OSLO, NORWAY – 15 December 2021 – One of the largest global providers of payment services has signed an agreement to work with Zwipe to evaluate the opportunity of bringing Zwipe Pay ONE enabled biometric payment cards to issuers in North America and beyond.
In June 2021, Zwipe and IDEX Biometrics studied the payment habits, concerns on COVID-19 and desire for safer and more secure payments of over 1,000 consumers across the US and Canada. The study showed a strong demand for biometric payment cards in the US with 77% (81% in Canada) of the respondents wanting their next payment card to be biometric. In addition, 61% in the US (63% in Canada) said that they would be willing to pay a monthly fee to obtain such a card. Both organizations believe that the timing is right for this product and will be working together over the coming months to present the biometric payment card proposition to select customers with the aim of securing pilots and subsequent commercial launches.
“We are delighted to be entering this agreement with one of the largest and most respected payment service providers in the world. This agreement will provide the opportunity to accelerate the adoption of next generation biometric payment cards in some of the largest credit card markets in the world. We look forward to a mutually rewarding partnership,” said André Løvestam, CEO of Zwipe.
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This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo, Nasdaq First North Growth Market and the EU Market Abuse Regulation. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 17:30 CET on 15 December 2021.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY and CAIRO, EGYPT – 15 December 2021 - Zwipe and Masria Digital Payments are pleased to announce the first biometric payment card pilot with an Egyptian bank. This will be the first pilot in Africa to deploy the next generation biometric cards from Zwipe. The largest smart card manufacturer in Egypt, Masria Digital Payments (MDP), will supply Zwipe Pay ONE enabled biometric cards and play a key role in bringing the next payment experience to the Egyptian market and other African countries.
The biometric payment cards, built on the unique single silicon platform Zwipe Pay ONE, deliver world-class security and a completely touch-less user experience, leading to improved customer loyalty and a strong business case for banks. Across many markets globally and especially the Middle East and North Africa (MENA) region, Zwipe has experienced a strong and growing demand in biometric payment cards from banks and payment service providers.
Speaking on this development, Vice President of MDP, Ahmed Nafei, said: “We are proud to be piloting next generation contactless cards in Egypt for the first time. Seeing a strong interest from our bank clients, we are confident that this first pilot in Egypt, which is with a medium sized bank, is one of many to come. MDP has always been at the forefront of bringing payment innovations to banks. During the pandemic, we have seen growing demand for touch-less checkout as it is safer and much more hygienic which is exactly what this innovation brings. Zwipe is a global leader in biometric payment technologies, and we are thrilled to collaborate with them. We aim for a pilot in early 2022, followed by a commercial launch.”
Chief Commercial Office at Zwipe, John Goodale said: “We are honored that the Zwipe Pay ONE platform has been selected to deliver pilots and commercial launches in Egypt. Zwipe and MDP have worked very closely over the past few months to bring both the product and overall commercial proposition to the Egyptian market, and we are delighted that banks have responded so positively. We look forward to launching this exciting new product with the bank and supporting it all the way through the pilot and into the commercial launch.”
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About Masria Digital Payments (MDP)
Masria Digital Payments (previously Masria Card S.A.E) is Africa's leading smart card solutions provider with a regional presence spanning 35 countries and 3 continents. Building on its vast sector experience, MDP has consistently introduced the latest technology in cards, payment security and smart applications to the Middle East and African markets. MDP also provides its partners with a complete card offering ranging from card production, personalization, issuance and fulfilment as a service or as a solution. MDP is the only end to end fully certified African payments solutions provider to offer a full card services, solutions, processing and digital payment suites to clients in the financial, government and retail sector under one roof.
For more information, please visit MDP | Home (mdp-eg.com)
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY and Riyadh, Kingdom of Saudi Arabia – 29 November 2021 – GEPCOM, one of oldest and most respected card production and printing facilities in the Arab world, has selected the Zwipe Pay ONE platform to deliver biometric payment cards to its clients in Saudi Arabia and key international markets. Zwipe is a FinTech that has pioneered the development of biometric payment cards and delivered many successful pilots globally.
Gulf Printing Products Manufacturers’ Factory (GEPCOM), founded in 1989, was the first to bring plastic card manufacturing technology to the Arab world. This announcement demonstrates that they are continuing the path of innovation today. Leveraging their investment in the latest manufacturing equipment, and with full VISA and Mastercard certification, they are able to create a range of high-quality products to serve the financial services industry.
GEPCOM engaged with Zwipe earlier in 2021 and, after extensive evaluation of available alternatives, selected Zwipe Pay ONE as the preferred biometric card platform for its next generation payment cards. They were especially interested in Zwipe’s end to end products and services including Zwipe’s range of enrolment options providing GEPCOM with an opportunity to create even further value for their clients.
