Zwipe AS — Environmental & Social Information 2021

Aug 16, 2021

MEPS to pilot Zwipe Pay ONE Biometric Cards with key executives at multiple Financial Institutions in Levant

MEPS to pilot Zwipe Pay ONE Biometric Cards with key executives at multiple Financial Institutions in Levant

OSLO, NORWAY and AMMAN, JORDAN - 16 August 2021 - Middle East Payment Services

(MEPS) and Zwipe are pleased to announce the launch of a pilot of Biometric

Payment Cards based on the Zwipe Pay ONE platform to top-level executives and

key decision makers at up to 20 banks and issuers in the Levant region. MEPS is

a key regional player in card issuing, payment processing and merchant acquiring

services in the Middle East and North Africa (MENA). Zwipe is a biometric

fintech pioneering next generation contactless payment globally.

In June, MEPS and Zwipe announced their partnership to bring Biometric Payment

Cards to banks and consumers in MENA. Both organizations have noted a strong

interest in biometric payment cards in the region.

Highlighting this development, Ali Abdel Jabbar, Chief Executive Officer at MEPS

shared, "Nothing brings more trust in Biometric Payment Cards than the first

-hand experience of using them. With this pilot, MEPS will offer the top-ranking

officers and key decision makers at up to 20 banks and issuers a chance to gain

such first-hand experience by trying these state-of-the-art payment cards in a

live environment, making it the largest multi-bank trial of these cards

globally. The pilot will be concluded in Q4 2021 with Zwipe Pay ONE Cards

delivered from Inkript. We are confident that after these trials, most banks

will launch pilots leading to multiple commercial launches."

The General Manager of Zwipe MENA, Ramzi Saboury commented, "We are proud that

our partner MEPS is amongst the global pioneers and first in MENA to pilot Zwipe

Pay ONE, paving the way for issuers to try and ultimately launch this great

technology".

As part of the collaboration, Inkript will deliver Zwipe Pay ONE-based cards to

MEPS. Inkript supplies 100 million smart cards annually across the Middle East,

Africa and Europe. In 2020, it selected Zwipe for its next-generation

contactless cards.

"We are impressed with the innovativeness and boldness of MEPS to launch such a

large-scale, multi-bank pilot of Zwipe Pay ONE cards across the Levant region.

This is a completely new approach to piloting our technology, providing a unique

opportunity for top bankers and decision makers in up to 20 individual banks to

experience first-hand the enhanced convenience, security and hygiene benefits of

biometric payment cards. We are extremely happy and excited that our

collaboration with MEPS is proceeding at such great pace," added André Løvestam,

CEO of Zwipe.

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

08:45 CEST on 16 August 2021.

About MEPS

Middle East Payment Services (MEPS), founded in 2009, is a Principal Issuer and

Acquirer of Visa, MasterCard, and UnionPay, with presence in Jordan, Iraq, and

Palestine. The company offers financial institutions, merchants, and

corporations, a complete range of secure payment solutions in card issuance /

hosting, payment processing, alternative payments, ecommerce acquiring, point-of

-sale (POS) acquiring, ATM driving and management, and customized value-added

services adhering to PCI Data Security Standards (PCI DSS). MEPS is owned by 10

Jordanian and regional banks.

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