NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
OSLO, NORWAY – 28 October 2020 –
Reference is made to the stock exchange announcement from Zwipe AS ("Zwipe" or the "Company") dated 27 October 2020 with the preliminary results of the subsequent offering of up to one million new shares (the "Subsequent Offering"), each with a nominal value of NOK 0.10 and at a subscription price of NOK 15.00 (the "Offer Shares").
The subscription period for the Subsequent Offering expired on 27 October 2020 at 16:30 hours (CET). By the end of the subscription period, the Company had received valid subscriptions for 4,073,802 Offer Shares.
The board of directors of Zwipe has today resolved the allocation related to the Subsequent Offering in accordance with the allocation criteria presented in the prospectus dated 19 October 2020. A total of 740,736 Offer Shares were allocated based on subscription rights and a total of 259,264 Offer Shares were allocated based on over-subscriptions of 1,829, 982 new shares made by holders of subscription rights. No Offer Shares were allocated to subscriptions of 1,503,084 new shares made by investors without subscription rights.
Furthermore and in order to complete the Subsequent Offering, the board of directors has resolved the capital increase pertaining thereto, and hereunder resolved to increase the share capital with NOK 100,000 through issuing 1,000,000 new shares each with a nominal value of NOK 0.10 and at a subscription price of NOK 15 per share, giving gross proceeds of NOK 15 million. The resolution was made by the board of directors on basis of the authorization granted by the general meeting on 29 September 2020.
The following primary insiders or close associates of primary insiders have been allocated Offer Shares in the Share Issue.
The Company will on 29 October distribute allocation letters with payment information to all subscribers who have been allocated Offer Shares. The due date for payment is on or about 30 October 2020. Delivery of the Offer Shares is expected to take place on or about 6 November 2020, through the facilities of VPS and Euroclear. Trading in the Offer Shares on Merkur Market or Nasdaq First North Growth Market (as the case may be) is expected to commence on or about 6 November 2020. Arctic Securities AS acts as manager in the Subsequent Offering. Simonsen Vogt Wiig AS acts as Norwegian legal counsel to Zwipe and White & Case acts as Swedish legal counsel to Zwipe.
Zwipe AS is obliged to make this information public pursuant to the Continuing obligations of companies admitted to trading on Merkur Market and Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8 528 00 399. The information was submitted for publication, through the agency of the contact person set out above, at 16:50 CET on 28 October 2020.
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This release is issued for information purposes only, and this document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful absent registration, or an exemption from registration or qualification under the securities laws of any jurisdiction. This document is not for publication or distribution in, directly or indirectly, Australia, Canada, Japan, the United States or any other jurisdiction in which such release, publication or distribution would be unlawful, and it does not constitute an offer or invitation to subscribe for or purchase any securities in such countries or in any other jurisdiction. In particular, the document and the information contained herein should not be distributed or otherwise transmitted into the United States or to publications with a general circulation in the United States of America. This document is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Company does not intend to register any part of the offering in the United States or to conduct a public offering in the United States of the shares to which this document relates. The Managers are acting for the Company in connection with the Private Placement and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the Private Placement or any transaction or arrangement referred to in this press release. This announcement and any materials distributed in connection with this announcement may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect Zwipe's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
OSLO, NORWAY – 27 October 2020 –
(Oslo, 27 October 2020) Reference is made to the stock exchange announcement from Zwipe AS ("Zwipe" or the "Company") dated 20 October 2020 relating to the subsequent offering and listing of up to one million new shares in the Company, each with a nominal value of NOK 0.10 (the "Offer Shares"), at a subscription price of NOK 15.00 per Offer Share (the "Subscription Price") to be carried out by the Company (the "Subsequent Offering").
The subscription period for the Subsequent Offering expired today, 27 October 2020, at 16:30 hours (CET). At the expiry of the subscription period, the Company has received subscriptions for approximately 4.1 million Offer Shares from eligible shareholders in the Subsequent Offering and other investors and the Subsequent Offering has accordingly been significantly oversubscribed.
The allocation of the Offer Shares will be resolved by the board of directors in accordance with the allocation criteria set out in the prospectus dated 19 October 2020 section 5.8. The board of directors will consider the subscriptions and allocations of Offer Shares and resolve the capital increase pertaining to the Subsequent Offering on 28 October 2020. The final results of the Subsequent Offering will be published shortly thereafter. Letters regarding allocation of Offer Shares and the corresponding subscription amount to be paid by each eligible shareholder who has subscribed for Offer Shares in the Subsequent Offering will be distributed on or about 28 October 2020. The subscription amount for the Offer Shares is expected to fall due on or about 30 October 2020 as further described in the allocation letters.
Arctic Securities AS acts as manager in the Subsequent Offering. Simonsen Vogt Wiig AS acts as Norwegian legal counsel to Zwipe and White & Case Advokat AB acts as Swedish legal counsel to Zwipe.
Zwipe AS is obliged to make this information public pursuant to the Continuing obligations of companies admitted to trading on Merkur Market and Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8 528 00 399. The information was submitted for publication, through the agency of the contact person set out above, at 20:30 CET on 27 October 2020.
