OSLO, NORWAY and TAOYUAN, TAIWAN – 11th May 2021 – Biometric fintech pioneer Zwipe and Beautiful Card Corporation (BCC) are pleased to announce their partnership to bring Zwipe Pay ONE to markets in Asia. With around 520 million cards produced annually, of which around 20 million are EMV payment cards, BCC is listed as the largest scratch card manufacturer in Taiwan, the 2nd largest in Asia and 7th in the world.
As part of the collaboration, BCC has already commenced manufacturing of biometric payment cards based on the Zwipe Pay ONE platform, embracing the next generation of biometric payment cards and aiming to address the increasing market demand for safer and more secure contactless payments.
Since agreeing on the partnership in December 2020, the two companies have been working closely to complete the fine-tuning of the technical aspects of the solution and begin to gear up to meet the increasing demand for biometric payments. Comprehensive and rigorous tests have proven the ability to scale up production with the aim of delivering pilots and commercial deployments before the end of 2021.
“We are seeing increasing interest in biometric payment cards in our region, especially as consumers become much more familiar with contactless payments and demand safer and more hygienic payment alternatives in store. We have worked seamlessly together and have been able to adapt our manufacturing processes to integrate Zwipe’s biometric solution in our card production and are very pleased with the results. We are excited to now take this partnership to the next level,” says Mrs. Peggy Wu, CEO and Chairman of BCC.
“The Asia Pacific Region, led by countries like Taiwan, Korea, Japan, and India, continues to innovate and lead the world in many areas of payment card technology. We are very pleased that BCC is embracing the Zwipe platform and bringing our collaboration forward, to jointly address the needs of banks and consumers in Asia and global markets,” says André Løvestam, CEO of Zwipe.
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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 contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
About Beautiful Card Corporation
Beautiful Card Corporation (BCC) was founded in October 1991. BCC has state-of-the-art equipment and professional specialists to fulfil their consistent management policy of providing high-quality products with competitive price. Since BCC’s founding, they have been developing new technology in card industry as well as continuously putting efforts to the innovation and improvement of all sorts of cards. Thanks to their continuous efforts, BCC’s capacity was recognized and approved by customers all over the world. BCC’s annual capacity now reaches 200 million Scratch cards, 300 million GSM SIM cards, 20 million EMV cards. BCC has obtained ISO 9001 / IS27001/ ISO14001/ ISO 45001/ ISO14298/MasterCard CQM / Visa / MasterCard / JCB / GSM SAS certifications.
Media Contact for Beautiful Card Corporation: shellen@beautifulcard.com
To learn more, please visit: http://www.card.com.tw/en/about.php
OSLO, NORWAY and CHENNAI, INDIA – 10 May 2021 – FSS (Financial Software and Systems), a leading global provider of integrated payment products and a payment processor, is partnering with Zwipe to bring next generation contactless payment cards to issuers globally. Zwipe is a payment FinTech recognized for having pioneered the development of biometric payments and has delivered many successful pilots around the world.
FSS is among the leading providers of card issuance products globally and its card portfolio consists of 800 plus million payment cards for Tier One banks and payment processors. The organizations will collaborate closely, offering greater value to customers by combining FSS’s Unified Issuance Platform and Zwipe Pay One biometric card capabilities, supported by Zwipe’s fast-growing global network of card manufacturing partners.
The widespread adoption of contactless payment cards has been a huge success in recent years[1]. The Covid-19 pandemic has accelerated the use of contactless payments even further as consumers demand a safe, contact-free transacting environment. However, the lack of cardholder authentication with contactless cards translates into usage being restricted to relatively small and medium value payments, hampering the ability to deliver a fully contact-free experience for all payment values. The response to this is the biometric payment card that fully enables contact-free transactions while boosting confidence and security for consumers, retailers and issuers.
Commenting on the partnership K Srinivasan, Chief Operating Officer, FSS PayTech, said “Biometric payment cards will bring strong differentiation and value uplift to our card issuance and management offerings. Our partnership with Zwipe will help our issuer clients to deliver a completely touchless and PIN-free check out experience, better in-store payments hygiene and much stronger cardholder security. Needless to say, now more than ever, innovation can play a critical role within the context of the global pandemic which makes it even more important to bring solutions such as this quickly to our customers. Zwipe Pay ONE is recognized as the most advanced (Gen3) biometric payment technology and complements FSS’ innovative card portfolio. It will be made available to our clients for piloting and deployment from H2 2021”.
As part of this collaboration, FSS will offer Zwipe Pay ONE biometric payment cards globally. The initial focus will be in those markets where contactless is bringing considerable benefits in the area of financial inclusion as seen in Canada, India and a number of countries within Europe, Middle East (GCC countries) and Africa. Both partners will start engaging with issuers from Q2 2021 and aim for starting pilots from 2H 2021.
“We are humbled and proud to partner with FSS, one of the most respected and global providers of payment services. This is a landmark agreement for Zwipe and will significantly accelerate our growth globally, most notably in Asia, the world’s largest payment market,” said André Løvestam, CEO of Zwipe.
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This is information that Zwipe AS is obliged to make public pursuant to the Continuing obligations of companies admitted to trading on Euronext Growth Market Oslo, Nasdaq First North Growth Market and the EU Market Abuse Regulation. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 10:05 CEST on 10 May 2021.
