Welcome to our dedicated page for ZWPEF news (Ticker: ZWPEF), a resource for investors and traders seeking the latest updates and insights on ZWPEF stock.
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On August 25, 2022, Zwipe AS announced the acquisition of a Component Conformity Statement (CCS) from Mastercard for its Zwipe Pay platform. This certification affirms that the biometric payment card platform meets Mastercard's rigorous security and performance standards. The CCS allows Smart Card Manufacturers to utilize Zwipe’s certification to gain Mastercard’s Letter of Approval for their biometric cards, expediting global deployment. This development enables issuers to create differentiated payment solutions, enhancing customer acquisition and loyalty opportunities.
Zwipe AS has successfully raised approximately NOK 104 million through a private placement of 4,000,000 new shares at a subscription price of NOK 26.10 per share, aligning with the market closing price. The funds will support the company's development, commercialization efforts, and general operations, ensuring sufficient capital for upcoming commercial launches in 2022. The new shares will be listed on Euronext Growth Oslo and Nasdaq First North Growth Market following the expected registration on September 30, 2021.
Zwipe has publicly demonstrated its innovative Zwipe Pay ONE, the world's first Single Silicon Biometric System on Card, aimed at enhancing contactless payment security. This groundbreaking development allows users to authorize transactions using their fingerprints, addressing privacy concerns inherent in traditional methods. The announcement follows their first quarter 2021 operational update, with a webcast scheduled for April 28, 2021. Zwipe seeks to transform the payments landscape by offering a biometric solution that emphasizes convenience and data security.