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This release is issued for information purposes only, and this document is not an offer to sell or a solicitation of offers to purchase or subscribe for shares. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful absent registration, or an exemption from registration or qualification under the securities laws of any jurisdiction. This document is not for publication or distribution in, directly or indirectly, Australia, Canada, Japan, the United States or any other jurisdiction in which such release, publication or distribution would be unlawful, and it does not constitute an offer or invitation to subscribe for or purchase any securities in such countries or in any other jurisdiction. In particular, the document and the information contained herein should not be distributed or otherwise transmitted into the United States or to publications with a general circulation in the United States of America. This document is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Company does not intend to register any part of the offering in the United States or to conduct a public offering in the United States of the shares to which this document relates. The Managers are acting for the Company in connection with the Private Placement and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the Private Placement or any transaction or arrangement referred to in this press release. This announcement and any materials distributed in connection with this announcement may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect Zwipe's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act.
OSLO, NORWAY – 20 October 2020
During the third quarter, Zwipe has continued to strengthen its foundation for mass-volume roll out of biometric payment cards.
André Løvestam, CEO of Zwipe said:
“During the third quarter Zwipe has continued to take significant strides in cementing our position in the global payment ecosystem and towards commercialization.
We have maintained momentum in expanding our network of smart card manufacturing customers while also growing our capacity to support larger-scale deployment of our commercial offering in 2021. In addition to the new customers that have been announced, the strategic technical partnerships we have formed this quarter will be instrumental in preparing the biometric payment card industry for efficient scaling.
By implementing numerous cross-industry commercial collaborations we are creating an offering that sets us apart. Zwipe’s objective is to deliver a solution that offers both technology and cost leadership to our smart card manufacturing customers. In addition, we also advise card issuers on how to simplify the value proposition of biometric payment solutions by supporting the entire process of launching a new biometric payment product. This approach further raises the attractiveness of our offering and elevates our position as a trusted advisor and enabler.
This market position has also generated strong support from international institutional investors, translating into a successful private placement carried out during the period. We raised gross MNOK 96, funding the company through commercial launches in 2021 and beyond. The chairman of the Board participated in the private placement with MNOK 5, and since his purchase was subject to approval by the extraordinary general meeting, this was registered in October. The general meeting also enabled us to initiate the process for the repair issue of up to 1,000,000 new shares to be held in October, as announced today, October 20th.
After the period we entered a commercial partnership with TietoEVRY, which marks a significant milestone for Zwipe. Thanks to TietoEVRY’s deep relations with virtually all banks in the Nordics and Baltics, we see strong potential in supporting the launch of biometric payment cards powered by Zwipe Pay ONE in this region and beyond, meaningfully increasing our sales capacity and impact. The fact that TietoEVRY is now actively going after the biometric payment card market with Zwipe is a further validation of our belief in the market to come and that Zwipe will have a major role and position in that market.
With these exciting developments pushing Zwipe forward we are further strengthening our team to be ready to serve a mass-volume market. Consequently, we have completed several key recruitments within quality management, project management, certification, sales, and product management. In addition, as we are seeing that our pull strategy and professional service offerings receive strong interest from our customers and partners, we are bringing in additional resources that will anchor this emerging business vertical for Zwipe. With a passionate, ever stronger team moving together towards our goal, and with institutional investors backing our vision, I am confident that we will keep this momentum while we continue to enhance our ability to create value for our customers, our shareholders, and for society at large.”
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Zwipe AS is obliged to make this information public pursuant to the Continuing obligations of companies admitted to trading on Merkur Market, Nasdaq First North Growth Market and the EU Market Abuse Regulation. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8 528 00 399. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 20 October 2020.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
OSLO, NORWAY – 20 October 2020 –
Reference is made to the stock exchange announcement by Zwipe AS ("Zwipe" or the "Company") on 7 September 2020, regarding the successfully completed private placement with gross proceeds of approximately NOK 96 million (the "Private Placement"). In the said release, the board of directors of the Company (the "Board") announced that it intended to carry out a subsequent offering of up to 1,000,000 new shares (the "Offer Shares" and the "Subsequent Offering") towards shareholders of the Company who was not allocated shares in the Private Placement, provided that an extraordinary general meeting to be convened without delay made a new authorization to the Board to issue shares to strengthen the Company's equity. Such authorization was provided to the Board by the extraordinary general meeting on 29 September 2020. On this basis, the Board has now decided to proceed with the Subsequent Offering.
In the Subsequent Offering, Eligible Shareholders, being shareholders of the Company as of 7 September 2020, and consequently registered in the Company's shareholders' registers in VPS or Euroclear Sweden AB ("Euroclear") on 9 September 2020 (the "Record Date"), will be granted non-transferable subscription rights (the "Subscription Rights") that, subject to applicable law, provide preferential rights to subscribe for and be allocated Offer Shares at the Subscription Price (as defined below). Exceptions to the above are existing shareholders who (i) were allocated shares in the Private Placement and/or (ii) are resident in a jurisdiction where such offering would be unlawful or, for jurisdictions other than Norway and Sweden, would require any filing, registration or similar action.
The subscription period in the Subsequent Offering commences today, on 20 October 2020 at 09:00 hours (CEST) and will end on 27 October 2020 at 16:30 hours (CET) (the "Subscription Period"). The subscription price in the Subsequent Offering is NOK 15.00 per Offer Share (the "Subscription Price"), which is equal to the subscription price in the Private Placement.
Eligible Shareholders will be granted 0.04366 Subscription Rights for each share in the Company registered as held by such Eligible Shareholder on the Record Date, rounded down to the nearest whole Subscription Right. Each whole Subscription Right provides a preferential right to subscribe for, and be allocated, one Offer Share at the Subscription Price, subject to applicable securities laws. Over-subscription and subscription without Subscription Rights is permitted, and over-subscriptions made by holders of Subscription Rights will in the allocation be prioritized before subscriptions made by holders without Subscription Rights, cf. the details on the allocation in the Prospectus (as defined below) section 5.8 "Allocation of Offer Shares".
