OSLO, NORWAY – 13 September 2022 – The share capital increase of 10,000 new shares in Zwipe AS, as resolved by the board meeting of the company on 29 August 2022, has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 3,755,168.50, and the new number of shares and votes is 37,551,685.
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This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 14:15 on 13 September 2022.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
+47 909 98 201
danielle@zwipe.com
OSLO, NORWAY – 8 September 2022 – The share capital increase of 25,000 new shares in Zwipe AS, as resolved by the board meeting of the company on 27 June 2022, has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 3,754,168.50, and the new number of shares and votes is 37,541,685.
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This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 07:00 on 8 September 2022.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
+47 909 98 201
danielle@zwipe.com
OSLO, NORWAY – 25 August 2022 – Zwipe AS, a leading provider of biometric payment card solutions, is proud to announce that it has obtained the Component Conformity Statement (“CCS”) certificate from Mastercard for the Zwipe Pay platform, the most advanced and integrated biometric card solution available to all Smart Card Manufacturers (“SCMs”) in the market today.
This CCS certificate enables Zwipe’s customers, the SCMs, to leverage Zwipe’s certification results to obtain a Letter of Approval ( “LoA”) from Mastercard for their own biometric payment cards built on the Zwipe Pay platform.
Zwipe successfully passed all tests required to obtain the Mastercard CCS certificate. This certification confirms that the Zwipe Pay biometric payment card platform meets all the security, reliability, functionality, and performance standards required by Mastercard. Zwipe’s complete end-to-end biometric payment card platform is now ready for full adoption by SCMs to produce Mastercard cards.
Issuers can now work with their SCMs to develop and launch biometric payment cards based on Zwipe Pay, and leverage Mastercard’s global network to deliver Mastercard biometric payment cards throughout the world. Issuers will have the opportunity to create differentiation, accelerate customer acquisition, uplift loyalty and create new revenue streams. Consumers will benefit from more convenient, safe, and secure ways to pay.
“Having the Zwipe Pay platform certified by Mastercard is a significant milestone and major step forward for Zwipe and our customers. This development will further accelerate issuer pilots and planned launches based on Mastercard’s network. The pathway is now open for Smart Card Manufacturers and issuers all over the world to certify, produce and deploy Mastercard biometric cards based on Zwipe Pay,” said Robert Puskaric, CEO of Zwipe.
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This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 11.15 on 25 August 2022.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
+47 909 98 201
danielle@zwipe.com
This CCS certificate enables Zwipe’s customers, the SCMs, to leverage Zwipe’s certification results to obtain a Letter of Approval ( “LoA”) from Mastercard for their own biometric payment cards built on the Zwipe Pay platform.
Zwipe successfully passed all tests required to obtain the Mastercard CCS certificate. This certification confirms that the Zwipe Pay biometric payment card platform meets all the security, reliability, functionality, and performance standards required by Mastercard. Zwipe’s complete end-to-end biometric payment card platform is now ready for full adoption by SCMs to produce Mastercard cards.
Issuers can now work with their SCMs to develop and launch biometric payment cards based on Zwipe Pay, and leverage Mastercard’s global network to deliver Mastercard biometric payment cards throughout the world. Issuers will have the opportunity to create differentiation, accelerate customer acquisition, uplift loyalty and create new revenue streams.
Consumers will benefit from more convenient, safe, and secure ways to pay.
“Having the Zwipe Pay platform certified by Mastercard is a significant milestone and major step forward for Zwipe and our customers. This development will further accelerate issuer pilots and planned launches based on Mastercard’s network. The pathway is now open for Smart Card Manufacturers and issuers all over the world to certify, produce and deploy Mastercard biometric cards based on Zwipe Pay,” said Robert Puskaric, CEO of Zwipe.
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This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 11.15 on 25 August 2022.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
+47 909 98 201
danielle@zwipe.com
OSLO, NORWAY – 24 August 2022 – KAD Group AS, a company 100% owned by the CFO of Zwipe AS, Danielle Glenn, has today acquired 12,000 shares in Zwipe AS. After this transaction, KAD Group AS holds 12,000 shares in Zwipe AS.
