OSLO, NORWAY and BAGHDAD, IRAQ – 22 December 2021 - Zwipe and International Network for Cards and Digital Payment Services (INC) are pleased to confirm that they will pilot Biometric Payment Cards in Iraq. This will be the first biometric payment card pilot in the country. As one of the fastest growing cards and payments companies in Iraq, INC will be offering issuance of white label biometric cards as a service for banks and other payment companies.
In collaboration with Zwipe, INC will incorporate biometric payment cards in its portfolio and offer it as a standard payment product to its client banks in the Iraqi market, with the first client being INC’s own NEO Visa cards which will be introduced as the first biometric plastic cards in Iraq.
This development was made possible through INC’s strategic partner Nymcard which confirmed in September 2021 its collaboration with the Norwegian technology company Zwipe to bring biometric payment cards to the MENA region.
Speaking on this development, Zaid Fawzi, CEO and Founder of INC, said: “We are proud to step up our collaboration with Zwipe and bring the next generation contactless experience to Iraq. Our partnership with Zwipe has greatly strengthened INC’s mission to deliver payment solutions with state-of-the-art security and world-class user experience. Our pilot in Iraq with the NEO Visa cards will be the first step in bringing this fantastic product to other players in the market.”
General Manager for MENA region at Zwipe, Ramzi Saboury said: “Our partnership with NymCard and its subsidiaries in the region such as INC will greatly accelerate the deployment of next generation contactless cards. I am happy to launch this pilot project with INC in Iraq - a large market with huge growth potential. It is worth mentioning that the Central Bank of Iraq has already endorsed our initiative to bring biometric payment cards to Iraq and is encouraging all Iraqi banks to be part of this exciting innovation.”
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About INC
The International Network for Cards and digital payment services (INC) is an Iraqi registered company and holds a license as Issuer and Processor to practice business in electronic payments from the Central Bank of Iraq No. (7) according to Law No. (56) issued in 2004. Through its NEO brand, INC has released a state of the art mobile app featuring a digital wallet, and enabled online card payments to its customers via the first virtual Visa card in Iraq, in addition to other card programs such as NEO Visa Gift and NEO Visa Travel, available as physical plastic cards with the aim to increase financial inclusion in the Iraqi market.
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 zwipe.com
For further information please contact: André Løvestam, CEO, +47 991 66 135, info@zwipe.com
OSLO, NORWAY – 15 December 2021 – One of the largest global providers of payment services has signed an agreement to work with Zwipe to evaluate the opportunity of bringing Zwipe Pay ONE enabled biometric payment cards to issuers in North America and beyond.
In June 2021, Zwipe and IDEX Biometrics studied the payment habits, concerns on COVID-19 and desire for safer and more secure payments of over 1,000 consumers across the US and Canada. The study showed a strong demand for biometric payment cards in the US with 77% (81% in Canada) of the respondents wanting their next payment card to be biometric. In addition, 61% in the US (63% in Canada) said that they would be willing to pay a monthly fee to obtain such a card. Both organizations believe that the timing is right for this product and will be working together over the coming months to present the biometric payment card proposition to select customers with the aim of securing pilots and subsequent commercial launches.
“We are delighted to be entering this agreement with one of the largest and most respected payment service providers in the world. This agreement will provide the opportunity to accelerate the adoption of next generation biometric payment cards in some of the largest credit card markets in the world. We look forward to a mutually rewarding partnership,” said André Løvestam, CEO of Zwipe.
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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 17:30 CET on 15 December 2021.
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, +47 991 66 135 info@zwipe.com
OSLO, NORWAY and CAIRO, EGYPT – 15 December 2021 - Zwipe and Masria Digital Payments are pleased to announce the first biometric payment card pilot with an Egyptian bank. This will be the first pilot in Africa to deploy the next generation biometric cards from Zwipe. The largest smart card manufacturer in Egypt, Masria Digital Payments (MDP), will supply Zwipe Pay ONE enabled biometric cards and play a key role in bringing the next payment experience to the Egyptian market and other African countries.
The biometric payment cards, built on the unique single silicon platform Zwipe Pay ONE, deliver world-class security and a completely touch-less user experience, leading to improved customer loyalty and a strong business case for banks. Across many markets globally and especially the Middle East and North Africa (MENA) region, Zwipe has experienced a strong and growing demand in biometric payment cards from banks and payment service providers.
