Zwipe AS — Regulatory Filings 2021

May 10, 2021

FSS selects Zwipe Pay ONE for Next-Generation Contactless Cards to be offered globally

FSS selects Zwipe Pay ONE for Next-Generation Contactless Cards to be offered globally

OSLO, NORWAY and CHENNAI, INDIA - 10 May 2021 - FSS (Financial Software and

Systems), a leading global provider of integrated payment products and a payment

processor, is partnering with Zwipe to bring next generation contactless payment

cards to issuers globally. Zwipe is a payment FinTech recognized for having

pioneered the development of biometric payments and has delivered many

successful pilots around the world.

FSS is among the leading providers of card issuance products globally and its

card portfolio consists of 800 plus million payment cards for Tier One banks and

payment processors. The organizations will collaborate closely, offering greater

value to customers by combining FSS's Unified Issuance Platform and Zwipe Pay

One biometric card capabilities, supported by Zwipe's fast-growing global

network of card manufacturing partners.

The widespread adoption of contactless payment cards has been a huge success in

recent years[1]. The Covid-19 pandemic has accelerated the use of contactless

payments even further as consumers demand a safe, contact-free transacting

environment. However, the lack of cardholder authentication with contactless

cards translates into usage being restricted to relatively small and medium

value payments, hampering the ability to deliver a fully contact-free experience

for all payment values. The response to this is the biometric payment card that

fully enables contact-free transactions while boosting confidence and security

for consumers, retailers and issuers.

Commenting on the partnership K Srinivasan, Chief Operating Officer, FSS

PayTech, said "Biometric payment cards will bring strong differentiation and

value uplift to our card issuance and management offerings. Our partnership with

Zwipe will help our issuer clients to deliver a completely touchless and PIN

-free check out experience, better in-store payments hygiene and much stronger

cardholder security. Needless to say, now more than ever, innovation can play a

critical role within the context of the global pandemic which makes it even more

important to bring solutions such as this quickly to our customers. Zwipe Pay

ONE is recognized as the most advanced (Gen3) biometric payment technology and

complements FSS' innovative card portfolio. It will be made available to our

clients for piloting and deployment from H2 2021".

As part of this collaboration, FSS will offer Zwipe Pay ONE biometric payment

cards globally. The initial focus will be in those markets where contactless is

bringing considerable benefits in the area of financial inclusion as seen in

Canada, India and a number of countries within Europe, Middle East (GCC

countries) and Africa. Both partners will start engaging with issuers from Q2

2021 and aim for starting pilots from 2H 2021.

"We are humbled and proud to partner with FSS, one of the most respected and

global providers of payment services. This is a landmark agreement for Zwipe and

will significantly accelerate our growth globally, most notably in Asia, the

world's largest payment market," said 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

10:05 CEST on 10 May 2021.

About FSS

Financial Software and Systems (FSS) is a leader in payments technology and

transaction processing. The company offers an integrated portfolio of software

products, hosted payment services and software solutions built over 30+ years of

experience. FSS, end-to-end payments products suite, powers retail delivery

channels including ATM, POS, Internet and Mobile as well as critical back-end

functions including cards management, reconciliation, settlement, merchant

management and device monitoring. Headquartered in Chennai, India, FSS services

leading global banks, financial institutions, processors, central regulators and

governments across North America, UK, Europe, ME, Africa, and APAC and has 2,500

experts on-board. For more information visit www.fsstech.com

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

[1] A recent study (https://www.mastercard.com/news/ap/en/newsroom/press

-releases/en/2020/april/mastercard-study-shows-consumers-moving-to-contactless

-payments-for-everyday-purchases/) by Mastercard shows considerable consumer

uptake on contactless payments.