The shares were acquired on Euronext Growth Oslo at a price of 8.30.
Attached is a copy of the form submitted to the Norwegian FSA, Finanstilsynet, reporting the transaction as listed above.
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This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 12:15 on 27 June 2022.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
+47 909 98 201
danielle@zwipe.com
OSLO, NORWAY – 23 August 2022 – Zwipe AS ("Zwipe" or "the company") today announces its results for the first half 2022.
Operational highlights
Financial highlights
Review
In H1 2022, we signed seven new issuers for Zwipe Pay, from Germany to India and across the Middle East. All of them are planning pilots with our card manufacturing partners, although we have learned that pilot preparation is taking longer than previously expected. We also expanded our global delivery capabilities and market reach by signing one major SCM and onboarding two leading personalization solution providers as go-to-market (“GTM”) partners.
Zwipe is pursuing an “execution first” approach focusing on launching announced pilots. In total, seven issuer pilots are progressing with good pace and according to issuer plans. Additional pilot launches are expected in the coming quarters, with launch dates entirely dependent on issuer decisions. We are also focused on “execution first” with our SCM customers – getting all certified and ready for mass volume production. While these remain our top priorities, Zwipe continues expanding our customer and issuer pipeline – critical to our medium-term success.
In March, Zwipe completed the certification process with Visa and obtained the Visa LoA. This certification marks a major milestone towards commercialization of Zwipe Pay and was followed by Visa LoAs obtained by lead customers BCC, TAG Systems and Inkript. This list is expected to grow significantly going forward. Zwipe has successfully completed additional testing with third party laboratories that should ease additional payment scheme certifications.
It is undeniable that market takeoff of biometric payment cards has been slower than envisioned. BPC volumes deployed are expected to remain fairly low into 2023, before growing exponentially thereafter. Zwipe is not immune to the delayed market takeoff, but our customers and partners remain committed to launching pilots and commercial propositions, even if somewhat later than originally planned. Furthermore, consumer demand for BPCs remains strong with 82% of individuals surveyed by Zwipe saying that they want their next card to be biometric and 60% saying they would consider switching to banks who offer biometric cards. Importantly, most third-party research continues to point to BPCs accounting for 15-20% of total EMV units shipped by 2030 (estimated at 3-4 billion units), highlighting just how large the market potential remains.
For Zwipe Access, we now have a healthy and growing list of opportunities within the data center and airport verticals as well as other security sensitive customer segments. The growing number of requests for Zwipe Access solutions is driven by increasing demand for stronger data privacy, higher security and better user experience. Indeed, Zwipe was recognized by Fraport, operating 31 international airports globally, as a potential provider for next generation security solutions at their airports. Fraport’s initial trials have now been completed and they are evaluating possible next steps.
There were substantial changes in the executive management team at Zwipe during the first half, with three of the six-member C-suite newly joining the company – strengthening leadership, bringing industry expertise and positioning Zwipe well for the future.
Financial review
Zwipe reported total revenues of 0.8 mNOK during H1 2022 versus 1.4 mNOK in H1 2021. On an adjusted basis, total operating expenses increased by 13.3 mNOK to 48.4 mNOK in H1 2022 versus H1 2021. The majority of this increase was due to personnel expenses, which increased by 9.1 mNOK to 25.9 mNOK in H1 2022 versus H1 2021. Of the 9.1 mNOK, 5.5 mNOK were one-off costs related to former executives leaving the company. The remaining increase in personnel expense is largely due to an increase in headcount by 13 people to meet the strong demand for the company’s solutions and to prepare for piloting and deployment of our card payment solutions and services.
Zwipe’s cash position remains strong, with cash and cash equivalents at 109.7 mNOK on 30 June 2022.
Total equity as of 30 June 2022 was 108.8 mNOK resulting in an equity ratio of 89%, roughly stable versus the position at the end of the first half of 2021.