Speaking on this development, Vice President of MDP, Ahmed Nafei, said: “We are proud to be piloting next generation contactless cards in Egypt for the first time. Seeing a strong interest from our bank clients, we are confident that this first pilot in Egypt, which is with a medium sized bank, is one of many to come. MDP has always been at the forefront of bringing payment innovations to banks. During the pandemic, we have seen growing demand for touch-less checkout as it is safer and much more hygienic which is exactly what this innovation brings. Zwipe is a global leader in biometric payment technologies, and we are thrilled to collaborate with them. We aim for a pilot in early 2022, followed by a commercial launch.”
Chief Commercial Office at Zwipe, John Goodale said: “We are honored that the Zwipe Pay ONE platform has been selected to deliver pilots and commercial launches in Egypt. Zwipe and MDP have worked very closely over the past few months to bring both the product and overall commercial proposition to the Egyptian market, and we are delighted that banks have responded so positively. We look forward to launching this exciting new product with the bank and supporting it all the way through the pilot and into the commercial launch.”
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About Masria Digital Payments (MDP)
Masria Digital Payments (previously Masria Card S.A.E) is Africa's leading smart card solutions provider with a regional presence spanning 35 countries and 3 continents. Building on its vast sector experience, MDP has consistently introduced the latest technology in cards, payment security and smart applications to the Middle East and African markets. MDP also provides its partners with a complete card offering ranging from card production, personalization, issuance and fulfilment as a service or as a solution. MDP is the only end to end fully certified African payments solutions provider to offer a full card services, solutions, processing and digital payment suites to clients in the financial, government and retail sector under one roof.
For more information, please visit MDP | Home (mdp-eg.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 zwipe.com
For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY and Riyadh, Kingdom of Saudi Arabia – 29 November 2021 – GEPCOM, one of oldest and most respected card production and printing facilities in the Arab world, has selected the Zwipe Pay ONE platform to deliver biometric payment cards to its clients in Saudi Arabia and key international markets. Zwipe is a FinTech that has pioneered the development of biometric payment cards and delivered many successful pilots globally.
Gulf Printing Products Manufacturers’ Factory (GEPCOM), founded in 1989, was the first to bring plastic card manufacturing technology to the Arab world. This announcement demonstrates that they are continuing the path of innovation today. Leveraging their investment in the latest manufacturing equipment, and with full VISA and Mastercard certification, they are able to create a range of high-quality products to serve the financial services industry.
GEPCOM engaged with Zwipe earlier in 2021 and, after extensive evaluation of available alternatives, selected Zwipe Pay ONE as the preferred biometric card platform for its next generation payment cards. They were especially interested in Zwipe’s end to end products and services including Zwipe’s range of enrolment options providing GEPCOM with an opportunity to create even further value for their clients.
According to Abdullah Ahmed Abed, Deputy General Manager & Regional Director, GEPCOM, “GEPCOM has been manufacturing card products for all sectors in the Middle-East and is recognized in the market for its unmatched service, transparency and quality. With the impact of the pandemic still being felt across Saudi and the world, consumers’ focus on safety and hygiene has increased significantly.”
As part of this agreement, Zwipe will provide biometric technology and technical services to enable GEPCOM to manufacture Zwipe Pay ONE test cards from Q1 2022. The partners are already jointly engaging with issuers in Saudi with the aim of launching pilots from Q2 2022 to be followed by full commercial roll outs.
“In collaboration with Zwipe, we will deliver payment cards that will enable payments to be completely touch-less through a PIN-free checkout experience for consumers with much higher security. Our assessment shows that Zwipe Pay ONE represents the most advanced and high-performing solution and will be the first mass-market viable platform”, said Yousef Ahmed Abed, General Manager, GEPCOM.
Commenting on this partnership, Ramzi Saboury, General Manager MENA region at Zwipe, said: “We are very pleased to announce our partnership with GEPCOM in the Kingdom of Saudi Arabia, one of the most important markets in the MENA region. We are seeing a strong appetite globally as well as in the Middle East for this new technology from issuers, processors and cardholders. I am confident that this partnership will accelerate deployment of biometric cards in Saudi. Zwipe will be supporting GEPCOM’s clients during their launch processes to ensure the best customer experience and successful commercialization”.