According to Abdullah Ahmed Abed, Deputy General Manager & Regional Director, GEPCOM, “GEPCOM has been manufacturing card products for all sectors in the Middle-East and is recognized in the market for its unmatched service, transparency and quality. With the impact of the pandemic still being felt across Saudi and the world, consumers’ focus on safety and hygiene has increased significantly.”
As part of this agreement, Zwipe will provide biometric technology and technical services to enable GEPCOM to manufacture Zwipe Pay ONE test cards from Q1 2022. The partners are already jointly engaging with issuers in Saudi with the aim of launching pilots from Q2 2022 to be followed by full commercial roll outs.
“In collaboration with Zwipe, we will deliver payment cards that will enable payments to be completely touch-less through a PIN-free checkout experience for consumers with much higher security. Our assessment shows that Zwipe Pay ONE represents the most advanced and high-performing solution and will be the first mass-market viable platform”, said Yousef Ahmed Abed, General Manager, GEPCOM.
Commenting on this partnership, Ramzi Saboury, General Manager MENA region at Zwipe, said: “We are very pleased to announce our partnership with GEPCOM in the Kingdom of Saudi Arabia, one of the most important markets in the MENA region. We are seeing a strong appetite globally as well as in the Middle East for this new technology from issuers, processors and cardholders. I am confident that this partnership will accelerate deployment of biometric cards in Saudi. Zwipe will be supporting GEPCOM’s clients during their launch processes to ensure the best customer experience and successful commercialization”.
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About GEPCOM
Gulf Printing Products Manufacturers’ Factory (GEPCOM) was founded by Mr. Ahmad Taleb Abed. For over 26 years, GEPCOM has been manufacturing printing products for all sectors in the Middle-East and the Arab world, leading by example since its establishment in 1989.GEPCOM was the first to bring plastic card manufacturing technology to the Arab world and continues on a path of innovation today, with only the most advanced machines and equipment for the fabrication of excellent products including cards, envelopes, security forms, adhesive label rolls, thermal rolls and more. We provide customers worldwide with unmatched service and transparency and believe in uncompromised quality when it comes to all our products. GEPCOM is proudly certified by VISA and MasterCard, in addition to its ISO certification for product quality assurance.
GEPCOM’s vision is to become the benchmark of outstanding service across all industries. We take pride in providing exceptional results in everything that we set out to do, and work unswervingly to ensure the success of our business.
For further information please contact info@gepcom.com.sa
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries & cultures to make convenience safe & secure. We are pioneering biometric payment card and wearables technology, and biometric technology for physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit www.zwipe.com
For further information please contact: André Løvestam, CEO, +47 991 66 135, info@zwipe.com
OSLO, NORWAY; AUSTIN and CONCORDVILLE, USA; LIMOGES, FRANCE – 25 November 2021 - Zwipe, a Norway-based biometric fintech, is proud to announce the launch of a two-factor authentication solution for access control based on its biometric authentication technology platform. The global access control market is valued at USD 7.65 billion and is expected to reach USD 11.7 billion by 2026 (1).
Entering the access control market, Zwipe announces collaborations with several well-known companies in the security industry; notably HID Global, an ASSA ABLOY Group brand and a worldwide leader in trusted identity solutions, LeGrand, the global specialist in high-value-added products and solutions for commercial, residential, and industrial buildings, and Southco, the leading global designer and manufacturer of engineered access solutions. The coalition will bring a highly advanced, cost-effective, biometric authentication solution to market. The full capability of Zwipe's biometric card operates with existing access control systems thereby removing the need to make any time-consuming and costly adjustments to existing access control infrastructure.
The complete solution will be demonstrated for the first time at TRUSTECH in Paris, on Zwipe’s booth, from 30 November 2021.
Commenting on this breakthrough, André Løvestam, CEO of Zwipe, said “Thanks to Zwipe’s advanced biometric authentication technology platform, Zwipe is ready to move into adjacent markets, starting with Access Control. We see a real need for much stronger access control solutions and are confident that our biometric card solution will address many security concerns in this space. We are particularly proud to partner with such distinguished companies and we look forward to adding significant value to this sector with our solution. I am convinced Access Control and ID will be a significant business line for Zwipe going forward, adding to our profitable growth and long-term value creation.”
The customer project has started with Raritan (the data center expert company with worldwide references and a subsidiary of LeGrand), focusing on the joint development of a highly secure solution based on Zwipe’s biometric card technology that delivers a new level of secure access for data center cabinets.