The way forward
Zwipe is progressing well in many important areas even if the market for biometric payment cards is developing at a slower pace than expected. Operating expenses and headcount are not expected to increase substantially in H2 vs H1 2022 nor at the pace expected at the start of the year. Zwipe will, however, continue to invest intelligently – particularly in its people and technology.
For Zwipe Pay, second half priorities will center on pilot deployment with issuers, assisting SCMs in becoming mass production and delivery ready, and continuing to expand our customer and issuer pipeline. Further developing the dedicated customer project management function and standardized blueprint to improve pilot execution will be a key focus during H2 2022.
Going forward, Zwipe Access is expected to contribute a larger part of revenue than previously assumed. The pipeline for Zwipe Access is healthy and growing with prospects within the data center and airport verticals as well as other security sensitive customer segments.
Results presentation
CEO Robert Puskaric and CFO Danielle Glenn will present the H1 2022 results by webcast tomorrow, Wednesday August 24th, at 09:00 CEST.
Webcast details
Format: Webcast, Conference Call and Q&A
Language: English
Link: https://q4-emea.wavecast.io/zwipe-as/h1-2022-operational-update
Dial-in numbers:
Participants will be required to register to view the webcast and participate in the Q&A
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This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 12:15 on 27 June 2022.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
+47 909 98 201
danielle@zwipe.com
Webcast details
Date: 24 August 2022
Time: 09:00 CEST
Format: Webcast, Conference Call and Q&A
Language: English
Link: https://q4-emea.wavecast.io/zwipe-as/h1-2022-operational-update
Participants will be required to register to view the webcast and participate in the Q&A
This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 12:15 on 27 June 2022.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
+47 909 98 201
danielle@zwipe.com
OSLO, NORWAY – 27 June 2022 – The board of directors of Zwipe AS ("Zwipe" or the "Company") has today resolved an increase in the share capital of the Company in the amount of NOK 2,500 through the issuance of 25,000 new shares in the Company, each at a strike price of NOK 10.00. The new shares were issued under the Company's stock option incentive program.
Primary insider Eric Mercer, COO of Zwipe AS, exercised 20,000 stock options. After completion of the transaction, Eric Mercer will hold 25,500 shares and 200,000 stock options in the Company. The remaining 5,000 stock options were exercised by an employee of the Company not being a primary insider.
All the exercised options have been granted in accordance with the Company's stock option incentive program described in the Company's latest annual financial statement.
Attached is a copy of the form submitted to the Norwegian FSA, Finanstilsynet, reporting the primary insider transaction 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 section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 12:15 CEST on 27 June 2022.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
+47 909 98 201
danielle@zwipe.com
Dear Customers, Zwipers and Partners,
22 June 2022:
I am delighted to begin this new journey as the CEO of Zwipe. Since day one, I have felt thoroughly welcomed and enjoyed the energy, engagement and competencies that we have in the team.
I would like to start by saying a big thanks to all Zwipers for working tirelessly and to André Løvestam for having been such a strong ambassador of next generation biometric cards for many years.
More card manufacturers, payment processors, banks and enterprises than ever before are today committed to launch their next generation card programs with Zwipe. My sincere thanks to our customers and partners for their continued confidence in our platform. Throughout H1 2022, we continued to grow our customer and partner base at a strong pace.
We also strengthened our organization by welcoming Patrice Meilland as Chief Strategy & Product Officer and Danielle Glenn as CFO & Head of IR. Patrice joins from his position as the SVP of Advanced Cards in Idemia. Danielle brings substantial financial markets experience from the likes of Goldman Sachs and her most recent role as the CFO of Arctic Bioscience. With a strong focus on ensuring deliveries and successful launches, we have also strengthened our engineering teams.
Throughout H1 2022, we continued to investigate consumers’ payment preferences and their feedback on biometric payment cards. From Austria to Australia, Italy to Taiwan, Malaysia to The Netherlands and Germany, consumers’ interest in biometric payment cards remained consistent and very strong. This is encouraging, not just for Zwipe but for all our customers, partners and industry peers who just like Zwipe are on a mission to deliver the next generation payment and access control experience worldwide.