In order to subscribe for shares, Eligible Shareholders must provide the Manager (as defined below) with a complete and duly signed application form within the end of the Subscription Period. Applications for Offer Shares by investors in Norway should be made using the application form attached to the Prospectus, while investors in Sweden should use the application form for the Swedish market made available in a separate document on the same websites as the Prospectus (www.zwipe.com and www.arctic.com/offerings). Norwegian citizens may also subscribe through the VPS online system. Further instructions regarding the subscription procedure is available in the Prospectus (as defined below) section 5.7 "Application procedures". The Subscription Rights must be used to subscribe for Offer Shares before the expiry of the Subscription Period on 27 October 2020 at 16:30 hours (CET). Subscription Rights that are not used to subscribe for Offer Shares before 16:30 hours (CET) on 27 October 2020 will have no value and will lapse without compensation to the holder.
Completion of the Subsequent Offering is subject to (i) the Board resolving the Subsequent Offering and allocating the Offer Shares, and (ii) registration of the capital increase pertaining to the Subsequent Offering with the Norwegian Register of Business Enterprises.
Notifications of allocation in the Subsequent Offering are expected to be issued on or about 28 October 2020. The due date for payment of allocated Offer Shares is on or about 30 October 2020. Delivery of the Offer Shares is expected to take place on or about 6 November 2020, through the facilities of VPS and Euroclear. Trading in the Offer Shares on Merkur Market or Nasdaq First North Growth Market (as the case may be) is expected to commence on or about 6 November 2020.
A prospectus dated 19 October 2020 (the "Prospectus") prepared in connection with the Subsequent Offering will be available electronically at www.zwipe.com and www.arctic.com/offerings, or by contacting Arctic Securities AS. Please also find the Prospectus attached hereto. The Prospectus has been approved by the Financial Supervisory Authority of Norway and border-crossed to Finansinspektionen in Sweden for use in the Swedish market.
Arctic Securities AS acts as manager in the Subsequent Offering (the "Manager"). Advokatfirmaet Simonsen Vogt Wiig AS acts as Norwegian legal counsel to Zwipe and White & Case Advokat AB acts as Swedish legal counsel to Zwipe.
Zwipe AS is obliged to make this information public pursuant to the Continuing obligations of companies admitted to trading on Merkur Market and Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8 528 00 399. The information was submitted for publication, through the agency of the contact person set out above, at 07:55 CET on 20 October 2020.
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This release is issued for information purposes only, and does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States.
The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Manager assumes any responsibility in the event there is a violation by any person of such restrictions.
The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
The Manager is acting for the Company and no one else in connection with the Subsequent Offering and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Subsequent Offering and/or any other matter referred to in this release.
Forward-looking statements: This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
OSLO, NORWAY – 19 October 2020 – Zwipe, a leading biometric fintech company, is pleased to confirm, following significant market traction recently, that it has today placed an order for 300,000 units of IDX3405 next generation fingerprint sensors from IDEX Biometrics, a leading provider of fingerprint identification technologies. The sensors will support the rollout of Zwipe Pay ONE to a growing list of smart card manufacturers and issuers in Europe, the Middle East, the Americas and Asia.
In April this year, Zwipe announced that it has selected IDEX as its preferred sensor partner for Zwipe Pay ONE biometric payment card solution. The selection was based on comprehensive evaluations of performance and costs.
The Zwipe Pay ONE solution with IDEX’s next generation fingerprint sensor will be released for customer pilots in the fourth quarter of 2020 followed by mass-volume deployment in 2021.
“Zwipe has a fast-growing global customer network of smart card manufacturers and service providers that have selected Zwipe Pay ONE. Our pipeline of prospective customers and partners grows even faster. We are excited about the strong interest that Zwipe Pay ONE has attracted so far. Working with strategic suppliers such as IDEX we are confident that Zwipe Pay ONE will be the one of the best and most cost-efficient offerings in the market,” said André Løvestam, CEO of Zwipe.
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About IDEX Biometrics ASA
IDEX Biometrics ASA (OSE: IDEX and OTCQB: IDXAF) is a leading provider of fingerprint identification technologies offering simple, secure and personal authentication for all. We help people make payments, prove their identity, gain access to information, unlock devices or gain admittance to buildings with the touch of a finger. We invent, engineer, and commercialize these secure, yet incredibly user-friendly solutions. Our total addressable market represents a fast growing multi-billion-unit opportunity.
For further information contact:
Marianne Bøe, Investor Relations
E-mail: marianne.boe@IDEXbiometrics.com
Tel: + 47 918 00186
OSLO, NORWAY – October 15, 2020 – Biometric fintech company Zwipe and Inkript, a digital security provider in the Middle East and Africa (MEA) region and a subsidiary of Resource Group, announce that they have launched a joint project to deliver the next generation contactless payments experience, Zwipe Pay ONE, to banks across the Middle East.
“Since we announced our partnership with Zwipe, and as a result of the surge in contactless payments, our customers are increasingly demanding safer and more secure payment options; more so today with the impact of the global COVID-19 pandemic on people’s actions towards the nature of cash. It is undoubtedly that security, convenience and contactless are the future of payments, and banks are ready to dive into new technologies that support consumers’ changing behaviors towards money, hygiene, comfort, and overall wellbeing”, says Riad Itani, Managing Director at Inkript.
