Monthly Archives: August 2022

News

Digi Makes Travelling More Affordable with Expanded Roaming Passes from MYR25

Leave a comment

Digi Telecommunications, one of Malaysia’s largest telcos is making it easier for their subscribers to travel – and more affordable. In light of relaxing pandemic travel restrictions worldwide, subscribers will also be able to get back to their travel plans without the shock of a roaming bill. Digi is expanding its roaming passes to help subscribers have added peace of mind while travelling.

Both Digi Postpaid and Digi Prepaid subscribers can now take advantage of expanded roaming passes from just MYR25. There are now options for 3 days and a week. The Asia Pass is available for MYR25 for 3 days in 20 countries. This pass entitles subscribers to 2GB of data and 30 minutes of voice calls from Asian countries like Indonesia, Thailand and Brunei. Digi is also offering an added 2GB data quota to travellers heading to Indonesia, Singapore and Thailand. This gives you a total of 4GB of data to use during your 3-day trip.

Digi Roaming Asia Pass

If you have a longer trip planned, you can also opt for Digi’s 7-day Roaming Pass for MYR50. The pass gives you the same quota but this time for over 46 countries including Australia, New Zealand and the USA. Digi says it plans to expand the countries included in this plan in the future. It’s worth noting that these roaming passes are for use in a single country when activated. So, you may want to put off activating it until you reach your final destination.

Digi Postpaid customers will be able to Roam Like Home with the Roam Like Home Freedom add-on. This add-on is available with Digi Postpaid 90 and above for free while others can activate it with a payment. Prices for this add-on start at MYR15 monthly. The Roam Like Home add-on has been enhanced to offer 10GB of data, 60 minutes of calls and 60 minutes of IDD voice call. It will be refreshed every month.

Digi’s Roam like Home Freedom add-on, the Asia Roaming Pass and World Traveller Roaming Pass are available on the MyDigi App.

PR Newswire

simPRO Expands Global Footprint with New Office Openings

Leave a comment

simPRO accelerates its international expansion plans with two new office openings in high-growth markets of Singapore and the Netherlands

BROOMFIELD, Colo., Aug. 24, 2022 /PRNewswire/ — simPRO, the global leader in trade business management software, is pleased to announce the opening of two new office spaces in Singapore and the Netherlands. These offices will help accommodate an aggressive global expansion strategy and commitment to growing their customer base around the world.

The two new offices employ six local team members in each location in sales, business development and implementation consultant positions. simPRO also has locations in Brisbane, Australia; Auckland, New Zealand; Broomfield, CO; and St. Ives, UK.

“Our new office locations in Singapore and the Netherlands represent strategic growth of the simPRO brand and cements our global leadership position in trade business software,” said Sean Diljore, CEO of simPRO. “simPRO’s move into these high-growth markets builds on our core mission to help trade businesses that are essential small businesses for communities to grow and thrive.”

The openings of these locations were under development prior to the COVID pandemic which caused simPRO to put plans on hold. This gave them the opportunity to put more time and research into the regions under consideration. It also allowed more time for customer contacts to be made and demand for field management software to grow.

“The delay of the Singapore launch allowed us more time to research and make contacts before we set up an office on Cecil Street,” said Peter Darley, Sr. VP of New Markets, simPRO. “We are now speaking to a number of customers who are excited to have this type of software and be supported by a local entity. The future looks bright for Singapore.”

“simPRO was able to restart the European expansion plan in 2022,” said Sean Sadler, Director, New Markets, simPRO. “The Dutch market is not too dissimilar to the UK market. simPRO’s job management solutions will bring the same benefits that thousands of our UK customers benefit from today. The Netherlands trade businesses’ early adoption of technology will assist in our go to market activities, and the geographical position will allow simPRO to expand further into Northern European countries.”

The Singapore office is located at 20 Cecil Street, #13-01/02, Singapore. The Netherlands office is located at Mindspace, Nieuwezijds Voorburgwal 162, 1012 SJ, Amsterdam.

About simPRO 

simPRO is a global SaaS business providing operations management solutions to trade and specialty contracting industries. With 200,000 users in Australia, New Zealand, the United States, Canada, the United Kingdom and Ireland, its verticals broadly include security professionals, plumbers, electricians, HVAC, solar and data networking.

Led by CEO Sean Diljore and headquartered in Brisbane Australia, simPRO’s cloud-based software is an end-to-end operation solution that streamlines field workflows to maximize workforces and enable business growth.

simPRO has more than 480 employees over six global offices. 

Want to know more about simPRO? Visit our website.