About FSS
Financial Software and Systems (FSS) is a leader in payments technology and transaction processing. The company offers an integrated portfolio of software products, hosted payment services and software solutions built over 30+ years of experience. FSS, end-to-end payments products suite, powers retail delivery channels including ATM, POS, Internet and Mobile as well as critical back-end functions including cards management, reconciliation, settlement, merchant management and device monitoring. Headquartered in Chennai, India, FSS services leading global banks, financial institutions, processors, central regulators and governments across North America, UK, Europe, ME, Africa, and APAC and has 2,500 experts on-board. For more information visit www.fsstech.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: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY - 28 April 2021 - The board of directors of Zwipe AS (“the Company”) call for the Annual General Meeting (“AGM”) to be held on 19 May 2021 at 14:00 CEST. Due to the ongoing covid-19 pandemic, the general meeting will be held as a digital meeting on Microsoft Teams.
Please find enclosed the notice of the Annual General Meeting. The notice and Zwipe’s Annual Report for 2020 are available on the Company’s website, https://zwipe.com/investors
Notice of attendance, in person or by proxy, shall be given no later than 18 May 2021 at 16:00 CEST. Shareholders are encouraged to register via the link found here.
Alternatively, the attached form may be sent by e-mail to genf@dnb.no, or regular post to DNB Bank ASA, Verdipapirservice, NO-0021 Oslo.
In order to be invited to the meeting, Zwipe’s administration will need to have the shareholder’s email address in advance. Shareholders must after having registered their attendance also register their email address by sending an email to ir@zwipe.com.
The board of directors (the "Board") has proposed the following agenda:
Opening of the General Meeting by the chair. Registration of meeting shareholders
Election of a meeting chairperson and person to co-sign the minutes together with the chairperson
Approval of the notice and the agenda
Report by the management on the Company
Approval of the annual report and financial statements for 2020 for the Company and the group
Remuneration to the auditor
Election of members to the Board
Remuneration to the Board and the members of the Nomination Committee
Proposal to grant the board a new authorization to increase the share capital
Proposed decisions from the Board
Matter no. 5: Approval of the annual report and financial statements for 2020 for the Company and the group
The boards proposal for annual report and financial statements for 2020 for the Company and the group were unanimously approved.
Matter no. 6: Remuneration to the auditor
The Board proposes that the auditor's fees are paid as per accounts rendered.
Matter no. 7: Election of members to the Board
Subject to the general meeting's approval, the Company's Board of Directors will comprise:
Jörgen Lantto, Chairman of the board
Johan Biehl
Dennis Jones
Diderik Schonheyder
Stina Granberg
Tanya Juul Kjaer
Matter no. 8: Remuneration to the members of the Board and the members of the Nomination Committee
The Nomination Committee makes the following recommendation:
Fees to the Board for the period from the AGM in 2020 until the AGM in 2021 were resolved by the AGM on 14 May 2020.
Fees to the Board for the period from the AGM in 2021 until the AGM in 2022 is suggested as follows:
Chairman of the Board: NOK 260.000,-
Members of the Board: NOK 130.000,-
As to remuneration, the nomination committee proposes that no remuneration is paid to the members of the nomination committee.
Matter no. 9: Proposal on authorizations to the Board on capital increase
The Board proposes that two new authorizations for the Board on capital increases are issued, (i) to fulfil the Company's incentive program and (ii) to cater for strengthening of the Company's equity.
The Board proposes that the General Meeting adopts the following resolution:
1. Authorization for capital increase to fulfill the Company's incentive program
The board of directors is hereby granted authorization to increase the share capital of Zwipe AS, on one or several occasions, with up to NOK 230,498.90 (2,304,989), equivalent to 7 % of the registered share capital at the time of this resolution.
2. Authorization for capital increase to strengthen the Company's equity
The Board proposes that the General Meeting grants a new authorization to the Board to issue shares corresponding to up to 15% of the share capital, and the new authorization shall be restricted to issue of shares to strengthen the Company's equity to the extent the Board considers this to be in the Company's best interest at the given time.
The board of directors is hereby granted authorization to increase the share capital of Zwipe AS with up to NOK 493,926.10 (4,939,261 new shares) on one or several occasions.
The authorization may be used to issue shares to strengthen the Company's equity to the extent the Board considers this to be in the Company's best interest at the given time.
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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 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, at 17:35 CEST on 28 April 2021.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit www.zwipe.com
For more information, please contact:
Lars Kristian Solheim, CFO
+47 991 661 35
lars.kristian@zwipe.com
OSLO, NORWAY - 28 April 2021 - In connection with our first quarter 2021 update, Zwipe is today for the first time publicly demonstrating the world’s first Single Silicon Biometric System on Card that is being offered to card manufacturers globally – namely Zwipe Pay ONE.
A first quarter operational update webcast will be given at 12:00 CEST today. You can register for the presentation by sending an email to events@arctic.com.
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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, ir@zwipe.com
OSLO, NORWAY – 28 APRIL 2021 –
Q1 2021 Highlights
During the first quarter 2021, Zwipe continued to strengthen its foundation for mass-volume roll out of biometric payment cards.
Swedish fintech Vopy, a provider of embedded financial services for telecom and financial institutions globally, selected the Zwipe Pay ONE platform for its biometric payment cards.
Zwipe announced the finalization of four new partnerships with prominent card manufacturers in Asia-Pacific and Europe. The combined annual card shipment from these new customers is more than 1 billion, of which payment cards constitute more than 150 million.
Tag Systems, a leading provider of payment cards (and part of AUSTRIACARD Group), decided to strengthen its collaboration with Zwipe to bring the most advanced new biometric payment cards to issuers in Europe and North America. The group delivers 100 million payment cards each year across Europe, the Middle East and the US. Tag Systems also placed a small initial order for Zwipe Pay ONE.
Developments after the period
KL HI-TECH, the 2nd largest payment card manufacturer in India selected the Zwipe Pay ONE platform to deliver biometric payment cards to its clients in India and key international markets. KL HI-TECH serves some of India's largest banks and delivers approximately 30 million payment cards per year.