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About GEPCOM
Gulf Printing Products Manufacturers’ Factory (GEPCOM) was founded by Mr. Ahmad Taleb Abed. For over 26 years, GEPCOM has been manufacturing printing products for all sectors in the Middle-East and the Arab world, leading by example since its establishment in 1989.GEPCOM was the first to bring plastic card manufacturing technology to the Arab world and continues on a path of innovation today, with only the most advanced machines and equipment for the fabrication of excellent products including cards, envelopes, security forms, adhesive label rolls, thermal rolls and more. We provide customers worldwide with unmatched service and transparency and believe in uncompromised quality when it comes to all our products. GEPCOM is proudly certified by VISA and MasterCard, in addition to its ISO certification for product quality assurance.
GEPCOM’s vision is to become the benchmark of outstanding service across all industries. We take pride in providing exceptional results in everything that we set out to do, and work unswervingly to ensure the success of our business.
For further information please contact info@gepcom.com.sa
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 biometric payment card and wearables technology, and biometric technology for 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
For further information please contact: André Løvestam, CEO, +47 991 66 135, info@zwipe.com
OSLO, NORWAY; AUSTIN and CONCORDVILLE, USA; LIMOGES, FRANCE – 25 November 2021 - Zwipe, a Norway-based biometric fintech, is proud to announce the launch of a two-factor authentication solution for access control based on its biometric authentication technology platform. The global access control market is valued at USD 7.65 billion and is expected to reach USD 11.7 billion by 2026 (1).
Entering the access control market, Zwipe announces collaborations with several well-known companies in the security industry; notably HID Global, an ASSA ABLOY Group brand and a worldwide leader in trusted identity solutions, LeGrand, the global specialist in high-value-added products and solutions for commercial, residential, and industrial buildings, and Southco, the leading global designer and manufacturer of engineered access solutions. The coalition will bring a highly advanced, cost-effective, biometric authentication solution to market. The full capability of Zwipe's biometric card operates with existing access control systems thereby removing the need to make any time-consuming and costly adjustments to existing access control infrastructure.
The complete solution will be demonstrated for the first time at TRUSTECH in Paris, on Zwipe’s booth, from 30 November 2021.
Commenting on this breakthrough, André Løvestam, CEO of Zwipe, said “Thanks to Zwipe’s advanced biometric authentication technology platform, Zwipe is ready to move into adjacent markets, starting with Access Control. We see a real need for much stronger access control solutions and are confident that our biometric card solution will address many security concerns in this space. We are particularly proud to partner with such distinguished companies and we look forward to adding significant value to this sector with our solution. I am convinced Access Control and ID will be a significant business line for Zwipe going forward, adding to our profitable growth and long-term value creation.”
The customer project has started with Raritan (the data center expert company with worldwide references and a subsidiary of LeGrand), focusing on the joint development of a highly secure solution based on Zwipe’s biometric card technology that delivers a new level of secure access for data center cabinets.
Raritan’s CTO, Swen Anderson, commented “It was crucial that we developed a product that allowed us to deploy the latest in biometric technology without having to make any infrastructure changes. Zwipe has provided us with the opportunity to leverage their leading technology platform to create a new product that delivers a level of security for data center access control that is unique within our industry.”
“Thanks to this excellent cooperation based on real use cases, the full integrity of our biometric card solution has been successfully demonstrated for new areas of application. Our biometric authentication technology platform provides world-class security and we are excited that it can be integrated seamlessly with physical and logical access control solutions. We believe innovations like biometric access control and ID management will be highly sought after,” says Christian Vaas, Zwipe’s Vice President ID-Solutions & Access Control.
(1): Global Access Control Market | 2021 - 26 | Industry Share, Size, Growth - Mordor Intelligence
For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
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About HID Global
HID Global powers the trusted identities of the world’s people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and billions of things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet.
Headquartered in Austin, Texas, HID Global has over 4,000 employees worldwide and operates international offices that support more than 100 countries. HID Global is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.
About Legrand
Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for commercial, industrial and residential markets makes it a benchmark for customers worldwide. The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing its strategy of profitable and sustainable growth driven by acquisitions and innovation, with a steady flow of new offerings—including Eliot* connected products with enhanced value in use. Legrand reported sales of €6.1 billion in 2020. The company is listed on Euronext Paris and is notably a component stock of the CAC 40 and CAC 40 ESG indexes. (code ISIN FR0010307819) www.legrandgroup.com
About Southco
Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. For over 70 years, Southco has helped the world’s most recognized brands create value for their customers with unrivalled engineering resources and innovative products. Southco’s data center solutions provide access control and monitoring at the rack level, providing a complete, comprehensive security system to control, monitor and track equipment that stores sensitive data.
