Zwipe AS — Regulatory Filings 2021

Sep 27, 2021

Zwipe partners with leading fintech player 'QPS' to bring Next Generation Payment Cards to Asia and the Middle East

Zwipe partners with leading fintech player 'QPS' to bring Next Generation Payment Cards to Asia and the Middle East

OSLO, NORWAY and DUBAI, UAE - 27 September 2021?-?Zwipe and Que Processing

Services (QPS) are joining forces to bring Zwipe Pay ONE biometric payment cards

to banks in two key markets, Asia and the Middle East. This collaboration will

facilitate a faster and smooth rollout of next generation payment cards and

address the fast-growing demand for safer and more secured payment solutions.

This strategic collaboration is part of a broader strategy of QPS to expand its

reach across the key markets of the Middle East.

QPS provides a fully managed card issuance and processing platform services to

various financial and non-financial institutions. The company powers modern

payment experiences by offering wide-ranging physical and virtual cards with a

highly innovative platform. QPS delivers innovative card programs in multiple

countries including India, South Asia & Middle East.

Speaking on the collaboration, Vinay Kalantri, Founder & CEO of QPS said:

"Across every industry, modern payment solutions are disrupting the status quo.

Zwipe Pay ONE Biometric Payment Cards will uplift QPS' payments portfolio and

demonstrate our commitment to bringing breakthrough innovations to the banking

sector. Zwipe is a globally recognized biometric fintech company and our

collaboration will provide differentiation and meaningful commercial value to

our bank customers."

As part of this partnership, Zwipe will support QPS in the commercializing of

next generation payment cards duly backed by the certified regional card

manufacturing partners delivering Zwipe Pay ONE-based biometric payment cards.

"We are experiencing a growing interest in biometric payment cards and Zwipe.

Partnering with well-known next generation payment processors such as QPS will

be instrumental in accelerating the deployment of the biometric payment cards to

consumers and banks. As QPS is enabling banks to quickly launch new and

innovative payment programs, both partners see strong product and go-to-market

synergies. We are sure that this journey will further accelerate the deployment

of biometric payment cards in the region,"?commented Ramzi Saboury, General

Manager for Zwipe in the MENA region.

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

135?info@zwipe.com

About QPS

QPS is a leading B2B service provider offering a fully managed card issuance and

processing platform, which is integrated with the banks as well as payment

servers. Incorporated in February 2019 by Mr Vinay Kalantri, the company is

headquartered in Mumbai and a back-office stationed in Chennai. Listed as 50

Most Promising Entrepreneurs of 2017, Mr Vinay Kalantari has been a part of the

Fintech fraternity for more than two decades.

QPS delivers an extensive Open API issuing card management system, QPS has a

team of experienced professionals from the payment industry. This team has

together earned a global clientele in the past two years and QPS aspires to

expand its reach in the Middle East, UK, and Europe.??QPS aims to provide end-to

-end and cutting-edge secure payment solution with real-time customer and data

insights that enables innovation and helps businesses adapt, scale and optimize.

About Zwipe

Zwipe is pioneering the next generation contactless payments experience,

providing biometric payment card 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 and 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?zwipe.com (https://www.zwipe.com/)