French payment solutions provider be ys Pay selected Zwipe to offer biometric payment cards to the French, Belgian, Luxembourg and Dutch markets. be ys Pay is an integral part of the international be ys ecosystem, present on three continents with more than 3 000 employees.
To strengthen its strategic engagements in the Middle East and Africa (MEA) and India, Zwipe has appointed Ramzi Saboury as General Manager for the Middle East and North Africa (MENA) Region and Masterline as Strategic Business Partner in India and other selected markets in the MEA region.
CEO Comment
During the first quarter of 2021, Zwipe has seen significant progress on all fronts – operationally, technologically and organizationally.
We continued to grow our ecosystem of smart card manufacturers and go-to-market partners, while cementing our collaboration with key technology partners in the payments value chain. We have taken major steps towards technology readiness with our Zwipe Pay ONE platform, passing critical milestones and risk points and successfully performing fully functional internal test transactions with Zwipe Pay ONE demo cards. Consequently, we are on track to support our partners launch pilots after the summer. We have also onboarded key expert resources onto our team, strengthening the Zwipe organization even further.
The first quarter was characterized by a continued high level of activity and we finalized many key agreements. Swedish fintech Vopy, chose Zwipe Pay ONE for issuing biometric payment cards to their global telecom and financial institutions client network. The four agreements with prominent card manufacturers in Asia-Pacific and Europe, with a combined yearly shipment of more than 150 million payment cards announced during the quarter, was another recognition of the attractiveness of our offering. Subject to positive pilot results, mass-market rollout will follow. The renewal and strengthening of our commercial partnership with TAG Systems, including TAG Nitecrest in the UK, further reinforced our foundation for market success, especially in Europe and North America.
We ended a solid quarter and kick-started the next announcing agreements with KL HI-TECH, India's second-largest card manufacturer (delivering 30 million payment cards annually), and French payment provider be ys Pay, which will bring biometric payment cards based on our platform to banks in France and the Benelux region. KL HI-TECH is now ramping up its industrialization efforts to deliver Zwipe Pay ONE biometric payment cards to leading issuers in India and selected markets in the Middle East and Africa.
In response to strong interest in Zwipe Pay ONE Cards from card manufacturers, card bureaus, issuers and consumers in the Middle East and North Africa (MENA) region and in India, we have established a local presence by appointing a highly experienced General Manager for the MENA region and entering a collaboration with Masterline, a well-connected player in the field of fintech and payment solutions, as a Strategic Business Partner in India and beyond. We have also further strengthened our organization with several top payment industry talents both in the commercial and the R&D team. I am particularly delighted to welcome our new Chief Sales Officer, John Goodale, to my management team. John, who has a long and proven track record from one of the world’s largest processors, TSYS, and also from professional services at KPMG and DMR Consulting, is leading Zwipe’s engagement and conversion efforts with smart card manufacturers. He is also supporting our engagements with issuers and selected go-to-market partners to further strengthen Zwipe’s position in the global biometric payments market.
The growing interest in biometric payment cards has been noted in several independent analyst reports in recent months (notably from UBS, ABI Research, Goode Intelligence). The common theme in all these reports is their increased volume projections for biometric payment cards over the next 3 to 5 years, suggesting a share of 15-20 % of issued payment cards in 2026.
Since the outbreak of the pandemic a number of countries raised the contactless transaction limits in response to safety concerns from consumers when having to touch the payment terminals (most recently the UK treasury increased the contactless limit from 45 to 100 pounds).
While increasing the contactless limit is a very pragmatic solution in the pandemic times, this solution is unfortunately not very sustainable due to the underlying concerns on the lack of security in contactless payments. These concerns were also obvious from consumers’ comments in discussion forums when the UK treasure decided to more than double the contactless limits. For us, this is further proof that the natural and sustainable step from contact-less payments is contact-free payments, facilitated by biometric payment cards.
As we near completion of the development of Zwipe Pay ONE, which has been a journey we embarked on together with IDEMIA and other key partners almost two years ago, I am very excited to enter into the next phase of increased commercial efforts and subsequent roll-out to consumers.
Zwipe has a historically strong pipeline, a highly competent, passionate and agile organization managing a disruptive technology that is in demand in the market, and a robust ecosystem of partners taking an increasingly proactive role in promoting Zwipe. This is all laying a strong foundation for long-term value creation. The journey has just begun.
Financial Update
Sales revenues in Q1 2021 were MNOK 0.3 (MNOK 0.4).
Average monthly operational cash flow was MNOK -6.3 in Q1 2021 versus MNOK -5.8 in Q1 2020. The increase is in line with higher activity in the company. During the last quarter of 2020 and first quarter of 2021, Zwipe has increased its staff in response to the increased demand for piloting and deployment of our payment solutions and services.
Zwipe was granted a second bank loan of MNOK 2.1 in February 2021 through the second draw of the US Paycheck Protection Program (PPP). The loan is payable in five years. Zwipe may be eligible for partial or full loan forgiveness given fulfilment of a set of requirements.
The closing cash balance at the end of Q1 2021 was MNOK 108.9 (MNOK 54.6). The development in cash balance since Q4 2020 is primarily a result of operational cash flow of MNOK -18.8 and the second PPP bank loan of MNOK 2.1.
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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 Oslo, on 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 28 April 2021.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit www.zwipe.com
For more information, please contact:
Lars Kristian Solheim, CFO
+47 991 661 35
lars.kristian@zwipe.com
Oslo, Norway – 12 April 2021 – On the back of strong interest from card manufacturers, card bureaus and issuers in the MENA Region and in India, biometric technology company Zwipe has established presence in these two key regions by appointing a General Manager for the Middle East and North Africa (MENA) Region and entering a collaboration with a Strategic Business Partner in India.