Raritan’s CTO, Swen Anderson, commented “It was crucial that we developed a product that allowed us to deploy the latest in biometric technology without having to make any infrastructure changes. Zwipe has provided us with the opportunity to leverage their leading technology platform to create a new product that delivers a level of security for data center access control that is unique within our industry.”
“Thanks to this excellent cooperation based on real use cases, the full integrity of our biometric card solution has been successfully demonstrated for new areas of application. Our biometric authentication technology platform provides world-class security and we are excited that it can be integrated seamlessly with physical and logical access control solutions. We believe innovations like biometric access control and ID management will be highly sought after,” says Christian Vaas, Zwipe’s Vice President ID-Solutions & Access Control.
(1): Global Access Control Market | 2021 - 26 | Industry Share, Size, Growth - Mordor Intelligence
For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
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About HID Global
HID Global powers the trusted identities of the world’s people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and billions of things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet.
Headquartered in Austin, Texas, HID Global has over 4,000 employees worldwide and operates international offices that support more than 100 countries. HID Global is an ASSA ABLOY Group brand. For more information, visit www.hidglobal.com.
About Legrand
Legrand is the global specialist in electrical and digital building infrastructures. Its comprehensive offering of solutions for commercial, industrial and residential markets makes it a benchmark for customers worldwide. The Group harnesses technological and societal trends with lasting impacts on buildings with the purpose of improving life by transforming the spaces where people live, work and meet with electrical, digital infrastructures and connected solutions that are simple, innovative and sustainable. Drawing on an approach that involves all teams and stakeholders, Legrand is pursuing its strategy of profitable and sustainable growth driven by acquisitions and innovation, with a steady flow of new offerings—including Eliot* connected products with enhanced value in use. Legrand reported sales of €6.1 billion in 2020. The company is listed on Euronext Paris and is notably a component stock of the CAC 40 and CAC 40 ESG indexes. (code ISIN FR0010307819) www.legrandgroup.com
About Southco
Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. For over 70 years, Southco has helped the world’s most recognized brands create value for their customers with unrivalled engineering resources and innovative products. Southco’s data center solutions provide access control and monitoring at the rack level, providing a complete, comprehensive security system to control, monitor and track equipment that stores sensitive data.
To learn more, visit www.southco.com and www.southco.com for our Data Center mini-site.
For further information, please contact: Natalie Brannelly nbrannelly@southco.com
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries & cultures to make convenience safe & secure. We are pioneering biometric payment card and wearables technology, and biometric technology for physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
OSLO, NORWAY, 25 November 2021 - Zwipe launches a range of enrolment solutions to complement their next-generation biometric payment card platform, Zwipe Pay ONE. Seamless customer onboarding remains one of the most important components in enabling the transition to the safer and more secure payment experience provided by biometric payment cards.
The Zwipe R&D team has created some exclusive inventions to overcome several challenges that many in the industry had considered insurmountable. For the first time, it is now a realistic proposition to have consumers enroll their card at home using just a mobile phone and a set of simple instructions.
Zwipe has created a range of innovative enrolment solutions that meet the evolving demands of the financial services industry and consumers. With a focus on providing simple to use, cost-effective and low environmental impact products, Zwipe will deliver multiple different types of solutions that include not only passive and customizable enrolment devices, such as sleeves, highly integrated card fulfilment packaging, and branch-based enrolment solutions, but also self-service mobile phone APIs that can easily be integrated into issuer apps. Issuers can choose the solutions that best suit their needs and use cases of their products and cardholder segments. For example, while mobile app-based enrolment would be attractive for the majority of consumers, in-branch supervised enrolment may better suit financial inclusion programs.
All these solutions will be made available to Zwipe Pay ONE customers in 2022.
“Zwipe has undertaken extensive research on enrolment, and after very clear customer feedback and interest, we decided to invest heavily in this area. Issuers repeatedly told us that enrolment is one of the most important parts of the user experience for biometric payment cards and we are delighted to have made several breakthroughs that we believe will transform the way in which consumers enrol their cards whilst even further strengthening the value proposition for issuers. These developments underscore Zwipe’s ambition to be a leading innovator in the industry, putting user experience in front”, commented André Løvestam, CEO of Zwipe.
The enrolment solutions will be demonstrated at TRUSTECH in Paris, on Zwipe’s booth, from 30 November 2021.
For further information please contact: André Løvestam, CEO, +47 991 66 135, info@zwipe.com
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries & cultures to make convenience safe & secure. We are pioneering biometric payment card and wearables technology, and biometric technology for physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
OSLO, NORWAY and CASABLANCA, MOROCCO – 22 November 2021 – Biometric fintech company, Zwipe and NetPS, part of dzcard Group and one of the main Moroccan Smart Card Personalization Bureaus, are partnering to bring Zwipe Pay ONE enabled biometric payment cards to banks across Africa and the Middle East.
