Zwipe AS — M&A Activity 2022

Apr 4, 2022

TSYS names Zwipe and adds insight to the previously announced partnership in North America

TSYS names Zwipe and adds insight to the previously announced partnership in North America

OSLO, NORWAY - 4 April 2022 - With reference to Zwipe's announcement on 15

December 2021 (https://www.zwipe.com/news/Zwipe-enters-agreement-with-an

-Industry-Leading-Payment-Services-Company-to-evaluate-Biometric-Payment-Cards

-for-the-North-American-market), biometric fintech pioneer Zwipe can confirm

that TSYS, a leading global provider of payment services to card issuers (and

part of Global Payments Inc, a member of the S&P 500), chose to work with Zwipe

to bring biometric payment cards into the North American market and beyond. This

follows today's release of TSYS's feature

article (https://www.tsys.com/spotlight/increased-security-literally-at-your

-fingertips.aspx) on the partnership with Zwipe and their intentions with

biometric payment cards.

With TSYS' card production expertise - the company produced approximately 100

million cards of all types in the United States during 2021 - and existing

production facilities, Zwipe's single-chip functionality would be seamless to

integrate into the TSYS card production process.

In a recent North American market study, a staggering 91% of those surveyed said

they want a card that is tied to their fingerprint. And 79% of the respondents

said they would be willing to participate in a biometric card pilot program. A

survey of 500 Canadians showed very similar results, as did multiple other

surveys around the world.

"We are delighted to disclose that TSYS is our partner in the previously

announced partnership with one of the largest and most respected payment service

providers in the world. The plans expressed by TSYS in the feature article

impress us and bode well for our future joint opportunity. The partnership will

give us the opportunity to accelerate our activities across numerous markets,

including North America," said André Løvestam, CEO of Zwipe.

About Zwipe

Zwipe believes the inherent uniqueness of every person is the key to a safer

future. We work with great passion across networks of international

organizations, industries and cultures to make convenience safe and secure. We

are pioneering next-generation biometric card and wearables technology for

payment and physical & logical access control and identification solutions. We

promise our customers and partners deep insight and frictionless solutions,

ensuring a seamless user experience with our innovative biometric products and

services. Zwipe is headquartered in Oslo, Norway, with a global presence.

To learn more, visit www.zwipe.com

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

info@zwipe.com