Ramzi Saboury, Zwipe’s newly appointed General Manager in MENA
Mr. Saboury has a distinguished career spanning over 26 years within Payment Services at leading banks in Kuwait, as regional GM for Levant at Visa Inc. and as CCO at areeba. During these years, he has successfully established many financial services, most notably within contactless payments and mobile technologies. In 2018, Mr. Saboury was awarded by the Asian Bankers Organization “The 50 Most Promising Young Leaders in the Banking and Financial Services industry for APAC and the Middle East Regions”.
“Zwipe's decision to strengthen its position in MENA fits perfectly with the transformations that are taking place in the global payments market. I am delighted to have joined Zwipe's team and I am already busy driving biometric payment cards and Zwipe Pay ONE in a region that is very keen for such advanced solutions,” says Ramzi Saboury.
Masterline, newly appointed Strategic Business Partner in India
Zwipe has also entered a collaboration with Masterline as Strategic Business Partner to accelerate deployment of the Zwipe Pay ONE platform in India and key markets in the Middle East and Africa (MEA). Masterline possesses a proficiency from over 20 years of driving sales and deployment of smart card products, SIM cards and recharge scratch cards. It is a seasoned and well-connected player in the field of fintech and payment solutions in the region and beyond.
"The Masterline team and I are delighted to proactively assist the on-the-ground customer and go-to-market partner on-boarding on behalf of Zwipe in these regions. We are promoting the disruptive Zwipe Pay ONE platform both to smart card manufacturers and banks. There is significant market interest and we see great potential for biometric payment cards in India and elsewhere,” says Naresh Nanda, Founder and Managing Director of Masterline Group.
Commenting on these developments, André Løvestam, CEO of Zwipe, says "Our end-to-end, one-stop-shop offering to enable launch of biometric payment cards is welcomed by players across the payments value chain, both in the MENA region and in India. Ramzi’s expertise in driving payment innovations to successful businesses in the MENA region and Masterline’s formidable track record in scaling smart card products in India and certain MEA markets will be key in accelerating the mass market deployment of Zwipe Pay ONE-powered payment cards”.
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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
About Masterline
Masterline has effectively, since 1994, delivered telecom and fintech solution whilst expanding its sales footprints in 30+ countries. A veteran in sales and supply of recharge cards and smart cards industry, along with strategic telecom devices & fintech solutions, Masterline has provisioned companies in serving over 27 million mobile users across the world. With 27+ years of experience, Masterline group, works with cutting-edge technologies, exceptional strategic planning, keeping prime thrust on global aspirations while guaranteeing complete client satisfaction. For more information, visit www.masterline.in
Contact: Naresh Nanda, Founder | Managing Director; info@masterline.in
Oslo, Norway and Paris, France - April 7, 2021 - French payment solutions provider be ys Pay (pronounced “be-wise” pay), a fintech dedicated to payment technologies is partnering with Zwipe, a Norwegian fintech dedicated to biometric payment solutions, to offer biometric payment cards to the French, Belgian, Luxembourg and Dutch markets.
Biometric payment cards allow consumers to conduct contactless transactions securely through authentication with their fingerprints. The innovation offered by Zwipe is based on highly secure authentication technology.
The purpose of the partnership is to offer Zwipe Pay ONE-enabled biometric payment cards to be ys Pay customers. The partners will together engage with the issuers from Q2 2021 and have the ambition to deliver pilots from H2 2021.
Mirko Koscina, president of be ys Pay, says: "Biometric payment cards represent the future, particularly in this period of health crisis since the payment transactions will be completely contact free. These cards will provide added security and convenience to consumers. As for the financial institutions, those who make use of this solution will stand to gain significantly in the long term”.
be ys Pay is an integral part of the international be ys ecosystem, present on three continents with more than three thousand employees. Expert in the mass processing, storage and securing of sensitive data, be ys operates trusted digital ecosystems for any economic activity requiring mastery of digital identity, processing of personal and confidential data flows, at the service and in support of natural and legal persons, for the French health sector for twenty years, and more recently for legal professionals, social landlords, banks, and large international companies. be ys has its own data center, "La Citadelle", located in Clermont-Ferrand, at the highest level of security in Europe, and is recognized as a Qualified Trust Services Provider. be ys is also an associate member of the Open Lab of CERN in Geneva.
"We are delighted that be ys Pay is introducing Zwipe Pay ONE biometric payment cards in strategic markets, such as France and the Benelux. Thanks to be ys Pay's network of banking customers, this collaboration will further strengthen our ability to offer a contactless payment experience for cardholders and issuers in Europe,” said André Løvestam, CEO of Zwipe.
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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
About be ys Pay
We are a fintech company dedicated to payment technologies. Our philosophy involves the use of innovation and technology to overcome limitations. In be ys Pay we offer solutions throughout the entire life cycle of payment methods and integrate payment solutions into global and local schemes. We are experts in cryptography and deep knowledge of security. Subsequently, we can apply the technology to solutions that improve the efficiency and relationships between companies and their customers.
Our solutions:
- Card issuance: we have the technological capacity and flexibility to personalize cards that do what you want
- Onboarding of customers in presence and digital
- E-wallet - tokenization
- 3D secure
- Payment terminal for shops
To learn more about our company and solutions please visit our website https://www.be-ys-pay.com/
For further information please contact: Laura Bernal marketing Manager +330645246241
The correction is with reference to the total number of cards delivered per year by KL HI-TECH.
OSLO, NORWAY and HYDERABAD, INDIA – 6 April 2021 – KL HI-TECH, one of India’s largest payment card manufacturers, has selected the Zwipe Pay ONE platform to deliver biometric payment cards to its clients in India and key international markets. Zwipe is a FinTech that has pioneered the development of biometric payment cards and delivered many successful pilots globally.