Contact: Jennifer Pringle, Vice President, Brand Mktg
simPRO Software
Phone: 1-303-859-0331
Email: jennifer.pringle@simpro.us

simpro.com.au

Logo – https://techent.tv/wp-content/uploads/2022/08/simpro-expands-global-footprint-with-new-office-openings.jpg

PR Newswire

MultiBank Group announces Record-Breaking Financial Figures for 2021

Leave a comment

With a Daily Turnover of over US$ 12.1 Billion and annual revenue of US$ 189 million

DUBAI, UAE, Aug. 25, 2022 /PRNewswire/ — MultiBank Group, the largest and most regulated financial derivatives broker worldwide, reveals record financial figures for 2021.

MultiBank Group Annual Revenue Growth
MultiBank Group Annual Revenue Growth

The award-winning financial services group announced a record daily turnover of over US$ 12.1 Billion, with a record annual revenue of approximately USD $ 189 million in FY 2021. This was an impressive 35.4% increase from 2020’s results, marking a record-breaking year for the global giant.

MultiBank Group, established in 2005, has an unblemished regulatory record, with over 11 financial regulators and over 25 branches worldwide.

Moreover, the Group continued its strategic focus on developing and investing in advanced trading technologies. MultiBank Group is now in the advanced stages of launching a digital assets exchange fully regulated in Australia, which aims to be the world’s first cross-asset ecosystem aiming to bridge the gap between traditional and alternative finance.

MultiBank Founder and Chairman Naser Taher, who in 2022 was awarded as one of the most 50 Influential Financial Figures in Global Financial Markets, further stated:

“2021 was a monumental year for MultiBank Group, and I am proud of these record-breaking financial figures. Moreover, I am proud to announce that the number of users on our platforms has surpassed over 1 million by the end of the second quarter of 2022. These results are a testament to our commitment to providing our valued customers with advanced, reliable platforms and first-class customer service provided by our over 600 staff globally. These achievements give us continued motivation to increase our investment in our technology and regulatory infrastructure for the benefit of traders worldwide in general and our valued clients in particular. We have high hopes for the second half of 2022 and plan to launch further projects which will fortify our position as a global leader in the market”.

About MultiBank Group:

MultiBank Group was established in California, USA, in 2005. It boasts a daily trading volume of over US $12.1 billion and services an extensive client base of over 1,000,000 customers across 100 countries. The Group has evolved into one of the largest online financial derivatives providers worldwide, offering its valued customers award-winning trading platforms, with up to a 500:1 leverage on products including Shares, Commodities, Indices, Digital Assets, Metals, and Foreign Exchange.

For more information about MultiBank Group, visit https://multibankfx.com/

MultiBank Group Map
MultiBank Group Map
News

Maxis Family Plan Expanded with Faster Fibre for Larger Families

Leave a comment

Maxis is one of the largest connectivity providers in Malaysia. The one mobile-centric company has expanded to include fibre and business solutions over the past few years. Back in 2021, the company introduced a new package for their services which bundled mobile and fibre connectivity for families. The offering brought 30Mbps fibre and mobile connectivity for up to four mobile lines for only MYR299. It was also the most affordable option for connectivity at launch.

The Maxis Family Plan just got a little bit more affordable thanks to two new plans which were silently introduced. The new plans complement their MYR299 plan with faster connectivity and more lines. The new Maxis Family Plan for 6 comes with 6 lines with unlimited data and with a 100Mbps fibre connection for MYR399. Still need more? The new Maxis Family Plan for 8 comes with 8 lines with unlimited data and 300Mbps fibre connection for MYR499. All plans comes with a zero downtime guarantee as Maxis uses its own 4G network as a fallback.

image 5
The New Maxis Family Plans (Source: Maxis Malaysia)

The website updates come as Maxis launches their new fibre campaign featuring a new, adorable green dinosaur mascot. Their new mascot unlocks the possibilities that come with connectivity at home. The green dino makes its adorable debut in a campaign video you can find on Maxis’s official YouTube Channel.

Sweet Home, Magical Joy | Maxis Home Fibre

Aside from the new plans, Maxis offers fibre connectivity independently via its Maxis Fibre Broadband service. Plans for Maxis Broadband start at MYR89 for 30Mbps and caps out at 800Mbps for MYR499. Subscribers can also take advantage of Zerolution packages for new devices including Samsung OLED TVs and even a PlayStation 5 form as low as MYR1 a month.

PR Newswire

Building a Magnetic Field Attracting Global Resources, Jing’an Leads the Race for Accelerated Open Economy

Leave a comment

SHANGHAI, Aug. 24, 2022 /PRNewswire/ — Recently, Jing’an District has initiated the “Aiding Foreign Investment, Forging Partnership” plan and signed cooperation contracts with Shanghai-based chambers of commerce from the US, the UK, Germany, Italy, Spain, Japan, Australia, etc. The plan is expected to bring more production factors to Jing’an, including people, capital, information, according to Commerce Commission of Jing’an District. Jing’an converses with the world and polishes its brand of investment as those factors gather and interlink in Jing’an.