As part of this collaboration, both companies will work closely to promote the innovative Zwipe Pay ONE enabled biometric payment cards for NetPS’ issuers in Africa and the Middle East.
NetPS has a portfolio of more than 30 clients based in 15 countries across Africa. The company, which is based in Morocco, provides its first-class card personalization services to major financial institutions in the region, such as Banque Central Populaire (BCP), Société Générale, Credit Agricole du Maroc, Attijariwafa Bank, Al Barid Bank, CIH, and major Telecom operators including Maroc Telecom (part of Etisalat Group).
“As a leading provider of payment cards across Africa, we believe adding Zwipe Pay ONE enabled biometric payment cards to our portfolio creates a compelling and differentiating product to our clients. We are looking forward to working with the Zwipe team on developing some very innovative and exciting card designs, fulfillment solutions and enrolment options. We believe this new product will drive new business and significantly uplift customer loyalty for our clients.”, said Younes Lahlou, CEO of NetPS.
Speaking on the new partnership, André Løvestam, CEO of Zwipe said: “We are really pleased with the response across the Middle East and North Africa for Zwipe Pay ONE and are delighted to partner with NetPS in extending our reach to Morocco and beyond. With this partnership with NetPS, our dzcard Group relationship is strengthened further, giving us the opportunity to deliver next generation payment cards to the many banks looking for a more safe and secure payment card in the region. NetPS has a very strong reputation for customer service and excellence in their market and are an ideal partner for Zwipe”.
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About NetPS, part of dzcard Group
Founded in 2000, NetPS, a subsidiary of the dzcard Group, is one of the leading players in the field of smart card personalization in Morocco. The company has been certified by Visa and Mastercard since 2000. The company is a trusted partner among its Moroccan banking and telco clients supporting their African expansion with world class solutions and service.
To learn more, visit the NetPS webpage: www.NetPS.com
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free.
To learn more, visit www.zwipe.com
For further information, please contact Mr. André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY and BEIRUT, LEBANON – 17 November 2021 – Zwipe is partnering with areeba to pilot Biometric payment cards based on Zwipe Pay ONE in Lebanon and Iraq. These pilots reflect a strong and growing demand from issuers and processors across the region for next-generation contactless payment cards.
areeba is a leading financial technology company in the MENA region and is licensed as both issuer and acquirer by the international card schemes. It is one of the main issuing & acquiring processors in the region and leads in the Lebanese market with more than 50% market share. areeba was chosen as one of the top leading payments innovators in 2021 by Global Business Leaders.
areeba and Zwipe have a long-standing collaboration, launching the first biometric payment card pilots in the Middle East in 2018 and winning the 2019 Seamless Award for Best Technological Innovation in Payments.
Speaking on this development, Maher Mikati, Chief Executive Officer at areeba said, “We have always been pioneers in embracing new technologies that enhance user experience and security for end consumers, uplifting loyalty and business cases of payment portfolio. We are proud to partner with Zwipe, a highly respected innovator with whom we have had the pleasure to collaborate since 2018, witnessing the evolution of biometric payment cards. We are looking forward to delivering the pilots in H1 2022 followed by commercial launches.”
In these pilots, the biometric payment cards will be built on the Zwipe Pay ONE platform and delivered by Inkript, one of the leading EMV Card Manufacturers in the Middle East, which already provides cards to areeba and many issuers in the region.
Ramzi Saboury, General Manager of Zwipe in the MENA Region said: “We are proud of our partnership with areeba, a leading innovator in the region, and look forward to supporting them and Inkript in bringing biometric payment cards to two markets, Lebanon and Iraq. Zwipe will also support areeba through all stages of pilots, ensuring that end users’ experiences and feedback are systematically captured and assessed. This is going to be an exciting journey together.”
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About areeba
areeba is an electronic payment technology company licensed by Visa and MasterCard and has an agreement with American Express & Discover. Established in 2017, areeba adopts the latest technologies and provides solutions and payment services to banks, governments and merchants to suit their aspirations and needs.
areeba offers services tailored to global requirements, from card issuance and management, non-contact payment solutions, contactless and mobile payment. It also provides merchants and governments with the latest e-commerce platform and point-of-sale machines that adopt the highest standards and safety systems. areeba operates a wide range of loyalty programs, including collecting points and miles, cashback programs, and providing consultancy services for the planning, design and development of electronic products and payment solutions.
For more information, visit www.areeba.com, or @areebalebanon on LinkedIn, Facebook or Instagram. areeba media contact: Nouchka El Hage, +961-1-954325 - NHage@areeba.com
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free.
