Zwipe AS — Board/Management Information 2020

Jun 2, 2020

Zwipe appoints new Executive Vice President Strategy & Channels

Zwipe appoints new Executive Vice President Strategy & Channels

OSLO, NORWAY- 02 June 2020 - Zwipe AS announces that Bishwajit Choudhary has

accepted the position of Executive Vice President Strategy & Channels at Zwipe,

commencing 2 June 2020.  He will lead Zwipe's engagement efforts towards banks,

global and domestic card schemes, selected retailers and other important

payments ecosystem stakeholders.

Based in Oslo, Mr. Choudhary brings two decades of experience from Nets where he

led many new business initiatives within Digital-ID, electronic signatures and

mobile authentication for international clients. As the Group SVP (Strategy) he

led Nets' market intelligence and strategy execution and played a key role in

many commercial initiatives, notably open-banking data analytics, customer

advisory, strategic alliances and fintech partnerships. Prior to joining Zwipe,

he was Chief Commercial Officer at UserTribe, a global leader in delivering deep

customer insights in 100+ countries based on live experience data.

"With increasing activity in payment cards and wearables in general, and

biometrics in particular, and with Zwipe poised to take a technology and cost

leadership position in this high potential market, timing is right for Zwipe to

complement our growing engagements with our direct customers, the smart card

manufacturers, by embarking on a "pull strategy". This means that we will step

up our engagements with banks and neo-banks, as well as new players in card

issuance, such as retailers and tech companies. With deep insights in the

payments industry, Bishwajit will add a valuable breadth in our payments

expertise and lead our strategy and channel development," said André Løvestam,

CEO of Zwipe.

About Zwipe

Zwipe is a technology solution provider that enables battery-less, ultra-low

-power, self-contained biometric authentication solutions. Together with an

ecosystem of partners including global brands within security, financial

services and ID applications, Zwipe is "Making Convenience SecureT" for banks,

merchants and consumers. Using advanced fingerprint recognition while protecting

personal information, Zwipe's solutions address the data theft pitfalls inherent

in traditional authentication methods. Headquartered in Oslo, Norway, Zwipe has

spent the last 10 years developing its unique power harvesting technology

platform in combination with security solutions based on international

infrastructure standards. To learn more, visit www.zwipe.com

Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se , +46

(0) 528 00 399

For more information contact: André Løvestam, CEO, +47 991 66 135

info@zwipe.com