and votes is 36,982,685.
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About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment card components and wearables technology 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 zwipe.com
For more information, please contact:
Lars Kristian Solheim, CFO
+47 991 661 35
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 below, at 13:15 CEST on 27 September 2021.
OSLO, NORWAY and ABU DHABI, UAE – 13 September 2021 – Zwipe and NymCard are joining forces to launch biometric payment cards in the Middle East and Africa. With the rapidly growing demand for safer and more secure payment solutions from fintechs and modern payment innovators, this collaboration will ensure a faster deployment of biometric payment cards in the region.
Based in Abu Dhabi, NymCard delivers a state-of-the-art payment card issuing and processing platform based on three key focus areas: Frictionless, Transparent and Agile. Recognized as a leading Banking-as-a-Service (BaaS) provider in the region, NymCard enables fintechs and innovative payment players to deliver a seamless payment experience to their customers with easy, secure, and faster channels. Using Open APIs and modern technologies, NymCard is known for delivering exceptionally fast implementations. It powers payment innovators in multiple industries from the Gig Economy, Buy Now Pay Later, Youth banking, and Corporate expense cards across the MEA region. NymCard is now expanding to Asia and Europe.
Speaking on the partnership, Omar Onsi, CEO and Founder at NymCard said: “In our region, consumers, fintechs, and payment providers always seek more secure and user-friendly financial services. We are now seeing increasing interest in biometric payment cards as they combine world-class security with world-class convenience. Zwipe is a highly respected fintech in the biometric payments marketplace and Zwipe Pay ONE based cards will add considerable value for our customers in MEA”.
Zwipe will provide commercialization support, expertise, and technical guidance to help NymCard integrate biometric payment cards in its portfolio. Zwipe Pay ONE based cards will be delivered by one or more of Zwipe's certified smart card manufacturers in the region. NymCard and Zwipe will start joint issuer engagements already from this month.
“The interest in adopting biometric payment cards is phenomenal in the Middle East and Africa. We are happy to partner with NymCard, a well-recognized Banking-as-a-Service provider for payment innovators and fintechs. Zwipe's biometric payment platform supports contactless payments ensuring 100% touch-free and PIN-free transactions. We are confident that this alliance will further accelerate the deployment of biometric payment cards,” said Ramzi Saboury, General Manager for Zwipe in the MENA region.
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For further information please contact: André Løvestam, CEO, +47 991 66 135 Info@zwipe.com
About NymCard
NymCard is a MEA-based BaaS provider and modern card issuer processor. The company offers a cloud-agnostic modern payment issuing and processing platform called nCore that allows fintechs in the MENA region to instantly create, control, and distribute highly customizable virtual or physical payment cards.
NymCard’s mission is to enable companies to launch frictionless payment card programs at speed in any market in MENA and now in Asia as well. As a payment enabler, NymCard is removing the friction associated with legacy systems enabling fintechs to focus on building their product proposition rather than deal with complex payment processes.
NymCard developed its own processing technology from the ground up, where we own our whole tech stack. We published our APIs and are the only MENA-based issuer processor with a live Sandbox where fintechs can get access and start building in no time.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology 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 and 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 zwipe.com