I now look forward leading Zwipe and together as a team delivering measurable value to our customers, partners and shareholders.
Wishing you all a happy and safe summer!
Robert Puskaric
President and CEO of Zwipe
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.
For further information please contact Robert Puskaric, President and CEO, +46 70 519 34 07 info@zwipe.com
OSLO, NORWAY – 18 March 2021 – The primary insider Energetic AS, owned by André Løvestam, CEO of Zwipe AS, has yesterday and today acquired a total of 416,000 shares. Energetic AS’ shareholding after the transaction is 916,000 shares.
The shares have been acquired as follows:
Euronext Growth Market in Oslo:
First North Growth Market in Stockholm:
Attached is a copy of the form submitted to the Norwegian FSA, Finanstilsynet, reporting the transactions as listed above.
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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 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:
Lars Kristian Solheim, CFO
+47 991 661 35
lars.kristian@zwipe.com
OSLO, NORWAY – 2 March 2021 – Tag Systems, a leading provider of payment cards (and part of AUSTRIACARD Group) has decided to step up its collaboration with Zwipe on biometric payment cards. The parties have been working together since 2019 and as the biometric payment cards marketplace has evolved, they are now stepping up their collaboration to bring the most advanced new biometric payment cards to issuers in Europe and North America. Tag Systems also placed a small order for Zwipe Pay ONE.
Since establishing its first card production and personalization facilities in 1999, Tag Systems has grown rapidly and joined forces with AUSTRIACARD Group. Together the group delivers 100 million payment cards each year across Europe, the Middle East and the US. While serving many large European banks, Tag Systems has also grown rapidly in the challenger bank segment, including the establishment of Tag Nitecrest in the United Kingdom and expanded reach by opening a US-based card bureau servicing the North American market.
Speaking on the partnership Jon Neeraas, CEO of Tag Systems, said “After almost two years of technology partnership, our collaboration with Zwipe has never been stronger. We are excited about the interest we see for our new biometric payment cards built on the Zwipe Pay ONE platform, which delivers the highest level of integration and performance. With increasing interest for these cards from our issuer clients, time is right to expand our collaboration and proactively develop the market and accelerate commercialization”.
As part of the new agreement, Tag Systems will proactively promote Zwipe Pay ONE biometric payment cards towards issuers and partner bureaus in Europe and the USA. The two parties have also agreed to execute a go-to-market plan to jointly sell and market these next generation payment cards.
“We are delighted with the renewed and uplifted agreement with Tag Systems, one of our long-standing partners. This will accelerate activities with issuers in Europe and the USA. Our collaboration is now entering the commercial phase where we will scale our businesses through pilots from late summer 2021 and market launches towards the end of the year. I thank Tag Systems for their continued trust in Zwipe, and look forward to a mutually rewarding partnership,” said André Løvestam, CEO of Zwipe.
To learn more, visit www.zwipe.comFor further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
About Tag Systems
Tag Systems, part of Austria Card Group, is evolving the way the payment industry moves, by seamless supply of ready-made payment cards throughout all European countries and more. Our fast-growing Group with more than 900 employees make sure we deliver high quality products and services to financial institutions.
Media Contact: Olga Baro, +376 358 321 obaro@tagsystems.net
OSLO, NORWAY – 25 February 2021 – Zwipe AS today publishes its annual report 2020.
Highlights for 2020 include:
Financials
Revenues increased to MNOK 1.8 (MNOK 1.5).
Operating expenditures were reduced to MNOK 63.7 (MNOK 96.8). In constant currency, this represents a 38% reduction. The savings resulted from the streamlining program as announced in November 2019.
EBITDA improved to MNOK -59.9 (MNOK -92.0), mainly due to the implementation of the streamlining program.
Results before tax was MNOK – 61.9 (MNOK -94.9), and earnings per share improved to NOK -1.89 (-5.98).