To learn more, visit www.southco.com and www.southco.com for our Data Center mini-site.
For further information, please contact: Natalie Brannelly nbrannelly@southco.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 biometric payment card and wearables technology, and biometric technology for 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
OSLO, NORWAY, 25 November 2021 - Zwipe launches a range of enrolment solutions to complement their next-generation biometric payment card platform, Zwipe Pay ONE. Seamless customer onboarding remains one of the most important components in enabling the transition to the safer and more secure payment experience provided by biometric payment cards.
The Zwipe R&D team has created some exclusive inventions to overcome several challenges that many in the industry had considered insurmountable. For the first time, it is now a realistic proposition to have consumers enroll their card at home using just a mobile phone and a set of simple instructions.
Zwipe has created a range of innovative enrolment solutions that meet the evolving demands of the financial services industry and consumers. With a focus on providing simple to use, cost-effective and low environmental impact products, Zwipe will deliver multiple different types of solutions that include not only passive and customizable enrolment devices, such as sleeves, highly integrated card fulfilment packaging, and branch-based enrolment solutions, but also self-service mobile phone APIs that can easily be integrated into issuer apps. Issuers can choose the solutions that best suit their needs and use cases of their products and cardholder segments. For example, while mobile app-based enrolment would be attractive for the majority of consumers, in-branch supervised enrolment may better suit financial inclusion programs.
All these solutions will be made available to Zwipe Pay ONE customers in 2022.
“Zwipe has undertaken extensive research on enrolment, and after very clear customer feedback and interest, we decided to invest heavily in this area. Issuers repeatedly told us that enrolment is one of the most important parts of the user experience for biometric payment cards and we are delighted to have made several breakthroughs that we believe will transform the way in which consumers enrol their cards whilst even further strengthening the value proposition for issuers. These developments underscore Zwipe’s ambition to be a leading innovator in the industry, putting user experience in front”, commented André Løvestam, CEO of Zwipe.
The enrolment solutions will be demonstrated at TRUSTECH in Paris, on Zwipe’s booth, from 30 November 2021.
For further information please contact: André Løvestam, CEO, +47 991 66 135, info@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 & cultures to make convenience safe & secure. We are pioneering biometric payment card and wearables technology, and biometric technology for 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
OSLO, NORWAY and CASABLANCA, MOROCCO – 22 November 2021 – Biometric fintech company, Zwipe and NetPS, part of dzcard Group and one of the main Moroccan Smart Card Personalization Bureaus, are partnering to bring Zwipe Pay ONE enabled biometric payment cards to banks across Africa and the Middle East.
As part of this collaboration, both companies will work closely to promote the innovative Zwipe Pay ONE enabled biometric payment cards for NetPS’ issuers in Africa and the Middle East.
NetPS has a portfolio of more than 30 clients based in 15 countries across Africa. The company, which is based in Morocco, provides its first-class card personalization services to major financial institutions in the region, such as Banque Central Populaire (BCP), Société Générale, Credit Agricole du Maroc, Attijariwafa Bank, Al Barid Bank, CIH, and major Telecom operators including Maroc Telecom (part of Etisalat Group).
“As a leading provider of payment cards across Africa, we believe adding Zwipe Pay ONE enabled biometric payment cards to our portfolio creates a compelling and differentiating product to our clients. We are looking forward to working with the Zwipe team on developing some very innovative and exciting card designs, fulfillment solutions and enrolment options. We believe this new product will drive new business and significantly uplift customer loyalty for our clients.”, said Younes Lahlou, CEO of NetPS.
Speaking on the new partnership, André Løvestam, CEO of Zwipe said: “We are really pleased with the response across the Middle East and North Africa for Zwipe Pay ONE and are delighted to partner with NetPS in extending our reach to Morocco and beyond. With this partnership with NetPS, our dzcard Group relationship is strengthened further, giving us the opportunity to deliver next generation payment cards to the many banks looking for a more safe and secure payment card in the region. NetPS has a very strong reputation for customer service and excellence in their market and are an ideal partner for Zwipe”.
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About NetPS, part of dzcard Group
Founded in 2000, NetPS, a subsidiary of the dzcard Group, is one of the leading players in the field of smart card personalization in Morocco. The company has been certified by Visa and Mastercard since 2000. The company is a trusted partner among its Moroccan banking and telco clients supporting their African expansion with world class solutions and service.