He added: “Biometric payment cards powered by the Zwipe Pay ONE platform are the most compelling way to address this demand, in terms of both performance and cost. We are enthusiastic to take this next step with Zwipe.”
Inkript has placed an order to Zwipe, commencing small scale manufacturing of biometric payment cards based on the Zwipe Pay ONE platform with the goal of launching pilots, followed by mass-volume deployments with multiple banks in 2021.
“Inkript is a distinguished provider of smartcards and value-added services to some of the largest banks in the MEA. We are excited and proud that Inkript has selected Zwipe Pay ONE as its preferred biometric payment card platform and are now taking action together with us to provide secure payments solutions in the Middle East region,” says André Løvestam, CEO of Zwipe.
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About Inkript
Inkript is a digital security solutions provider catering to governments, telecom operators and financial institutions in the MEA region. The company’s growth is driven by an extensive R&D and continuous investments in emerging technologies. Inkript is distinguished by its state-of-the-art factories, technology competence centers, customized integrated solutions and international certifications covering processes, quality and security.
Media Contact for Inkript: Ms. Ghina Ramadan, +9611412000 ext. 2931, gramadan@resource.group
OSLO, NORWAY– 14 OCTOBER 2020 – Biometric fintech company, Zwipe, and areeba, one of the Middle East’s leading financial technology companies and payment service provider, are partnering to bring Zwipe Pay ONE enabled biometric payment solutions to banks across the Middle East and North African markets. Zwipe Pay ONE will be a market leading solution since it will combine a disruptive single chip secure element and a next generation sensor with a fingerprint registration process supported by a mobile app.
areeba and Zwipe have a long-standing collaboration, launching the first biometric payment card pilots in the Middle East and winning the Seamless Award for Best Technological Innovation in Payments for that joint project.
“We are happy to take this next big step with Zwipe, a well-known brand in biometric payments. Their disruptive Zwipe Pay ONE platform and 100% focus on biometric payment solutions complements our strong relations and end-to-end payments offering to banks and merchants across the region. We pride ourselves on being innovators and, together with Zwipe, we will give banks a new perspective on how to drive deeper customer engagement and acquisition by offering safer and more secure payments,” says Maher Mikati, CEO at areeba.
As part of this collaboration areeba has agreed to work exclusively with Zwipe in delivering biometric payment solutions including the Zwipe Experience services to help its banking customers through all stages, from early trial stage to mass market rollout.
“We are proud that areeba has now decided to roll-out biometric payments and selected Zwipe Pay ONE as its platform for doing so. We have worked closely together to introduce and strengthen the business case of biometric payments in the region and we are happy to see the market moving towards larger scale adoption,” says André Løvestam, CEO of Zwipe.
The two companies have engaged multiple smart card manufacturing partners to support the volume deployment of biometric payments, expected to start in 2021 and grow exponentially over the following years.
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This is information that Zwipe AS is obliged to make public pursuant to the Continuing obligations of companies admitted to trading on Oslo Børs Merkur Market, Nasdaq First North Growth Market and the EU Market Abuse Regulation. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out above, at 14:45 CET 14 October 2020.
About areeba
areeba is an electronic payment technology company licensed by Visa and MasterCard and has an agreement with American Express. 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
OSLO, NORWAY AND HELSINKI, FINLAND – 08 OCTOBER 2020 – Biometric fintech Zwipe and TietoEVRY, the leading provider of software and digital banking services in the Nordics, have agreed to jointly roll-out biometric payment solutions based on the Zwipe Pay ONE platform.
With the recent surge in demand for safer and more secure payments, TietoEVRY is embracing biometric payment innovations that enable more hygienic, secure and convenient payments for consumers.
“We are excited to roll-out the Zwipe Pay ONE platform in close collaboration with Zwipe, a pioneer and innovator in biometric payments. We selected Zwipe as the most interesting partner for mass market deployment. Together, we will support banks to roll-out biometric payment cards and wearables at scale. From recent discussions with issuers, we already see broad interest for such innovations. Clearly, now is the time to take action,” says Jarmo Rouhiainen, Head of TietoEVRY Card Production and Personalization Services.
As part of this commercial agreement, Zwipe will provide TietoEVRY with technical support towards biometric payment card integration, enrollment solutions, and a complete end-to-end advisory offering aimed at helping banks successfully deploy biometric payment solutions. TietoEVRY will source their Zwipe Pay ONE-based cards through their network of card manufacturers.
“Partnering with TietoEVRY is a significant milestone for Zwipe. TietoEVRY’s deep relations with a large number of banks in the Nordics, Baltics and beyond will be a strategic complement to Zwipe’s technology leadership, accelerating the deployment of next generation contactless payments. Partnering closely with one of Europe’s strongest players in payment services, we are further showcasing the value-add we deliver to the ecosystem,” says André Løvestam, CEO of Zwipe.
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This is information that Zwipe AS is obliged to make public pursuant to the Continuing obligations of companies admitted to trading on Oslo Børs Merkur Market, Nasdaq First North Growth Market and the EU Market Abuse Regulation. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out above, at 12:00 CET on 8 October 2020.
OSLO, NORWAY– 29 September 2020 – The Extraordinary General Meeting in Zwipe AS (Company) was held today. All proposed resolutions were approved unanimously in accordance with the call for the meeting. The minutes of the Extraordinary General Meeting are included as an attachment. The complete proposal, which was approved by the Extraordinary General Meeting, is available on www.zwipe.com for further reference. The attendants of the EGM represented 10,2% of the votes in the company.