Cash flow from operations before financing improved to MNOK –62.1 (-85.0). The cash flow in 2020 included co-investments with Idemia of MNOK 19.7, compared to MNOK 9.3 in 2019. Adjusted for these elements, the operating cash flow was improved by 39% compared to 2019.
The Board of Directors proposes that no dividend be paid for 2020.
Significant events 2020
Zwipe listed on Nasdaq First North Growth Market in Stockholm, Sweden.
Zwipe expanded its growing network of industry partnerships covering Europe, Asia, the Middle East and Africa during 2020 including the 5 new customer partnerships announced; Masria Digital Payments, Watchdata Technologies, Toppan Forms Card Technologies, Asia Credit Card and Publicenter.
Zwipe also partnered with Liveo Research, Smart Technology Services, Wisecard and CardMatix, expanding our ecosystem to enable cost-efficient mass-volume manufacturing of biometric payment cards based on Zwipe Pay ONE.
Zwipe and Idex entered a collaboration framework for Zwipe Pay ONE. Idemia, Zwipe and Idex achieved several key milestones towards the next generation biometric card platform.
Zwipe and TietoEVRY joined forces with a landmark agreement to deliver biometric payment solutions based on the Zwipe Pay ONE solution to banks in the Nordic and Baltic regions. The agreement significantly increases our market reach as TietoEVRY is the leading provider of payment cards to issuers in these regions.
Zwipe secured a strong foothold in the Middle East through go-to-market partnerships with three leading players in card payments: areeba, Inkript and VeriTech.
Zwipe successfully completed a private placement, followed by a subsequent repair offering, issuing 7,381,315 new shares and raising approximately NOK 111 million in gross proceeds in total.
Zwipe placed an order for 300,000 units of Idex’s next generation fingerprint sensors to support the rollout of Zwipe Pay ONE.
Zwipe conducted several cardholder insight studies including some with our partners. Insights from the Nordics, UK and the United States show strong consumer interest for safer and more secure payments.
In partnership with TietoEVRY, Zwipe secured the first pilot program with Zwipe Pay ONE with OP Financial Group, the largest Financial Services Group in Finland.
Zwipe’s next-generation chip for biometric payment cards, in which Zwipe has co-invested with Idemia, obtained the ICCN security certification from EMVCo.
Significant Events after the period
Swedish fintech Vopy chose Zwipe’s biometric payment platform, Zwipe Pay ONE, for its biometric payment cards. Vopy’s partner network consists of telecom providers and financial institutions that reach millions of consumers.
Announced agreements with 4 new smart card manufacturers.
André Løvestam, CEO comments
"2020 was a landmark year for Zwipe. In 2020 we positioned the company for growth through significant expansion in our customer and partnership engagements, advances in our technology leadership, and by strengthening our organization. We have seen increased public awareness of the importance of contactless payment and a sharp rise in demand for safe and secure payment solutions. The Zwipe Pay ONE development project has now passed its most critical milestones and the first pilots incorporating Zwipe Pay ONE have already been announced. The next steps, in addition to full completion of our internal development, are to prepare our smart card manufacturers and issuers for pilots, certification and volume production, after which fully certified biometric payment cards will be available from our customers to issuers for full commercial launch,” says André Løvestam, CEO of Zwipe.
He added, “While COVID-19 has created and continues to create challenges to project execution, the elevated focus on safety following the pandemic has dramatically increased the growth of contactless transactions and transaction caps have been raised all over the world. Hygiene and safety are likely to become accelerators and game-changers for biometric payments for years to come. We experienced an unprecedented acceleration in our engagements with issuers and card manufacturers throughout 2020. We are engaging with more than 250 banks and over 40 of the world’s top 50 smart card manufacturers and our pipeline in both these segments has never been stronger. We are confident that our strategic partnerships, global technology excellence, focused engagements with issuers, as well as our end-to-end trusted advisor approach and unique one-stop-shop offering, are laying the foundation for many commercial wins ahead”.