Founded in 1988, KL HI-TECH currently delivers a total of 50 million cards per year, of which approximately 30 million are payment cards, serving some of the largest banks in India and abroad. As per the recent Nilson Report (2020) KL HI-TECH is the 2nd largest payment card manufacturer in India and the 31st largest in the world.
KL-HI TECH engaged with Zwipe in early 2021 and after extensive evaluation of available alternatives selected Zwipe Pay ONE as the preferred biometric card platform for its next generation payment cards.
"KL HI-TECH has over three decades of experience in helping drive our clients’ growth through differentiation and innovation in payments. We are constantly seeking new technologies & innovations to enhance the payment experience to people in India and across the globe.
With the impact of the pandemic still being felt across India, consumers’ focus on safety and hygiene has increased significantly. In collaboration with Zwipe, we will deliver physical 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 P. Srinivas Rao, Chairman & CEO of KL HI-TECH.
As part of this agreement, Zwipe will provide biometric technology and technical services to enable KL HI-TECH to manufacture Zwipe Pay ONE test cards from Q2 2021. The partners are already jointly engaging with issuers in India with the aim of launching pilots from Q3 2021 and supporting the first full market launches towards the end of this year. "We are extremely pleased that KL HI-TECH has selected Zwipe Pay ONE as their biometric payment card platform. India is one of the world’s most attractive payment markets in size, growth rates and business potential. Complementing each other, Zwipe and KL HI-TECH will leverage each other’s unique technology, product and market assets, including KL HI-TECH’s extensive relationships with the leading banks in India, the Middle East and Africa, to offer innovative biometric payment solutions,” said André Løvestam, CEO of Zwipe.
For further information please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
About KL HI-Tech
KL HI-TECH Secure Print Limited (KLHT) is a leading provider of secure print products and printing solutions. Commencing its operations in 1988, KLHT has played a pioneering role in enabling secure payment transactions, banking services and facilitating tele communications in India through its secure print products.
At its sprawling state-of-the-art highly secure manufacturing facility located in Hyderabad, the company operates using stringent global standards that are required to manufacture a range of security printing products.
The company is certified by Visa, Mastercard & RuPay (National Payments Corporation of India). As per the Nilson Report (2020) KL HI-TECH is the 2nd largest banking card manufacturer in India and 31st largest banking card manufacturer in the world.
KLHT’s business ideology revolves around the prime objective of providing comprehensive, fool-proof security in critical secure print products. KLHT plays a pivotal role by manufacturing products for the following sectors:
Banks and Financial Institutions
Central and State Governments
Educational Boards and Institutions
Telecom Sector
Nationwide Election Commissions
Transport Sector
Exporting to over 52 countries across the Globe, KLHT aims to become one of the leading suppliers of secure print products globally, whilst also pioneering innovation and change to the way payments are made in India and across the globe.For further information please contact Kartik Shekar, VP – Projects, kartik@klhitech.com, +91 8008 188 466
OSLO, NORWAY and HYDERABAD, INDIA – 6 April 2021 – KL HI-TECH, one of India’s largest payment card manufacturers, has selected the Zwipe Pay ONE platform to deliver biometric payment cards to its clients in India and key international markets. Zwipe is a FinTech that has pioneered the development of biometric payment cards and delivered many successful pilots globally.
Founded in 1988, KL HI-TECH currently delivers a total of 128 million cards per year, of which approximately 30 million are payment cards, serving some of the largest banks in India and abroad. As per the recent Nilson Report (2020) KL HI-TECH is the 2nd largest payment card manufacturer in India and the 31st largest in the world.
KL-HI TECH engaged with Zwipe in early 2021 and after extensive evaluation of available alternatives selected Zwipe Pay ONE as the preferred biometric card platform for its next generation payment cards.
"KL HI-TECH has over three decades of experience in helping drive our clients’ growth through differentiation and innovation in payments. We are constantly seeking new technologies & innovations to enhance the payment experience to people in India and across the globe.
With the impact of the pandemic still being felt across India, consumers’ focus on safety and hygiene has increased significantly. In collaboration with Zwipe, we will deliver physical 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 P. Srinivas Rao, Chairman & CEO of KL HI-TECH.
As part of this agreement, Zwipe will provide biometric technology and technical services to enable KL HI-TECH to manufacture Zwipe Pay ONE test cards from Q2 2021. The partners are already jointly engaging with issuers in India with the aim of launching pilots from Q3 2021 and supporting the first full market launches towards the end of this year.
"We are extremely pleased that KL HI-TECH has selected Zwipe Pay ONE as their biometric payment card platform. India is one of the world’s most attractive payment markets in size, growth rates and business potential. Complementing each other, Zwipe and KL HI-TECH will leverage each other’s unique technology, product and market assets, including KL HI-TECH’s extensive relationships with the leading banks in India, the Middle East and Africa, to offer innovative biometric payment solutions,” said André Løvestam, CEO of Zwipe.
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About KL HI-Tech
KL HI-TECH Secure Print Limited (KLHT) is a leading provider of secure print products and printing solutions. Commencing its operations in 1988, KLHT has played a pioneering role in enabling secure payment transactions, banking services and facilitating tele communications in India through its secure print products.
At its sprawling state-of-the-art highly secure manufacturing facility located in Hyderabad, the company operates using stringent global standards that are required to manufacture a range of security printing products.
The company is certified by Visa, Mastercard & RuPay (National Payments Corporation of India). As per the Nilson Report (2020) KL HI-TECH is the 2nd largest banking card manufacturer in India and 31st largest banking card manufacturer in the world.
KLHT’s business ideology revolves around the prime objective of providing comprehensive, fool-proof security in critical secure print products. KLHT plays a pivotal role by manufacturing products for the following sectors:
Exporting to over 52 countries across the Globe, KLHT aims to become one of the leading suppliers of secure print products globally, whilst also pioneering innovation and change to the way payments are made in India and across the globe.