The following resolutions were made:
Approval of capital increase directed against the chair of the Board
The general meeting resolved to approve the board's use of the authorization to increase the share capital to strengthen the Company's equity to issue and allocate 333,333 shares to the chair of the board of directors in the board meeting on 7 September 2020 on the terms that were stated in the company’s announcement on 7 September 2020.
Board authorizations and instructions to the Board regarding use of the authorization to issue shares to increase the company's equity
The Board proposed that a new authorization for the Board on capital increases are issued, to cater for strengthening of the Company's equity, including to facilitate for a potential repair issue (extract, please refer to the attachment to the notice for the complete proposal).
The Extraordinary General Meeting resolved to approve that the General Meeting granted a new authorization to the Board to issue shares corresponding to up to 10% of the share capital after both the capital increases under the Private Placement have been completed. The new authorization shall be restricted to issue shares to strengthen the Company's equity to the extent the Board considers this to be in the Company's best interest at the given time.
The authorization shall remain in force until the end of the annual general meeting 2021, however not beyond 30 June 2021. The pre-emptive right of the shareholders to subscribe may be set aside.
Resolution to amend the provision in the articles of association on notice period for the general meeting
The general meeting resolved to amend article 10 of the articles of association so that the notice period to the general meeting (ordinary and extraordinary) is 7 days.
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This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Oslo Børs Merkur Market and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0)8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, on 29 September, 2020 at 13:30 CEST
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
Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 528 00 399
For more information contact: Lars Kristian Solheim, CFO, +47 991 66 135 ir@zwipe.com
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
OSLO, NORWAY – 3 September 2021 – The primary insider Johan Biehl, a board member of Zwipe, has today sold a total of 92,883 shares at an average at SEK 37.03. Johan Biehl’s shareholding after the transaction is 120,000 shares. Feat Invest AB, where Johan Biehl is a board member, has sold 57,301 shares at an average price at SEK 36.86. Feat Invest AB’s shareholding after the transaction is 262,479 shares.
Attached is a copy of the forms submitted to the Norwegian FSA, Finanstilsynet, reporting the transactions as listed above:
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For further information please contact: André Løvestam, CEO, +47 991 66 135 ir@zwipe.com
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
OSLO, NORWAY AND BEIRUT, LEBANON – 03 September 2021 – Zwipe is proud to announce further orders for its Zwipe Pay ONE flagship product. The latest order was placed by Inkript, a digital security provider in the Middle East and Africa (MEA) region and a subsidiary of Resource Group, and one of Zwipe’s long established partners.
The order of USD 318,000 for Zwipe Pay ONE comes after significant technical assessment and intensive business development activity across the Middle East and Africa region. Zwipe Pay One is the world’s first single silicon based biometric payment platform offered to card manufacturers globally and will be delivered in 2021 and 2022. This order has been placed at a time when both Inkript and Zwipe are experiencing strong interest from issuers aiming for pilots this year and planning for commercial rollouts in 2022.
Inkript initially placed a small-scale order in 2020 to begin the technical and commercial evaluation of Zwipe Pay ONE. Following a successful evaluation period, the company has quickly moved to reinforce its leadership position in the MEA region by guaranteeing priority deliveries to its customers upon conclusion of planned pilot cases.
“There is a growing need for sustainable, secure and user-friendly payment solutions in the MEA region, addressing the concerns of both customers and financial institutions. As a result, Inkript remains determined to support the market needs not only through our expertise but also through solid and promising partnerships. Together with Zwipe, we are investing our efforts into securing several pilots in the region to widely introduce and develop the best-in-class Zwipe Pay ONE platform in the region. Our aim is to build market awareness of the benefits of the product and ultimately to secure our first pilot commitments,” says Riad Itani, Managing Director at Inkript.
André Løvestam, CEO of Zwipe, added: “It is encouraging that the early interest shown in Zwipe Pay ONE in the Middle East has now been converted into our first, sizeable order for our product from Inkript. Their willingness to be one of the first smart card manufacturers to bring Zwipe Pay ONE powered biometric cards to issuers and card personalization bureaus in the MEA region demonstrates their leadership in this area. We look forward to supporting Inkript on this journey and to our continued mutual success within the region”.
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For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
About Inkript
Inkript is a digital security solutions provider catering to governments, telecom operators and financial institutions in the MEA region. The company’s growth is driven by an extensive R&D and continuous investments in emerging technologies. Inkript is distinguished by its state-of-the-art factories, technology competence centers, customized integrated solutions and international certifications covering processes, quality and security.
Media Contact for Inkript: Ms. Ghina Ramadan, +9611412000 ext. 2931, gramadan@resource.group
Når en första kommersiell order
Det första halvåret och perioden efter har minst sagt varit händelserikt för Zwipe med ett antal större nya partnerskap, piloter, samarbetsavtal samt en första större kommersiell order. Den 11e maj tillkännagav bolaget ett samarbetsavtal med Beautiful Card Corporation (BCC) för att leverera bolagets biometriska kortlösningar till den asiatiska marknaden. BCC producerar kring 520 miljoner kort årligen, varav cirka 20 miljoner av dessa är betalkort. Kort efter halvårets utgång meddelande Zwipe att en första kommersiell order nåtts med BCC till ett värde av 1,9 miljoner USD, motsvarande nästan 17 miljoner kronor. Ordern kommer levereras under 2022, med möjlighet att skjuta på leverans om marknaden inte utvecklats snabbt nog. Detta utgör inte bara en av de större beställningarna för biometriska kort hittills utan innebär också att Zwipe nu tar första stegen in i den kommersiella resan, vilket bekräftar bolagets starka position i den begynnande marknaden.
