Large commercial order received for the Zwipe Pay platform
Oslo, Norway, October 11, 2022 /PRNewswire/ — Zwipe is proud to announce a major commercial order for its Zwipe Pay platform, which enables smart card manufacturers to provide biometric payment cards. This order was placed by one of the largest smart card manufacturers in the world, shipping tens of millions of payment cards worldwide.
The order value is approx. $225,000 and shipping is scheduled for the last quarter of 2022, making it the largest single-quarter commercial order in Zwipe’s history. Most notably, this initial order is part of a larger volume the smart card maker expects to place in 2023. The move comes after the smart card maker began ramping up its production readiness to deliver smart cards. high-volume biometric payment solutions in key growth markets. in Europe.
Robert PuskaricPresident and CEO of Zwipe added, “It is encouraging to see the growing commitment of one of the largest smart card manufacturers to launch more biometric payment cards from 2023 with Zwipe. The Visa certification of our platform in March and the Mastercard’s approval in August of this year has further accelerated our customers’ interest in bringing their next-generation payment cards to markets in continued partnership with Zwipe.”.
This information is subject to the disclosure requirements of EU Regulation 596/2014, Article 19, Number 3, and Norwegian Securities Trading Act, Section 5-12, and is information that Zwipe AS is required to make public in accordance with the ongoing obligations of companies admitted to trading. on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on the Nasdaq First North Growth Market. The Certified Advisor on the Nasdaq First North is FNCA Sweden AB, [email protected]. The information was submitted for publication, through the contact person listed below, at 10:10 a.m. on October 11, 2022.
Zwipe believes that the inherent uniqueness in 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 pioneers in biometric card technology and next-generation wearable devices for physical and logical access control and identification and payment solutions. We promise our customers and partners deep knowledge and smooth solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a worldwide presence. To learn more, visit http://www.zwipe.com.
For more information please contact:
Danielle GlennCFO and IR Manager
+47 909 98 201
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