To learn more, visit the NetPS webpage: www.NetPS.com
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 further information, please contact Mr. André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY and BEIRUT, LEBANON – 17 November 2021 – Zwipe is partnering with areeba to pilot Biometric payment cards based on Zwipe Pay ONE in Lebanon and Iraq. These pilots reflect a strong and growing demand from issuers and processors across the region for next-generation contactless payment cards.
areeba is a leading financial technology company in the MENA region and is licensed as both issuer and acquirer by the international card schemes. It is one of the main issuing & acquiring processors in the region and leads in the Lebanese market with more than 50% market share. areeba was chosen as one of the top leading payments innovators in 2021 by Global Business Leaders.
areeba and Zwipe have a long-standing collaboration, launching the first biometric payment card pilots in the Middle East in 2018 and winning the 2019 Seamless Award for Best Technological Innovation in Payments.
Speaking on this development, Maher Mikati, Chief Executive Officer at areeba said, “We have always been pioneers in embracing new technologies that enhance user experience and security for end consumers, uplifting loyalty and business cases of payment portfolio. We are proud to partner with Zwipe, a highly respected innovator with whom we have had the pleasure to collaborate since 2018, witnessing the evolution of biometric payment cards. We are looking forward to delivering the pilots in H1 2022 followed by commercial launches.”
In these pilots, the biometric payment cards will be built on the Zwipe Pay ONE platform and delivered by Inkript, one of the leading EMV Card Manufacturers in the Middle East, which already provides cards to areeba and many issuers in the region.
Ramzi Saboury, General Manager of Zwipe in the MENA Region said: “We are proud of our partnership with areeba, a leading innovator in the region, and look forward to supporting them and Inkript in bringing biometric payment cards to two markets, Lebanon and Iraq. Zwipe will also support areeba through all stages of pilots, ensuring that end users’ experiences and feedback are systematically captured and assessed. This is going to be an exciting journey together.”
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About areeba
areeba is an electronic payment technology company licensed by Visa and MasterCard and has an agreement with American Express & Discover. Established in 2017, areeba adopts the latest technologies and provides solutions and payment services to banks, governments and merchants to suit their aspirations and needs.
areeba offers services tailored to global requirements, from card issuance and management, non-contact payment solutions, contactless and mobile payment. It also provides merchants and governments with the latest e-commerce platform and point-of-sale machines that adopt the highest standards and safety systems. areeba operates a wide range of loyalty programs, including collecting points and miles, cashback programs, and providing consultancy services for the planning, design and development of electronic products and payment solutions.
For more information, visit www.areeba.com, or @areebalebanon on LinkedIn, Facebook or Instagram. areeba media contact: Nouchka El Hage, +961-1-954325 - NHage@areeba.com
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 – 9 November 2021 – The primary insider Diderik Schonheyder, a board member of Zwipe, has today acquired a total of 13,434 shares at an average price of SEK 29.90. Diderik Schonheyder’s shareholding after the transaction is 25,302 shares.
Attached is a copy of the form submitted to the Norwegian FSA, Finanstilsynet, reporting the transaction as listed above:
This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act § 5-12.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards and wearables that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit www.zwipe.com
For further information please contact: André Løvestam, CEO, +47 991 66 135 ir@zwipe.com
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OSLO, NORWAY – 3 November 2021 - Zwipe’s technology partner, Idemia, has announced that it has obtained full certification from both VISA and Mastercard for its F.CODE biometric payment card.
These certifications (Letters of Approval) represent full validation of the core components in our disruptive technology platform, Zwipe Pay ONE, notably the shared single silicon biometric secure element, where Idemia and Zwipe have co-invested since Q4 2019, and the IDX3405 fingerprint sensor from Idex Biometrics.
This paves the way for subsequent successful certification of Zwipe Pay ONE enabled biometric payment cards for Zwipe’s customers, as Zwipe is working towards completion of its Zwipe Pay ONE platform. Zwipe Pay ONE includes Zwipe’s ISO Module integrating the now fully certified single silicon biometric secure element, as well as Zwipe’s passive inlay. Zwipe’s customers can also purchase the fully validated Idex Biometrics fingerprint sensor, IDX3405, from Zwipe. The timing for certification of Zwipe’s card manufacturing customers will be subject to the planning and execution of the certification by each customer.
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For further information, please contact:
André Løvestam, CEO, +47 991 66 135
info@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.