Pilotavtal med stor global bank
Första halvåret har inneburit ett kraftigt växande nätverk av både partners och kunder. Dessa utgör en blandning av både kortutgivare och betaltjänstleverantörer vilket innebär att marknaden bearbetas från flera olika håll. Särskilt intressant är nyheten som släpptes i början av september där bolaget tillkännagav en pilot med en global Tier-1 bank. Piloten innebär att bolagets Zwipe Pay ONE plattform kommer att testas skarpt i tre europeiska länder i början av 2022 men potential för en kommersiell lansering i mitten av året. Detta kan utgöra en av bolagets största milstolpar hittills och potentialen är stor. Banken, som ännu inte tillkännagivits, har bas i Europa, agerar globalt på flera kontinenter och den potentiella långsiktiga volymen från avtalet är troligt i tiotals miljoner.
Tidigare i år har bolaget bland annat slutit avtal med KL HI-TECH för Indien, Be ys Pay för biometriska kort i Frankrike och Benelux-regionen, FSS för global utrullning, BCC som nämnt ovan, MEPS med fokus på MENA-regionen och Silkways Card & Printing Ltd med fokus på Bangladesh. Efter andra kvartalet har även avtal slutits med ICPS, med fokus på Afrika och Asien, samt ett avtal med MEPS där nyckelpersoner på ett tjugotal banker i Levant-regionen kommer få genomföra en pilot med bolagets Zwipe Pay ONE plattform. Det blir allt tydligare att en begynnande massmarknad tar form och intresset är större än någonsin från banker och kortutgivare.
Utvärderas av global Tier-1 korttillverkare
Utöver dessa avtal har därtill bolaget tillkännagivit att Zwipe Pay ONE plattformen utvärderas av en global smartcard-utgivare inom kategorin Tier 1. Tier 1 utgör världens tre största utgivare, alla med volymer över en halv miljard kort om året, och är en kundkategori vi tidigare inte beräknat som ett fokusområde för bolagets marknadsbearbetning. Det faktum att Zwipe nu utvärderas av allt större aktörer är en indikation på den attraktiva, konkurrenskraftiga ställning bolaget etablerar på denna begynnande marknad. Ett avtal med en kund i denna kaliber skulle innebära en större adresserbar marknad och hade accelererat adoptionen av biometriska kort givet dessa aktörers etablerade kundrelationer med några av världens största banker.
Milstolpe efter milstolpe
Halvåret innehöll inga överraskningar i siffrorna med en omsättning på 1,4 miljon norska kronor (0,9), ett resultat kring -26,9 miljoner norska kronor (-31,6) och en burnrate kring 5 miljoner norska kronor per månad. Trots detta har sommaren inneburit ett stort antal stora milstolpar för bolaget vilket gör att risken minskar samtidigt som långsiktiga potentialen stärks. Alltmer talar för att vi står inför större kommersiellt genombrott under 2022 och vi väntar oss ett fortsatt spännande år för bolaget. Till följd av sänkt diskonteringsränta och mindre förändringar i våra prognoser höjer vi bolagets motiverade värde till 43–46 kronor (34–37), på 12–18 månaders sikt.
OSLO, NORWAY – 2 SEPTEMBER 2021 - Zwipe is proud to announce a biometric payment cards pilot with a Global Tier-1 bank. The bank, which is headquartered in Europe, has a strong presence in retail banking and serves many millions of customers across several continents. The pilot will take place in three European countries using biometric payment cards based on the Zwipe Pay ONE platform.
Across many global markets, Zwipe and its card manufacturing partners are experiencing growing interest in biometric payment cards from banks. These cards will deliver world class transaction security, uplifted user experience, improved loyalty and drive new customer acquisition. Delivering a completely touch-free check-out experience above and below the current contactless limits, biometric payment cards will address elevated consumer concerns about touching the point-of-sale terminals.
Together with its card manufacturing and personalization partners, who will deliver the Zwipe Pay ONE Biometric Cards, Zwipe will commence working with the Global Tier-1 Bank later this month with the aim to launch a pilot of a few hundred cardholders across three European countries in Q1 2022. The bank also plans for a commercial launch of Zwipe Pay ONE based biometric payment cards later in the summer 2022, subject to positive results in the pilot.
André Løvestam, CEO of Zwipe, said: “We are thrilled that a Global Tier 1 bank has chosen Zwipe Pay ONE-based biometric payment cards for their pilot and, potentially, for a commercial launch where the long-term potential could be significant. Besides the technology, Zwipe will also support the bank through all stages of the pilot, ensuring that all end users’ experiences and feedback are systematically captured. This Zwipe Pay ONE pilot is a significant milestone and a testament to our world-class technology and excellent collaboration with strong partners in all parts of the payments ecosystem”.
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This is information that Zwipe AS is obliged to make public pursuant to the Continuing obligations of companies admitted to trading on Euronext Growth Market 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 12:45 CEST on 2 September 2021.
For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.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
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.
OSLO, NORWAY – 30 August 2021 – Zwipe AS (“Zwipe” or the “Company”) is pleased to announce that it has raised approximately NOK 104 million in gross proceeds through a private placement of 4,000,000 new shares (the “New Shares”), directed towards Erik Selin Fastigheter AB (the "Private Placement"). The Company has prior to the resolution received an indication of interest from Erik Selin Fastigheter AB covering the transaction size.
The net proceeds of the Private Placement will be used to fund further development and commercialization of the Company, general operating costs and strategic investments. After completion of this private placement, Zwipe is funded through commercial launches in 2022 and beyond based on the current business plan and market assumptions.