For further information please contact Kartik Shekar, VP – Projects, kartik@klhitech.com, +91 8008 188 466
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 - 23 MARCH 2023 - Reference is made to the stock exchange announcements published by Zwipe AS (the "Company") on 21 March 2023 regarding the final result of the rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per Offer Share (the "Rights Issue") and the subscriptions made by the primary insiders Robert Mueller on 9 March 2023 and Diderik Schonheyder on 10 March 2023, respectively.
Due to a miscalculation of the number of Offer Shares the subscription rights received in the Rights Issue entitled them to based on the 9:5 subscription ratio, the number of Offer Shares subscribed for in the Rights Issue was incorrectly reported for Robert Mueller and Diderik Schonheyder. The miscalculation was identified following receipt of their final allocation of Offer Shares in the Rights Issue.
Please see the attached notifications of trade correcting the notifications made on 9 March 2023 for Robert Mueller and on 10 March 2023 for Diderik Schonheyder.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
OSLO, NORWAY – 21 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") earlier today regarding the final results of the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per share (the "Rights Issue").
Diderik Schonheyder, a board member of Zwipe AS, has today, on 21 March 2023, been allocated and thereby validly subscribed for the 10.945 Offer Shares he over-subscribed in the Rights Issue.
Please see the attached notification of trade for further information.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT INFORMATION" SECTION BELOW
OSLO, NORWAY – 21 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 6 March 2023 regarding the commencement of the subscription period in the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares"), at a subscription price of NOK 4.80 per share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The subscription period for the Rights Issue expired at 16:30 hours CET yesterday, on 20 March 2023.
The Company received subscriptions for a total of 14,308,313 Offer Shares, corresponding to 68.59% of the Offer Shares, during the subscription period for the Rights Issue.
The allocation of the Offer Shares in the Rights Issue has now been completed on the basis of the allocation criteria resolved by the extraordinary general meeting of the Company in connection with the approval of the Rights Issue, and as set out in the prospectus prepared for the Rights Issue dated 1 March 2023 (the "Prospectus").
The board of directors of the Company has allocated a total of 20,862,047 Offer Shares in the Rights Issue, of which 14,308,313 Offer Shares were allocated based on subscriptions received in the subscription period (which includes subscriptions made by the underwriters during the subscription period) and the remaining 6,553,734 Offer Shares were allocated to the underwriters for the Rights Issue.
Notifications of conditionally allocated Offer Shares and the corresponding subscription amount to be paid by each subscriber not yet having paid for their subscriptions are expected to be distributed tomorrow, on 22 March 2023. Payment for the allocated Offer Shares falls due on 24 March 2023 in accordance with the payment procedures described in the Prospectus.
The Offer Shares may not be transferred or traded before all Offer Shares have been fully paid for and the share capital increase pertaining to the Rights Issue has been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Subject to timely payment of the entire subscription amount in the Rights Issue, the Company expects that the share capital increase pertaining to the Rights Issue will be registered with the Norwegian Register of Business Enterprises on or about 28 March 2023. Under the same conditions, allocated Offer Shares are expected to be delivered on or about 29 March 2023 through the facilities of VPS and on or about 31 March 2023 through the facilities of Euroclear. Trading in the Offer Shares on Euronext Growth Oslo is expected to commence on or about 28 March 2023 and on Nasdaq First North Growth Market on or about 31 March 2023.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
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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 above, at 18:00 on 21 March 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.
IMPORTANT INFORMATION
The information in this press release neither contains nor constitutes an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Zwipe. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Norway and Sweden. The invitation to interested persons to subscribe for shares in Zwipe will only take place through the Prospectus published by Zwipe on 3 March 2023. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, Russia, Belarus or any other jurisdiction where such action would be illegal, subject to legal restrictions or require measures other than those that follow from Norwegian and Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation. No shares or other securities of Zwipe have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933 from time to time ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and pursuant to the securities laws of the relevant state or other jurisdiction in the United States. This communication is distributed to and directed solely to persons in the United Kingdom who are (i) professional investors falling within the scope of Article 19(5) of the U.K. from time to time in force; Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") or (ii) high net worth subjects and other persons to whom this notice may lawfully be addressed, who are subject to Article 49(2)(a)-(d) ) in the Order (all such persons are collectively referred to as "Relevant Persons"). Persons who are not Relevant Persons may not act on or rely on the information in this communication. An investment or investment measure referred to in this communication is only possible for Relevant Persons and will only be completed with Relevant Persons. Persons who disseminate this communication must themselves ensure that such dissemination is permitted.
Forward-looking statements
This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements.
Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Euronext Growth Oslo's or Nasdaq First North Growth Markets' regulations for issuers.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT INFORMATION" SECTION BELOW
OSLO, NORWAY – 20 MARCH 2023 - Reference is made to the stock exchange announcement by Zwipe AS (the "Company") on 6 March 2023 regarding the commencement of the subscription period in the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The subscription period for the Rights Issue will expire today, on 20 March 2023, at 16:30 hours (CET).
Subscriptions for Offer Shares by subscribers with a VPS account must be made by submitting a correctly completed subscription form to DNB Bank ASA, Registrar's Department (the "VPS Registrar") at the following address: Dronning Eufemias gate 30, P.O. Box 1600 Sentrum, N-0021 Oslo, Norway, or by e-mail to: retail@dnb.no, by 16:30 hours (CET) today, 20 March 2023, or, in the case of online subscriptions, be registered through the VPS online subscription system within the same deadline.
Subscription rights that are not used to subscribe for Offer Shares by the end of the Subscription Period will have no value and will lapse without compensation to the holder.