To learn more, visit zwipe.com
For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY – 9 November 2021 – The primary insider Diderik Schonheyder, a board member of Zwipe, has today acquired a total of 13,434 shares at an average price of SEK 29.90. Diderik Schonheyder’s shareholding after the transaction is 25,302 shares.
Attached is a copy of the form submitted to the Norwegian FSA, Finanstilsynet, reporting the transaction as listed above:
This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act § 5-12.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards and wearables that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit www.zwipe.com
For further information please contact: André Løvestam, CEO, +47 991 66 135 ir@zwipe.com
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OSLO, NORWAY – 3 November 2021 - Zwipe’s technology partner, Idemia, has announced that it has obtained full certification from both VISA and Mastercard for its F.CODE biometric payment card.
These certifications (Letters of Approval) represent full validation of the core components in our disruptive technology platform, Zwipe Pay ONE, notably the shared single silicon biometric secure element, where Idemia and Zwipe have co-invested since Q4 2019, and the IDX3405 fingerprint sensor from Idex Biometrics.
This paves the way for subsequent successful certification of Zwipe Pay ONE enabled biometric payment cards for Zwipe’s customers, as Zwipe is working towards completion of its Zwipe Pay ONE platform. Zwipe Pay ONE includes Zwipe’s ISO Module integrating the now fully certified single silicon biometric secure element, as well as Zwipe’s passive inlay. Zwipe’s customers can also purchase the fully validated Idex Biometrics fingerprint sensor, IDX3405, from Zwipe. The timing for certification of Zwipe’s card manufacturing customers will be subject to the planning and execution of the certification by each customer.
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For further information, please contact:
André Løvestam, CEO, +47 991 66 135
info@zwipe.com
OSLO, NORWAY – 23 October 2023 – During the third quarter, Zwipe continued to demonstrate progress and saw strong interest from partners in bringing biometric payment and access control cards to markets globally.
Significant events during the period
Significant events after the period
Operational review
The overall adoption of biometric payment cards remains slower than expected, but Zwipe continues to position itself well for the moment biometric payment cards become more mainstream. Globally, Zwipe and its partners now have ongoing dialogues with more than 50 potential issuers of BPCs.
In the first three quarters of 2023, Zwipe expanded its partnerships in APAC such that we have a presence in 10 countries in the region. During the third quarter, Zwipe received its first small order from our Japanese SCM for a demo kit for testing and demonstration to Issuer end customers, with at least one such intended Issuer being a major global bank. In Europe, neobanks and fintechs – particularly in the UK and France – continue to show interest in BPCs, and Zwipe believes that the first launches in Europe will come from these newer players rather than more traditional banks. Zwipe and our main European SCM partner are actively working on more than ten potential BPC projects with UK fintechs, and also plan a joint development campaign aimed at the French fintech ecosystem in the fourth quarter. In the Middle East and Africa (“MEA”), Kuwait International Bank (“KIB”) and Middle East Payment Services (“MEPS”) were responsible for the first commercial launches of Zwipe BPCs during the second quarter. KIB reports high satisfaction internally and with their high net worth Visa Infinite clients to whom the initial launch was targeted, and discussions are ongoing about introducing BPCs to wider segments of their customer base in fairly short order.
In Zwipe Access, we are making substantial inroads in establishing the market for biometric access control cards in high-security verticals, with a high volume of PoCs – some with well-known global companies – now progressing, many important go-to-market partnerships signed or in progress, and product starter kits delivered to more than ten well-known, global enterprise partners whose end customers include data centers, healthcare facilities, airports, government agencies and critical infrastructure operators. Substantial third quarter activity points to real demand in the market for biometric access control solutions, and a real desire from our partners to bring Zwipe Access to their customers.
In North America, Schneider Electric Co. has completed tests and validation and confirmed good results. We are now negotiating an OEM agreement to include Zwipe Access cards in Schneider’s product offering, which they intend to market globally through their extensive network of companies and partners. Our partner MC Dean is currently conducting in-depth testing and validation of Zwipe Access cards on behalf of a Top 3 global cloud services and data centers provider, as well as other Fortune 100 global customers and government agencies. Berkshire Hathaway Energy Group (BHE) is currently testing Zwipe’s biometric access control cards for compatibility, with the goal of replacing the legacy install base and extending the use of Zwipe biometric cards to new sites. Elsewhere in the USA, the announced proof-of-concept at Richmond International Airport has been extended to allow more testing and validation under the most extreme security and environmental conditions. We anticipate that the final report and recommendations to the aviation industry by the National Safe Skies Alliance will be published in the fourth quarter.
