Zwipe AS — Regulatory Filings 2021

Sep 13, 2021

NymCard joins forces with Zwipe to launch Next Generation Payment Cards in the Middle East and Africa

NymCard joins forces with Zwipe to launch Next Generation Payment Cards in the Middle East and Africa

OSLO, NORWAY and ABU DHABI, UAE - 13 September 2021 - Zwipe and NymCard are

joining forces to launch biometric payment cards in the Middle East and Africa.

With the rapidly growing demand for safer and more secure payment solutions from

fintechs and modern payment innovators, this collaboration will ensure a faster

deployment of biometric payment cards in the region.

Based in Abu Dhabi, NymCard delivers a state-of-the-art payment card issuing and

processing platform based on three key focus areas: Frictionless, Transparent

and Agile. Recognized as a leading Banking-as-a-Service (BaaS) provider in the

region, NymCard enables fintechs and innovative payment players to deliver a

seamless payment experience to their customers with easy, secure, and faster

channels. Using Open APIs and modern technologies, NymCard is known for

delivering exceptionally fast implementations. It powers payment innovators in

multiple industries from the Gig Economy, Buy Now Pay Later, Youth banking, and

Corporate expense cards across the MEA region. NymCard is now expanding to Asia

and Europe.

Speaking on the partnership, Omar Onsi, CEO and Founder at NymCard said: "In our

region, consumers, fintechs, and payment providers always seek more secure and

user-friendly financial services. We are now seeing increasing interest in

biometric payment cards as they combine world-class security with world-class

convenience. Zwipe is a highly respected fintech in the biometric payments

marketplace and Zwipe Pay ONE based cards will add considerable value for our

customers in MEA".

Zwipe will provide commercialization support, expertise, and technical guidance

to help NymCard integrate biometric payment cards in its portfolio. Zwipe Pay

ONE based cards will be delivered by one or more of Zwipe's certified smart card

manufacturers in the region. NymCard and Zwipe will start joint issuer

engagements already from this month.

"The interest in adopting biometric payment cards is phenomenal in the Middle

East and Africa. We are happy to partner with NymCard, a well-recognized Banking

-as-a-Service provider for payment innovators and fintechs. Zwipe's biometric

payment platform supports contactless payments ensuring 100% touch-free and PIN

-free transactions. We are confident that this alliance will further accelerate

the deployment of biometric payment cards," said 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 NymCard

NymCard is a MEA-based BaaS provider and modern card issuer processor. The

company offers a cloud-agnostic modern payment issuing and processing platform

called nCore that allows fintechs in the MENA region to instantly create,

control, and distribute highly customizable virtual or physical payment cards.

NymCard's mission is to enable companies to launch frictionless payment card

programs at speed in any market in MENA and now in Asia as well. As a payment

enabler, NymCard is removing the friction associated with legacy systems

enabling fintechs to focus on building their product proposition rather than

deal with complex payment processes.

NymCard developed its own processing technology from the ground up, where we own

our whole tech stack. We published our APIs and are the only MENA-based issuer

processor with a live Sandbox where fintechs can get access and start building

in no time.

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 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/)