Since the beginning of this year, Jing’an has strengthened the high-quality development of economy and made an effort to bring in foreign enterprises with a focus on agglomeration and influence. Lately, four cutting-edge designer brands — Maison Margiela, MARNI, JIL SANDER and AMIRI, belonging to the Italian luxury conglomerate OTB, have set up office in Jincang Wenhua Plaza. The acceleration of foreign investment shows the resilience, vitality and potential of the open economy of Jing’an.

Jing’an continues to improve its business environment and pushes forward the comprehensive renewal of the city. Lately, a group of newly-built commercial buildings have made their first public appearance together. They are located in the Suhewan Business Belt and Middle-ring Winger District, providing nearly 1,000,000 square meters of office space. The project is considered a fine complement to West Nanjing Road, which is also known as “the No.1 commercial street in China“. The project will further broaden the horizon of the “Jing’an new-buildings economy development” plan. Foreign enterprises will benefit from the plan in terms of function and energy level. The plan will also fill with power the fast-concentrated development of the “six industries of Jing’an”, which are commercial services, financial services, professional services, data intelligence, cultural innovation, life and health, so that enterprises will achieve significant development.

Cision View original content:https://www.prnewswire.com/news-releases/building-a-magnetic-field-attracting-global-resources-jingan-leads-the-race-for-accelerated-open-economy-301611494.html

Business, Lifestyle, Mobile, News

Malaysia Gets to Try WhatsApp Communities First

Leave a comment

A few months back WhatsApp announced that they were launching a new major feature that could make the platform a powerful one for organisations and communities It is also fittingly called Communities. WhatsApp made the announcement back in April 2022 and teased it as a “coming soon” feature. Months later, Communities might finally be a reality. As with any other major features platform providers want to release, they have to go through their testing phase first, WhatsApp included.

While it may seem odd, WhatsApp is one of the most popular, if not the most popular, communication platform in Malaysia. While other countries still rely on the regular messaging app, WhatsApp is a mainstay in Malaysia and is the preferred communication tool of the nation. It is not just personal communication that relies on WhatsApp in Malaysia, companies and organisations rely on WhatsApp Groups to get messages across, essential team communications, and even announcements going.

The reliance and usage patterns for the platform in Malaysia makes it the perfect test bench and sample pool for WhatsApp communities.

Press Note Malaysia gets early access to WhatsApp Communities 2
Source: WhatsApp

As per the announcement back in April, Communities will be a powerful tool for administrators looking to run multiple groups in their organisations. It allows an admin to include and exclude groups in a single Community group. At that, it also allows admins to start smaller and more controlled conversation groups within the community itself with select members. Communities allows admins to send a community wide announcement if the need arises. At the same time, only the admin has the power to invite members into the community and its groups, also to remove members when they deem necessary.

There are other features that are being added as well with WhatsApp Communities. To be fair, these are improvements done for WhatsApp Groups. Some of the improvements have been introduced before Communities in preparation for the arrival of the new feature too. Reaction, for example, was introduced so users can quickly react to messages via emoji without flooding group chats with new messages and drown the messages out. Group admins can also remove messages from chats for everyone in the group, if they deem it to be problematic. File sharing limit has been pushed to 2GB for more versatile collaboration efforts. Voice calls can now include up to 32 users while you can now mute other people in the call just to ensure that discussions and presentations can go on without distractions. WhatsApp Groups has also increased its member limit from 256 members to up to 512 members. If you wish to leave groups, you can now do it silently, only notifying group admins.

Currently, WhastApp’s Communities is being tested by Gabungan Anak-Anak Palsi Serebum (GAPS) community and Entrepreneurs and Startups in Malaysia communities. It is rolling out to select users in Malaysia currently. It will eventually be available for all WhatsApp users in Malaysia. For the latest updates on WhatsApp and its features you can visit their blog.

Accessories, Business, Computers, Lifestyle, News

LG’s DualUp Monitor Ergo is not Here, But Not for Games

Leave a comment

Whenever manufacturers shout about their new monitor products recently, it is always about gaming and their new monitors are made for them. Products made for the creative professionals and productivity are not hard to find. They just rarely get attention these days. Manufacturers tend to quietly add new monitors to their line-up because of that.

LG’s new monitor deserves attention though. Not it is not some breakthrough thoroughbred with some exclusive display tuning that makes it the brightest most clear display on the market. Technically, there is nothing new about the monitor. The display panel is the same type as most displays out in the market currently. There is something different about this monitor though; it is shaped rather differently from other monitors you can find in the market.