The subscription price in the Private Placement will be NOK 26.10 per share, corresponding to today's closing price on Nasdaq First North Growth Market. As no discount has been provided, the board does not plan to execute a repair issue.
The new Shares will be issued and tradable on Euronext Growth Oslo and Nasdaq First North Growth Market in Stockholm following the registration of the share capital increase in the Norwegian Register of Business Enterprises expected to take place on or about 30 September 2021.
The Board has found the Private Placement to be in compliance with the applicable equal treatment requirements, ref. Euronext Growth Oslo Rule Book, Part II, section 3.1. The Private Placement allows the Company to raise capital faster, with lower risk and significantly lower transaction costs than in a rights issue. Further, no discount is given from market price. The Board also shows to that no discrimination among the existing shareholders is taking place since Erik Selin Fastigheter AB is not a shareholder. Finally, the Board emphasizes that Erik Selin Fastigheter AB is generally considered a strong and long term investor who the Company and the joint shareholders will gain from including as a shareholder.
The Private Placement is exempted from relevant prospectus requirements (i) outside the United States in reliance on Regulation S under the United States Securities Act of 1933, as amended, (the “US Securities Act”) and (ii) in the United States to "accredited investors" as defined in the US Securities Act Rule 501(a), acquiring the New Shares for investment purposes for its own account, or pursuant to another exemption from the registration requirements of the US Securities Act.
Simonsen Vogt Wiig AS is acting as legal advisor to Zwipe.
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
This is information that Zwipe AS is obliged to make public pursuant to the Euronext Growth Market Oslo Rule Book Part II, Section 3.10 and the EU Market Abuse Regulation. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out above, at 19:30 CEST on 30 August 2021.
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This release is issued for information purposes only, and does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States.
The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assume any responsibility in the event there is a violation by any person of such restrictions.
The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
The Managers are acting for the Company and no one else in connection with the Private Placement and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Private Placement and/or any other matter referred to in this release.
Forward-looking statements: This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
OSLO, NORWAY – 26 August 2021 – Zwipe AS today publishes its first half-year 2021 report.
Summary Financial development
Second-quarter 2021
First half-year 2021
Significant events during the period
Significant events after the period
Message from the CEO
Continued strong progress
During the first half of the year, Zwipe Pay ONE and our compelling end-to-end offering continued to drive interest from all stakeholders in the payment ecosystem. Thanks to continued strong and growing global interest in biometric payment cards among Smart Card Manufacturers, Personalization Bureaus, Payment Processors, and Financial Institutions, we have expanded our ecosystem in all these categories and will continue to further strengthen our foundation for future market success. During the period, we announced important new events and milestones:
To proactively support our new customers and partners, we’ve taken many steps to strengthen our organization, including:
In April 2021, we demonstrated the Zwipe Pay ONE platform with a demo card and a home enrollment solution. We successfully carried out EMV authenticated transaction at Point-of-Sale terminals in a test environment. The feedback from the market was highly positive as we were able to demonstrate that transactions could be executed quickly and reliably, providing a considerable improvement to user experience, security, safety, and hygiene.
We have now passed almost all critical milestones and major risk points, with piloting and certification left before full commercialization and mass volumes.
Several of Zwipe’s smart card manufacturing partners have completed their internal testing processes and have begun small-scale manufacturing trials. In August 2021, we received our first commercial order for the Zwipe Pay ONE platform from Beautiful Card Corporation (in Taiwan). The net contract value is $1.9 million, marking the transition to a new phase on a very exciting journey for Zwipe. Deliveries are planned to begin in 2022. The order is a testament to how Zwipe Pay ONE is getting closer to a mass-market launch and how our global delivery set-up is getting ready to bring the next generation of payment cards to issuers, smart card manufacturers and payment processors across multiple markets.
At the same time, and as part of our global expansion plan, we have established wholly owned subsidiaries in the UK and Germany to support the global mass-market deployment of Zwipe Pay ONE powered payment cards.
Adding value through our unique and highly differentiated offer
The offer Zwipe brings to the market has proven highly attractive. It consists of the industry’s most integrated secure element, offering superior energy efficiency and biometric performance at highly competitive manufacturing cost. Together with partners we manufacture our internally developed ISO module which integrates our secure element with our ISO contact plate and ultimately with our passive inlay. We provide methods and solutions for our customers to embed the fingerprint sensor during manufacturing of the biometric payment cards. Since our secure element is so advanced in its integration of capabilities that are otherwise provided by external components, our passive inlay allows for our customers to manufacture the complete biometric card at industry-leading cost. In addition to our turn-key technology offering, we offer value-added services and insights in our end-to-end approach. The number of customers that have selected Zwipe Pay ONE is the best testament to the competitive nature of our unique and highly differentiated offer.
With strong market traction and a welcoming reaction from major industry players worldwide, Zwipe is on track to deliver on our ambitions and bring the next generation payment experience powered by biometrics to consumers globally.
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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 August 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
[1] Comparative figures in brackets are for Q2 2020
[2] Comparative figures in brackets are for H1 2020
OSLO, NORWAY and AMMAN, JORDAN – 16 August 2021 – Middle East Payment Services (MEPS) and Zwipe are pleased to announce the launch of a pilot of Biometric Payment Cards based on the Zwipe Pay ONE platform to top-level executives and key decision makers at up to 20 banks and issuers in the Levant region. MEPS is a key regional player in card issuing, payment processing and merchant acquiring services in the Middle East and North Africa (MENA). Zwipe is a biometric fintech pioneering next generation contactless payment globally.