In Sweden, AWT, a Zwipe partner and major player in the Nordics, has received an initial small order from a global Top 100 tech company for an initial soft launch at their headquarter location. This is expected to be the foundation for further scaling up, with gradual expansion to most of their global workforce by the end of 2025. Certego, a major system integrator of access security and monitoring solutions has begun discussions to provide Zwipe’s biometric access control cards to over 100 government agencies.
Commercial priorities for 2023 remain unchanged, with the company focusing on accelerating commercialization while carefully deploying funds and maximizing cash runway.
Financial review
Zwipe reported total revenue of 0.3 mNOK during Q3 2023 versus revenue of 0.8 mNOK in Q3 2022. Cash flow from operations was -27.1 mNOK in Q3 2023 versus -24.2 mNOK in Q3 2022, equating to an average monthly operating cash flow in Q3 2023 of -9.0 mNOK versus 8.1 mNOK in the same period last year. As a result of the restructuring announced in June, changes in the organization's operational cost base are starting to show, and the full impact of these changes is expected to show from Q4 2023. Cash and cash equivalents stood at 48.3 mNOK at the end of Q3 2023 compared to 85.8 mNOK at the end of Q3 2022, and 50.5 mNOK at the end of 2022.
Operational update presentation
CEO Robert Puskaric and CFO Danielle Glenn will do a short presentation on the operational update today, Monday October 23rd, at 10:00 CET.
Audiocast details
Date: 23 October 2023
Time: 10:00 CET
Format: Audiocast and Q&A
Language: English
Link: https://app.webinar.net/GnOpyeAy2Yr
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This information is subject to the disclosure requirements in the Market Abuse Regulation (EU 596/2014) and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 07:30 on 23 October 2023.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
OSLO, NORWAY – 16 October 2023 – Zwipe AS will publish its Q3 2023 operational update on 23 October 2023 at 08:00 CET. On the same day at 10:00 CET, the Company will host an audiocast to present the update. After the presentation, the webcast will be opened up for questions from the audience.
Participants are strongly encouraged to submit their questions prior to the webcast on the registration page below or by sending questions to ir@zwipe.com. Participants will be required to register to listen to the audiocast and participate in the Q&A.
Webcast details
Date: 23 October 2023
Time: 10:00 CET
Format: Audiocast and Q&A
Language: English
Link: https://app.webinar.net/GnOpyeAy2Yr
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
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For more information, please contact:
Danielle Glenn, CFO and Head of IR
ir@zwipe.com
OSLO, NORWAY and AND DOVER, MA - 9 October, 2023 – Zwipe, the global leader in biometric payment and access cards, has partnered with Schneider Electric's Security Solutions Group, specializing in the integration of access control, video surveillance, intrusion detection, and other security technology sub-systems, to offer the revolutionary "biometric system-on-card" solution to Schneider Electric's global customer base. Schneider Electric's clientele spans diverse sectors, including airports, transportation, healthcare, data centers, critical infrastructure, manufacturing, government, and education.
Zwipe Access leverages cutting-edge biometric capture and matching technology to securely store the cardholder's encrypted fingerprint template directly within the card's smart chip during issuance. This integration seamlessly aligns with Schneider Electric's customers' needs, enabling them to swiftly, securely, and cost-effectively incorporate biometric verification into their existing security infrastructure. Zwipe's compatibility with virtually all access control manufacturers ensures effortless integration with Schneider Electric's Continum, Security Expert, and a wide array of other access control system providers.
With Zwipe Access, cardholders can easily verify their identity by presenting their personalized card to the reader. The battery-less card draws power from the reader's RF field, and the biometric verification triggers the access control system to grant or deny access. This secure process ensures that no biometric data is shared with anyone, thus simplifying compliance with data and privacy regulations. Zwipe Access cards offer rapid, convenient multi-factor authentication, eliminating the need to replace existing physical or logical access control readers.
Lee Guill, Director of Schneider Electric Security Solutions Group, emphasized, "Reducing risk for our customers by deploying solutions that only allow authorized individuals to enter their premises is at the core of Schneider Electric. Zwipe Access is the ideal fit to provide strong multifactor authentication through biometrics at a fraction of the cost of alternative technologies. We are confident in offering our customers this amazing card solution, which also addresses today's hygiene concerns, as only the card owner ever touches it, unlike biometric readers where multiple users touch the same devices daily."
Robert Puskaric, President and CEO of Zwipe, added, "The future of secure, convenient access control is here today with Zwipe Access. Our unique solution enables fast and clean biometric identity verification while eliminating the risks associated with lost or stolen access cards. We welcome this partnership with Schneider Electric and look forward to helping them put true multifactor biometric authentication in the hands of their customers."
