Zwipe AS — Board/Management Information 2021

Apr 12, 2021

Zwipe Establishes Regional Presence in the Middle East & North Africa Region and in India

Zwipe Establishes Regional Presence in the Middle East & North Africa Region and in India

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