In June, MEPS and Zwipe announced their partnership to bring Biometric Payment Cards to banks and consumers in MENA. Both organizations have noted a strong interest in biometric payment cards in the region.
Highlighting this development, Ali Abdel Jabbar, Chief Executive Officer at MEPS shared, “Nothing brings more trust in Biometric Payment Cards than the first-hand experience of using them. With this pilot, MEPS will offer the top-ranking officers and key decision makers at up to 20 banks and issuers a chance to gain such first-hand experience by trying these state-of-the-art payment cards in a live environment, making it the largest multi-bank trial of these cards globally. The pilot will be concluded in Q4 2021 with Zwipe Pay ONE Cards delivered from Inkript. We are confident that after these trials, most banks will launch pilots leading to multiple commercial launches.”
The General Manager of Zwipe MENA, Ramzi Saboury commented, “We are proud that our partner MEPS is amongst the global pioneers and first in MENA to pilot Zwipe Pay ONE, paving the way for issuers to try and ultimately launch this great technology”.
As part of the collaboration, Inkript will deliver Zwipe Pay ONE-based cards to MEPS. Inkript supplies 100 million smart cards annually across the Middle East, Africa and Europe. In 2020, it selected Zwipe for its next-generation contactless cards.
“We are impressed with the innovativeness and boldness of MEPS to launch such a large-scale, multi-bank pilot of Zwipe Pay ONE cards across the Levant region. This is a completely new approach to piloting our technology, providing a unique opportunity for top bankers and decision makers in up to 20 individual banks to experience first-hand the enhanced convenience, security and hygiene benefits of biometric payment cards. We are extremely happy and excited that our collaboration with MEPS is proceeding at such great pace,” added André Løvestam, CEO of Zwipe.
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This is information that Zwipe AS is obliged to make public pursuant to the Continuing obligations of companies admitted to trading on Euronext Growth Market 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 08:45 CEST on 16 August 2021.
About MEPS
Middle East Payment Services (MEPS), founded in 2009, is a Principal Issuer and Acquirer of Visa, MasterCard, and UnionPay, with presence in Jordan, Iraq, and Palestine. The company offers financial institutions, merchants, and corporations, a complete range of secure payment solutions in card issuance / hosting, payment processing, alternative payments, ecommerce acquiring, point-of-sale (POS) acquiring, ATM driving and management, and customized value-added services adhering to PCI Data Security Standards (PCI DSS). MEPS is owned by 10 Jordanian and regional banks.
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: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY and TAOYUAN, TAIWAN – 3 August 2021 – Zwipe is proud to announce a substantial order of USD 1.9m (net) for its flagship Zwipe Pay ONE product. The order was placed by Taiwan’s Beautiful Card Corporation (BCC) and covers the supply of modules, sensors and inlays, enabling BCC to be one of the first manufacturers to bring significant volumes of this next generation of biometric payment cards to market. This order for Zwipe Pay ONE, the world’s first single silicon based biometric payment platform offered to card manufacturers globally, will be delivered in 2022, with the option to extend delivery beyond that date if market take off is slower than anticipated, leaving any remaining unfulfilled quantities.
With around 520 million cards produced annually, of which around 20 million are EMV payment cards, BCC is listed as the largest scratch card manufacturer in Taiwan, the 2nd largest in Asia and 7th in the world.
This order follows on from the agreement between the two companies that was announced in May 2021 after an extensive period of evaluation of the Zwipe Pay ONE solution. With BCC’s volume manufacturing facility now ready, and demand for the product intensifying across the globe, the timing is right for manufacturers to begin to commit to orders, thereby securing access to and delivery priority for this innovative product at scale.
“Driven by the rapidly growing sales pipeline of new opportunities identified for NextGen Payment Cards, BCC wishes to ensure production capacity and placing this order to Zwipe is part of that commitment to our customers. We are working on bringing a disruptive new product to market and are excited by the opportunities that this will create,” commented Peggy Wu, CEO and Chairman of BCC.
“We are delighted and grateful that BCC has made this commitment to Zwipe and Zwipe Pay ONE. The partnership with BCC has been exceptional and we continue to work closely in advancing both technical and commercial activities. BCC’s investment of human and financial resources to manufacture the Zwipe Pay ONE product has demonstrated their ability to bring an outstanding product to market at scale. We look forward to be working even closer with BCC through certification and volume ramp-up,” added André Løvestam, CEO of Zwipe.
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This is information that Zwipe AS is obliged to make public pursuant to the Continuing obligations of companies admitted to trading on Euronext Growth Market 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 3 August 2021.
About Beautiful Card Corporation
Beautiful Card Corporation (BCC) was founded in October 1991. BCC has state-of-the-art equipment and professional specialists to fulfil their consistent management policy of providing high-quality products with competitive price. Since BCC’s founding, they have been developing new technology in card industry as well as continuously putting efforts to the innovation and improvement of all sorts of cards. Thanks to their continuous efforts, BCC’s capacity was recognized and approved by customers all over the world. BCC’s annual capacity now reaches 200 million Scratch cards, 300 million GSM SIM cards, 20 million EMV cards. BCC has obtained ISO 9001 / IS27001/ ISO14001/ ISO 45001/ ISO14298/MasterCard CQM / Visa / MasterCard / JCB / GSM SAS certifications.
Media Contact for Beautiful Card Corporation: shellen@beautifulcard.com
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing technology to 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 info@zwipe.com