About Schneider Electric
Schneider Electric is a French multinational company specializing in digital automation and energy management. It addresses homes, buildings, data centers, infrastructure, and industries by combining energy technologies, real-time automation, software, and services.
For more information, please visit http://www.se.com.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work passionately across networks of international organizations, industries, and cultures to make convenience safe and secure. We pioneer next-generation biometric card technology for payment, physical and logical access control, as well as 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, please visit http://www.zwipe.com/.
OSLO, NORWAY and HOUSTON, TX, USA – 5 October 2023 – Zwipe, the global leader in cutting-edge biometric payment and access card technology, has teamed up with NCS, a prominent integrator of low-voltage technology solutions specializing in physical security, access control and video surveillance. This strategic partnership marks a significant step toward making biometric system-on-card (BSoC) solutions accessible to customers across Texas. NCS serves various industries, including manufacturing, transportation, healthcare, government and education.
Zwipe Access leverages state-of-the-art biometric capture and matching technology to securely store a cardholder's encrypted fingerprint template directly within the card's smart chip during issuance. This innovation perfectly aligns with the needs of NCS’ clients seeking rapid, secure, and cost-effective integration of biometric verification into their existing access systems.
With Zwipe Access, cardholders authenticate their identity by simply holding the personalized card up to the reader. The card draws power from the reader's radiofrequency (RF) field, verifying the biometric data and triggering the access control system to grant or deny access. This robust, secure process ensures that no biometric data is shared with any external entities, satisfying stringent data privacy and compliance requirements.
Zwipe Access cards offer lightning-fast and convenient multi-factor authentication for organizations without replacing existing physical or logical access control readers.
Mike Keadle, Director of Estimating at NCS, emphasizes the commitment to security technology solutions, stating, "Our goal is to provide security technology solutions that unequivocally verify the identities of individuals entering and moving within our customers' facilities. Zwipe Access is an excellent solution to enhance our security technology offerings for physical access control, incorporating multifactor authentication through biometrics at a fraction of the cost of alternative technologies. We are confident in offering this exceptional card solution, which also addresses today's hygiene concerns, as only the card owner ever comes into contact with it, unlike biometric readers shared among multiple users."
Robert Puskaric, President and CEO of Zwipe, enthusiastically describes the partnership's potential, asserting, “The future of secure and convenient access control is available today through Zwipe Access. Our innovative solution facilitates swift and hygienic biometric identity verification while mitigating the risks associated with lost or stolen access cards. We warmly welcome this collaboration with NCS and eagerly anticipate enabling them to provide genuine multifactor biometric authentication to their valued customers.”
About NCS
NCS was founded in 1981 in Houston, TX, as a technology-driven, single-source solution provider for all our client’s audio-visual, cabling infrastructure, design-consulting, networking, and security needs. Since then, we have grown to more than 300 employees across six Texas locations. We have expanded our services to inbuilding wireless systems to deliver public safety and cellular communications and network-powered lighting systems.
For more information, visit www.ncs-tx.com.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries, and cultures to make convenience safe and secure. We are pioneering next-generation biometric card technology for payment, physical and logical access control, and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit www.zwipe.com.
OSLO, NORWAY and CALIFORNIA, USA – 04 October 2023 – Zwipe has become a Subscriber to EMVCo, a global technical body that facilitates the worldwide interoperability and acceptance of secure payment transactions by managing and evolving EMV®* Specifications and related testing processes.
Through this participation, Zwipe will be engaging with EMVCo and industry stakeholders to contribute to EMVCo’s ‘Biometric on Card’ work, which is exploring the development of performance and security requirements as well as approval and evaluation frameworks for biometric payment cards. Zwipe will provide its deep technical expertise, field return experience and learnings on biometric payment cards, as a widely recognized pioneer in this domain for many years.
Speaking on this development, Oliver Manahan, Director of Engagement and Operations at EMVCo, said, “We’re delighted that Zwipe has decided to become an EMVCo Subscriber. We look forward to their participation in EMVCo’s work and the opportunity to benefit from their industry expertise.”
EMVCo is exploring the development of dedicated performance and security requirements for biometric payment cards, together with supporting approval and evaluation processes, to help balance convenience and security while considering the unique challenges.
“We welcome this EMVCo initiative, which will greatly simplify market introduction of biometric payment cards by the issuers, banks and fintechs, and further accelerate market adoption of this convenient and secure payment product”, said Patrice Meilland, Chief Strategy, Product and Marketing Officer at Zwipe.
About EMVCo
EMVCo creates and manages EMV Specifications and programmes that enable seamless and secure card-based payments for businesses and consumers worldwide.