For more information, please refer to the prospectus dated 1 March 2023 (the "Prospectus"), prepared by the Company in connection with the Rights Issue, which is available at the website of the Company at https://www.zwipe.com/investors/reports and at the website of the manager of the Rights Issue, Erik Penser Bank AB, at https://www.penser.se/corporate-finance/#pagaende-uppdrag.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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IMPORTANT INFORMATION
The information in this press release neither contains nor constitutes an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Zwipe. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Norway and Sweden. The invitation to interested persons to subscribe for shares in Zwipe will only take place through the Prospectus published by Zwipe on 3 March 2023. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, Russia, Belarus or any other jurisdiction where such action would be illegal, subject to legal restrictions or require measures other than those that follow from Norwegian and Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation. No shares or other securities of Zwipe have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933 from time to time ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and pursuant to the securities laws of the relevant state or other jurisdiction in the United States. This communication is distributed to and directed solely to persons in the United Kingdom who are (i) professional investors falling within the scope of Article 19(5) of the U.K. from time to time in force; Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") or (ii) high net worth subjects and other persons to whom this notice may lawfully be addressed, who are subject to Article 49(2)(a)-(d) ) in the Order (all such persons are collectively referred to as "Relevant Persons"). Persons who are not Relevant Persons may not act on or rely on the information in this communication. An investment or investment measure referred to in this communication is only possible for Relevant Persons and will only be completed with Relevant Persons. Persons who disseminate this communication must themselves ensure that such dissemination is permitted.
Forward-looking statements
This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements.
Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Euronext Growth Oslo's or Nasdaq First North Growth Markets' regulations for issuers.
OSLO, NORWAY and RIYADH, SAUDI ARABIA– 16 March 2023 – Unicard, a provider of secure solutions in the Kingdom of Saudi Arabia (KSA) and a subsidiary of Inkript, a digital security solutions provider in the Middle East and Africa, has partnered with Zwipe to deploy biometric payment cards in the MEA region. With this collaboration, Zwipe will strengthen its presence in one of the leading markets in the MEA region.
Unicard develops customized solutions in security printing and is a leading supplier of smartcards for the Saudi market.
Commenting on this major development of the growing and promising biometric payment card market, Riad Itani, Managing Director at Inkript Industries, said, “Our partnership with Zwipe is key in a growing market such as KSA. In the last few years, we have been witnessing an increase in digital payment usage in the Kingdom but security remains key to the growing adoption of innovative payment methods. Therefore, the demand for biometric payment cards has grown as Saudi consumers have shown an openness for new payments options. The government is also encouraging cashless transactions and promoting payment innovation with emphasis on fraud prevention.
"In fact, according to Global Data’s forecast, the Saudi Arabian payments market is expected to grow at a strong compound annual growth rate (CAGR) of 13.6% between 2022 and 2026 to reach $ 219.2 billion in 2026. We believe that the rapid evolution of the biometric payment card market is imminent in a country supported by a robust contactless payment infrastructure. As biometric authentication is reshaping payments, we are looking forward to working with Zwipe, to provide our clients in the Kingdom with the latest and most secure biometric payment technology”.
As part of this agreement, Zwipe will provide its VISA and Mastercard approved Zwipe Pay biometric payment card platform to Unicard to make biometric payment cards available in Saudi Arabia and the MEA region. Unicard will benefit from Zwipe’s biometric technology platform and expertise in biometric card manufacturing, personalization and fulfillment services.
According to Ramzi Saboury, General Manager for Zwipe in Middle East and Africa, “The Kingdom of Saudi Arabia is a key market for Zwipe, with a high potential for biometric payment cards. We are therefore very pleased with this new partnership with Unicard. Our clients will benefit from getting our partner biometric cards based on the most advanced and certified Zwipe Pay solution.”
About Unicard
Unicard was established in 2004 in Dammam, KSA, and was acquired in 2012 by Inkript, an established digital security solutions provider in the Middle East and Africa. Unicard is a secure solutions provider supporting governments, telecom operators, financial institutions and large corporations, and mainly caters to the Saudi market with a constant expansion throughout the region. The company is specialized in smartcard production and security printing, and complies with ISO standard (ISO 7811) in cards manufacturing.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries & cultures to make convenience safe & secure. We are pioneering next-generation biometric card technology for both payment and physical & logical access control and ID solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway with a global presence. To learn more, please visit www.zwipe.com
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT INFORMATION" SECTION BELOW
OSLO, NORWAY – 14 MARCH 2023 - Reference is made to the stock exchange announcement by Zwipe AS (the "Company" or "Zwipe") on 6 March 2023 regarding the commencement of the subscription period in the fully guaranteed rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per share, raising gross proceeds of NOK 100,137,825.60 (the "Rights Issue").
The trading period in the subscription rights in the Rights Issue on Euronext Growth Oslo (ticker code "ZWIPT") and on Nasdaq First North Growth Market (ticker code "ZWIPE TR") expires at close of trading today, 14 March 2023, on Euronext Growth Oslo at 16:30 hours (CET) and on Nasdaq First North Growth Market at 17:30 hours (CET), respectively.
The subscription period for the Rights Issue expires at 16:30 hours (CET) on 20 March 2023.
Subscription rights that are not sold before close of trading today, 14 March 2023, or used to subscribe for Offer Shares in the Rights Issue before the expiry of the subscription period on 20 March 2023 at 16:30 hours (CET), will have no value and will lapse without compensation to the holder.