“By bringing together leading suppliers of technology, payment cards, personalization, fulfilment services, and processing services, as well as issuers with a strong end-user focus, we have created an end-to-end ecosystem to deliver Biometric Payment Cards in key markets. We are well prepared to address a global market with strong long-term growth and value creation potential,” Løvestam concluded.
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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:
Lars Kristian Solheim, CFO
+47 991 661 35
lars.kristian@zwipe.com
This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo, Nasdaq First North Growth Market and the EU Market Abuse Regulation. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0)8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 08:02 CET on 25 February 2021.
OSLO, NORWAY – 25 February 2021 – Zwipe AS today publishes its second half-year 2020 report.
Summary Financial development for second half-year:
Revenues of MNOK 1.0 (MNOK 1.2).
Operating expenditures were reduced to MNOK 31.3 (MNOK 60.2). In constant currency, this represents a 49% reduction. The reduction is due to cost of MNOK 19 in H2 2019 related to the jointly funded development collaboration with Idemia, as well as savings as a result of the streamlining program announced in November 2019.
EBITDA improved to MNOK -29.1 (MNOK -56.6) mainly due to the implementation of the streamlining program.
Results before tax was MNOK -30.4 (MNOK -58.8), and earnings per share of NOK -0.93 (NOK -3.69).
Cash flow from operations for the second half-year of MNOK -20.1 (MNOK -51).
The Board of Directors proposes that no dividend be paid for 2020.
The annual report 2020 will be released through a separate stock exchange announcement shortly after this announcement.
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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:
Lars Kristian Solheim, CFO
+47 991 661 35
lars.kristian@zwipe.com
This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo, Nasdaq First North Growth Market and the EU Market Abuse Regulation. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0)8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 08:00 CET on 25 February 2021.
OSLO, NORWAY – 18 February 2021- The share capital increase of 21,832 new shares in Zwipe AS, as resolved by the board meeting of the company on 19 January 2021, has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 3,292,840.80, and the new number of shares and votes is 32,928,408.
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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:
Lars Kristian Solheim, CFO
+47 991 661 35
lars.kristian@zwipe.com
This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Oslo Børs Merkur Market and on Nasdaq First North Growth Market.
Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0)8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 21:10 CET on 18 February 2021.
OSLO, NORWAY – February 10, 2020 – Biometric fintech company Zwipe is pleased to announce that over the recent months it has finalized four new partnerships with prominent card manufacturers in Asia-Pacific and Europe. The combined annual card shipment from these new customers is in excess of 1 billion, of which payment cards constitute more than 150 million.
The new card manufacturers are working with Zwipe to develop and exploit the new market opportunities for biometric payments. As part of their engagement with Zwipe, these customers have chosen the Zwipe Pay ONE platform for delivering biometric payment cards to the issuers, targeting pilots before the end of 2021. Subject to positive pilot results, mass-market rollout will follow.
Commenting on these partnerships, André Løvestam, CEO of Zwipe said “We continue to see strong traction from card manufacturers all over the world to engage with Zwipe on biometric payment cards based on our Zwipe Pay ONE platform. This is well matched by interest from issuers who are keen to deliver the next generation contactless payments experience to consumers, combining the convenience and safety of truly contact-free with the security of strong biometric authentication.”
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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 STOCKHOLM, SWEDEN – 3 February 2021 – Biometric technology company Zwipe is pleased to announce that its biometric payment platform, Zwipe Pay ONE, has been selected by Swedish fintech Vopy, a provider of embedded financial services for telecom and financial institutions. Vopy is headquartered in Stockholm and has its R&D in Oslo.
As a commercial issuer, Vopy will issue biometric payment cards powered by Zwipe Pay ONE and delivered by card suppliers in Zwipe’s network. Vopy’s partner network consists of telecom providers and financial institutions that reach millions of consumers. In the first phase of collaboration, Vopy aims to launch a pilot in Q3 2021. Subject to a positive outcome from the pilot, Vopy aims for an initial rollout from Q4 2021, starting with 100.000 biometric payment cards by the end of this year and 500.000 cards in 2022.
