Zwipe and GEPCOM to bring next generation payment cards to the Kingdom of Saudi Arabia

Zwipe and GEPCOM to bring next generation payment cards to the Kingdom of Saudi Arabia

29 Nov 2021 08:30 CET

OSLO, NORWAY and Riyadh, Kingdom of Saudi Arabia - 29 November 2021 - GEPCOM,
one of oldest and most respected card production and printing facilities in the
Arab world, has selected the Zwipe Pay ONE platform to deliver biometric payment
cards to its clients in Saudi Arabia and key international markets. Zwipe is a
FinTech that has pioneered the development of biometric payment cards and
delivered many successful pilots globally.

Gulf Printing Products Manufacturers' Factory (GEPCOM), founded in 1989, was the
first to bring plastic card manufacturing technology to the Arab world. This
announcement demonstrates that they are continuing the path of innovation today.
Leveraging their investment in the latest manufacturing equipment, and with full
VISA and Mastercard certification, they are able to create a range of high
-quality products to serve the financial services industry.

GEPCOM engaged with Zwipe earlier in 2021 and, after extensive evaluation of
available alternatives, selected Zwipe Pay ONE as the preferred biometric card
platform for its next generation payment cards. They were especially interested
in Zwipe's end to end products and services including Zwipe's range of enrolment
options providing GEPCOM with an opportunity to create even further value for
their clients.

According to Abdullah Ahmed Abed, Deputy General Manager & Regional Director,
GEPCOM, "GEPCOM has been manufacturing card products for all sectors in the
Middle-East and is recognized in the market for its unmatched service,
transparency and quality. With the impact of the pandemic still being felt
across Saudi and the world, consumers' focus on safety and hygiene has increased
significantly."

As part of this agreement, Zwipe?will?provide biometric technology and?technical
services?to enable GEPCOM to manufacture Zwipe Pay ONE test cards from Q1
2022.?The partners are already jointly engaging with issuers in Saudi with the
aim of launching pilots from Q2 2022 to be followed by full commercial roll
outs.

"In collaboration with Zwipe, we will deliver payment cards that will enable
payments to be completely touch-less through a PIN-free checkout experience for
consumers with much higher security. Our assessment shows that Zwipe Pay ONE
represents the most advanced and high-performing solution and will be the first
mass-market viable platform", said Yousef Ahmed Abed, General Manager, GEPCOM.

Commenting on this partnership,?Ramzi Saboury, General Manager MENA region at
Zwipe, said: "We are very pleased to announce our partnership with GEPCOM in the
Kingdom of Saudi Arabia, one of the most important markets in the MENA region.
We are seeing a strong appetite globally as well as in the Middle East for this
new technology from issuers, processors and cardholders. I am confident that
this partnership will accelerate deployment of biometric cards in Saudi. Zwipe
will be supporting GEPCOM's clients during their launch processes to ensure the
best customer experience and successful commercialization".

###

About GEPCOM

Gulf Printing Products Manufacturers' Factory (GEPCOM) was founded by Mr. Ahmad
Taleb Abed. For over 26 years, GEPCOM has been manufacturing printing products
for all sectors in the Middle-East and the Arab world, leading by example since
its establishment in 1989.GEPCOM was the first to bring plastic card
manufacturing technology to the Arab world and continues on a path of innovation
today, with only the most advanced machines and equipment for the fabrication of
excellent products including cards, envelopes, security forms, adhesive label
rolls, thermal rolls and more. We provide customers worldwide with unmatched
service and transparency and believe in uncompromised quality when it comes to
all our products. GEPCOM is proudly certified by VISA and MasterCard, in
addition to its ISO certification for product quality assurance.

GEPCOM's vision is to become the benchmark of outstanding service across all
industries. We take pride in providing exceptional results in everything that we
set out to do, and work unswervingly to ensure the success of our business.

For further information please contact [email protected]

About Zwipe

Zwipe believes the inherent uniqueness of every person is the key to a safer
future. We work with great passion across networks of international
organizations, industries & cultures to make convenience safe & secure. We are
pioneering biometric payment card and wearables technology, and biometric
technology for physical & logical access control and identification solutions.
We promise our customers and partners deep insight and frictionless solutions
ensuring a seamless user experience with our innovative biometric products and
services. Zwipe is headquartered in Oslo, Norway, with a global presence.

To learn more, visit?www.zwipe.com

For further information please?contact:?André Løvestam, CEO, +47 991
66 135,[email protected]

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Source

Zwipe AS

Provider

Oslo Børs Newspoint