For more information, please refer to the prospectus dated 1 March 2023 (the "Prospectus"), prepared by the Company in connection with the Rights Issue, which is available at the website of the Company at https://www.zwipe.com/investors/reports and at the website of the manager of the Rights Issue, Erik Penser Bank AB, at https://www.penser.se/corporate-finance/#pagaende-uppdrag.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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IMPORTANT INFORMATION
The information in this press release neither contains nor constitutes an offer to acquire, subscribe or otherwise trade in shares, warrants or other securities in Zwipe. No action has been taken and no action will be taken to permit an offer to the public in any jurisdictions other than Norway and Sweden. The invitation to interested persons to subscribe for shares in Zwipe will only take place through the Prospectus published by Zwipe on 3 March 2023. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, Russia, Belarus or any other jurisdiction where such action would be illegal, subject to legal restrictions or require measures other than those that follow from Norwegian and Swedish law. Actions contrary to this instruction may constitute a violation of applicable securities legislation. No shares or other securities of Zwipe have been registered, and no shares or other securities will be registered, under the United States Securities Act of 1933 from time to time ("Securities Act") or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or otherwise transferred, directly or indirectly, in or to the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and pursuant to the securities laws of the relevant state or other jurisdiction in the United States. This communication is distributed to and directed solely to persons in the United Kingdom who are (i) professional investors falling within the scope of Article 19(5) of the U.K. from time to time in force; Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ("the Order") or (ii) high net worth subjects and other persons to whom this notice may lawfully be addressed, who are subject to Article 49(2)(a)-(d) ) in the Order (all such persons are collectively referred to as "Relevant Persons"). Persons who are not Relevant Persons may not act on or rely on the information in this communication. An investment or investment measure referred to in this communication is only possible for Relevant Persons and will only be completed with Relevant Persons. Persons who disseminate this communication must themselves ensure that such dissemination is permitted.
Forward-looking statements
This press release contains forward-looking statements that refer to the Company's intentions, assessments or expectations regarding the Company's future results, financial position, liquidity, development, prospects, expected growth, strategies and opportunities as well as the markets in which the Company operates. Forward-looking statements are statements that do not relate to historical facts and can be identified by the inclusion of expressions such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "assumes", "should" "could" and, in each case, negations thereof, or similar expressions. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on additional assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there can be no assurance that they will occur or that they are accurate. As these assumptions are based on assumptions or estimates and are subject to risks and uncertainties, the actual result or outcome may, for many different reasons, differ materially from what appears in the forward-looking statements.
Such risks, uncertainties, contingencies, and other material factors may cause actual events to differ materially from the expectations expressed or implied in this press release through the forward-looking statements. The Company does not warrant that the assumptions underlying the forward-looking statements in this press release are correct and any reader of the press release should not place undue reliance on the forward-looking statements in this press release. The information, opinions and forward-looking statements expressed or implied herein are provided only as of the date of this press release and are subject to change. Neither the Company nor anyone else undertakes to revise, update, confirm or publicly announce any revision of any forward-looking statement to reflect events occurring or circumstances occurring with respect to the contents of this press release, except as required by law or Euronext Growth Oslo's or Nasdaq First North Growth Markets' regulations for issuers.
OSLO, NORWAY – 10 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 6 March 2023, regarding the commencement of the subscription period in the rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per Offer Share (the "Rights Issue").
The following primary insiders of the Company have today, on 9 March 2023, exercised the following number of subscription rights in the Rights Issue, and thereby subscribed for the number of Offer Shares to which the number of subscription rights exercised entitles them to be allocated upon completion of the Rights Issue.
Please see the attached notifications of transactions for further information.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
OSLO, NORWAY – 9 MARCH 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 6 March 2023, regarding the commencement of the subscription period in the rights issue of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription price of NOK 4.80 per Offer Share (the "Rights Issue").
The following primary insiders of the Company have today, on 9 March 2023, exercised the following number of subscription rights in the Rights Issue, and thereby subscribed for the number of Offer Shares to which the number of subscription rights exercised entitles them to be allocated upon completion of the Rights Issue.
Please see the attached notifications of transactions for further information.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
OSLO, NORWAY and JAKARTA, INDONESIA - 7 March 2023 - Wahyukartu, one of Indonesia’s leading smart card manufacturers is partnering with Zwipe to deliver biometric payment cards in Indonesia. Wahyukartu is the country's largest smartcard manufacturer in the identity market as well as the largest personalization bureau in the banking sector.
As part of this collaboration, Zwipe and Wahyukartu will jointly pursue business opportunities for biometric cards in the smart cards market.
Speaking on the partnership Ruddy Hartanto, Founder of Wahyukartu said “Our products have served the Indonesian market for more than 30 years. As a leading smartcard provider in Indonesia, we have successfully partnered with many local and international brands. Our partnership with Zwipe will deploy biometric cards technology to ensure the highest standards in security for our customers.”
Zwipe will provide technology and expertise to enable Wahyukartu to manufacture and personalize biometric payment cards using the Zwipe platform.
“We are pleased that Wahyukartu is partnering with Zwipe which will help bring biometric payment cards to Indonesia. With Wahyukartu’s strong and diverse customer presence, this collaboration strengthens Zwipe’s position in the APAC market. Zwipe’s expertise and leadership on biometric payment cards platform will enable Wahyukartu to deliver innovative, secure and convenient payment cards to their customers,” said Robert Puskaric, CEO of Zwipe.
About Wahyukartu
Founded in 1991, Wahyukartu is Indonesia’s biggest and first card manufacturer that is completely certified in Indonesia to have ISO, Visa, Mastercard, JCB, NSI, and personalization bureau card certifications. We offer the best quality cards by applying state-of-the-art technology, appointing well-trained human resources and utilizing the best materials available in our printing process to meet customer requirements.
To learn more, visit wahyukartu.com
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries & cultures to make convenience safe & secure. We are pioneering next-generation biometric card technology for both payment and physical & logical access control and ID solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit zwipe.com