Vopy is an innovative fintech specializing in embedding cross-border transfers, payments, insurance and banking services through selected social media platforms and mobile apps. This enables Vopy’s partners to quickly scale their financial services globally with efficiency, lower costs and great agility.
“As a disruptive financial services platform provider, it is crucial for Vopy to deliver a payment solution built on world-class security and user experience. Having closely followed Zwipe’s innovations in biometric payments and their global delivery network of card suppliers, our decision to go for Zwipe Pay ONE was a natural one. We are very excited about our collaboration with Zwipe and we aim to bring our strengthened financial services portfolio to partners in Asia, USA and Europe”, says Håkan Tollefsen, CEO, at Vopy AB.
Based on a unique single silicon design, Zwipe Pay ONE is the most integrated, energy efficient and mass-market viable platform for biometric payment cards. An on-card fingerprint authentication of the cardholder eliminates the need to touch a payment terminal, even for high-value transactions, ensuring a safer, more secure and hygienic in-store payment experience.
“The decision by Vopy to pilot and rollout biometric payment cards in 2021 based on Zwipe Pay ONE is a testament to our advanced and competitive technology and global delivery capabilities thanks to our card supplier network. We are grateful for Vopy’s confidence and ready to support them with biometric payment cards on their ambitious expansion journey,” says André Løvestam, CEO of Zwipe.
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Vopy is enabling Embedded Finance solutions for consumer brands, Tech providers and Financial Institutions through open APIs. The business is to embed innovative Financial Services into existing user experiences like social media and apps for mobile subscribers. Vopy also provide a fully digital bank solution within a
multitenant system to host multiple Brands in one environment. Vopy Technology AS was established in Norway in 2014 and is since November 2020 a wholly-owned subsidiary of Vopy AB (publ). Their headquarter is in Stockholm and with an R&D centre in Oslo. www.vopy.com
For further information please contact: Håkan Tollefsen, CEO, +47 99050011 hello@vopy.com
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– 28 January 2021 – The Extraordinary General Meeting (EGM) in Zwipe AS was held today. All proposed resolutions were approved unanimously in accordance with the call for the meeting. The minutes of the EGM are included as an attachment. The complete proposal, which was approved by the EGM, is available on www.zwipe.com for further reference. The attendants of the EGM represented 24.57 % of the votes in the company.
The following resolutions were made:
Election of members to the nomination committee
In accordance with the proposal from the nomination committee and the support from the board of directors, the EGM resolved to approve the following new nomination committee:
Further, the general meeting resolved to approve that Lars Windfeldt was appointed as the chair of the nomination committee.
“We are pleased to be a long-term investor in Zwipe, and we have since our first investment in Zwipe in September last year increased our shareholdings considerably. We believe the company is well positioned for success in a global market with fast-growing demand for truly contact free card payments. As part of this journey, I am happy that the general meeting approved the proposal from the current nomination committee and the board. I am looking forward to contribute in the new nomination committee and ensure Zwipe shareholders’ interests are optimized,” Niclas Eriksson of Vasastaden said.
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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 Market in Oslo 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 28 January 2021 at 11:30 CET
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
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
OSLO, NORWAY– 26 January 2021 – Reference is made to the notice made public by Zwipe AS (the "Company") on 7 January 2021 at 16:29 of an extraordinary general meeting in the Company scheduled to be held on 28 January 2021 at 10:00 CET. Due to the recent increase in the applicable Covid-19 restrictions, the Company has decided that the meeting will be held with only digital participation. No physical participation will be facilitated.
If you have registered your interest in accordance with the notice of the extraordinary meeting and want to participate, please send a request via e-mail to the Company to ir@zwipe.com by CET 16:00 on 27 January 2021 to receive an invitation.
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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 Market in Oslo and on Nasdaq First North Growth Market in 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, on 26 January 2021 at 11:30 CEST.
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
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