EMV Specifications support technologies including EMV Chip Contact, EMV Chip Contactless, Mobile, QR Code, Secure Remote Commerce (SRC), 3-D Secure (3DS) and Payment Tokenisation and are widely used by the payments industry to develop products and services that deliver trusted and convenient in-store, online and remote card-based payments.
As a global technical body, EMVCo is collectively owned by American Express, Discover, JCB, Mastercard, UnionPay and Visa. Hundreds of payments stakeholders, including merchants, banks and technology providers, participate as EMVCo Associates and Subscribers to develop, evolve and enhance flexible EMV Specifications that support innovation and address marketplace needs. All EMV Specifications are available royalty free on the EMVCo website.
*EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.
To learn more, please visit www.emvco.com
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe & secure. We are pioneering next-generation biometric card technology for both payment and physical & logical access control and ID solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway with a global presence.
To learn more, please visit www.zwipe.com
OSLO, NORWAY – 25 September 2023 – Zwipe announces today that Tanya Juul Kjær, member of the Board of Directors, has resigned with immediate effect due to time constraints involving her myriad other professional commitments. Ms. Kjær has been a member of Zwipe’s Board of Directors since May 2019 and will not be immediately replaced.
Jörgen Lantto, Chairman of the Board of Directors comments, “We have appreciated Tanya’s contributions to further developing the company over the last two plus years as well as her valuable strategic insights, and wish her all the best for the future.”
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This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 08:00 on 25 September 2023.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card technology for payment and access control solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
ir@zwipe.com
OSLO, NORWAY – 11 September 2023 – Zwipe announces today that Eric Mercer, COO of Zwipe AS and CEO of Zwipe America, will leave the company as a result of the June streamlining announcement and closure of the Zwipe America subsidiary. He has accepted a new position as Director of Finance with a US-based company.
Mr. Mercer has been with Zwipe for 5.5 years and has been very important in leading Zwipe to where it stands today. He has worn various hats over the years: managing our global operations, quality and supply chain management, acting as program manager for Zwipe Pay and Zwipe Access, leading Zwipe America when it was a large team, developing personnel, and managing key partnerships across the value chain.
Robert Puskaric, CEO of Zwipe AS comments “Zwipe has taken major steps over the past years with the development and certification of Zwipe Pay, the creation of Zwipe Access as a separate business line, establishment of go-to-market partnerships and listing on Euronext Growth Oslo and Nasdaq First North Stockholm. We would like to thank Eric for his contributions to all Zwipe has achieved and wish him all the best in his future endeavors.”
Mr. Mercer will remain with the company through 29 September 2023.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card technology for payment and access control solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
ir@zwipe.com
OSLO, NORWAY – 8 September 2023 – Eric Mercer, COO of Zwipe AS, has today sold a total of 25,500 shares in Zwipe AS. After this transaction, Eric Mercer holds no remaining shares in Zwipe AS.
20,000 shares were sold on Euronext Growth Oslo at a price of 2.1035 NOK and 5,500 shares were sold on Nasdaq First North Growth Market at a price of 2.19 SEK.
Attached are copies of the forms 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 article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act. The information was submitted for publication, through the agency of the contact person set out below, at 18:40 on 8 September 2023.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card technology for payment and access control solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
ir@zwipe.com
OSLO, NORWAY and STOCKHOLM, SWEDEN – 4 SEPTEMBER 2023 – AWT, one of the prominent security companies in Sweden focusing on providing advanced security solutions has partnered with Zwipe as its technology partner in pursuing the global market opportunities for biometric access cards.
With Zwipe Access, AWT will be able to deliver highly advanced and secure biometric card products that are also user-friendly. As a part of the agreement, AWT will be able to offer a flexible and secure premium security solution with biometric access cards with Zwipe.
According to Per Lindstrand, CEO of AWT, “In today’s highly secure working environment, having modern capabilities or access to newer door technologies is critical. The biometric solution provided by Zwipe combines breakthrough technologies and is the ideal platform for the next generation of highly secure access and ID cards.”
“We are happy to partner with AWT, a leading advanced security solution provider. We look forward to strengthening this relationship for supplying biometrics-enabled cards to our integration partners for access control solutions and their customers in airport, data center, critical infrastructure and other secure facilities globally,” says Robert Puskaric, President and CEO of Zwipe.
About AWT
Access World Technic (AWT), founded in 1993, is a high-quality security company focused on centralized premium security solutions that use access control, video surveillance and intrusion detection to secure, protect and monitor facilities such as offices, data centers, warehouses and other large production facilities.
For more information, visit www.awt.com
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit www.zwipe.com