No, it is not a round display, nor is it a pentagonal shaped monitor. There are still four sides to make it a rectangle, just not the regular display rectangle. It boasts an aspect ratio of 16:18, which also means that it is a tall display, and it is almost square-ish in shape.

LG DualUp Image 4
Source: LG

If you think about it, the display size is really a combination of two 16:9 displays stacked on top of each other. This form factor also eliminates the bottom bezel of the top display when you stack it up. The design is not without its reasons though.

The expansive LG DualUp Monitor Ergo display comes with LG’s Nano IPS panel that should offer vibrant colours and excellent contrast ratio. Important when you are going to be using it most of the day for work. The panel boasts dual QHD resolution (2,560 x 2,880) for good measure too. In that sense, movies should look excellent on it, save for the two very large black bars you will get when you watch movies on the display the size of two 21.5-inch displays stacked on top of one another.

LG DualUp Image 2
Source: LG

The design of the DualUp Monitor Ergo is such to save as much desk real estate as possible. It is also the most ergonomic way of working with two displays, since you do not really have to turn your neck or body around to read through your documents or scroll through emails. At the same time, you get more real estate for your documents, which is always nice. On top of that, to reduce the strain on your neck even more, the LG DualUp Monitor Ergo comes with LG’s Ergo Stand that mounts and clamps directly on the table for not just more desk real estate. It also allows you to swivel and position your display in any configuration you prefer or can think of.

The LG DualUp Monitor Ergo comes with HDMI and DisplayPort inputs. It also packs USB Type-C thunderbolt and display port for an added versatility for the modern thin-and-light laptops. There is also USB 3.0 ports for you to work with. You can even rely on its two 7W built-in speakers with WavesMaxxAudio to enjoy music.

To protect your eyes, the LG DualUp Monitor Ergo comes with built-in ambient LightSensor to automatically adjust the display’s brightness accordingly. Live Color Low Blue Light also ensures that blue light emissions are reduced. To allow for a more flexible working environment, the monitor also packs a Picture-by-Picture mode to divide your area of work on the display real estate.

  • LG DualUp Image 1
    Source: LG
  • LG DualUp Image 2
    Source: LG
  • LG DualUp Image 3
    Source: LG
  • LG DualUp Image 4
    Source: LG

The LG DualUp Monitor Ergo is now available via LG’ authorized retailers nationwide or their online stores on Shopee and Lazada. It will set you back MYR 2,948, which is still considered rather premium. You are getting LG’s Ergo Stand though, and you are investing in an ergonomic set up for long term use case. For more information on the LG DualUp Monitor Ergo display, you can check out LG’s website.

PR Newswire

GWEICH focuses on new middle-class families in Southeast Asia to create a clean home environment

Leave a comment

JAKARTA, Indonesia, Aug. 24, 2022 /PRNewswire/ — With the rapid development of Southeast Asia’s economy, more and more new middle-class families put forward higher requirements for the quality of home life. New middle-class families in Southeast Asia have been looking forward to the emergence of smart products that are completely clean and easy to operate, so as to improve their quality of life.

New home appliance brand GWEICH has a keen insight into the needs of Southeast Asian consumers. GWEICH intelligent household vacuum cleaner series is planned to officially enter the Southeast Asian market in August this year with its industry-leading bionic science and technology and humanized experience design.

GWEICH intelligent household vacuum cleaner series
GWEICH intelligent household vacuum cleaner series

Cleaning demand upgrading · Innovative technology

With the increasing enrichment of modern home life, such as fitness, cooking, entertainment and reception, more and more new middle-class women in Southeast Asia begin to pay attention to the invisible dust in the home environment.

GWEICH laboratory has found that allergens such as particles and dust mites in the air are not only from daily living areas such as carpets, sofas and mattresses, but also from the most common household vacuum cleaners. Traditional household vacuum cleaners will produce dust in the cleaning process, and these imperceptible small dust will not only aggravate indoor air pollution, but also easily induce a variety of human diseases and pose a threat to people’s health.

Weichel Geller, founder of GWEICH, said: “With the increasingly diversified development of new middle-class household lifestyles, cleaning is no longer limited to the surface, but more attention is paid to the thorough cleaning effect. GWEICH adopts the Suction Principle (bionic cleaning technology), combined with the whole machine sealing and 7 filtration system, which can efficiently absorb and filter the micro dust and allergens, and truly reduce the secondary pollution in the cleaning process. “

American style free life · Multi scene care

Disassembly drawing of GWEICH intelligent household vacuum cleaner series accessories
Disassembly drawing of GWEICH intelligent household vacuum cleaner series accessories

The daily cleaning of new middle-class families covers many aspects, such as the ground, high places, corners and gaps, all of which should be thoroughly cleaned. Based on the new middle-class women’s constant pursuit of “High-quality life”, GWEICH is committed to providing all women who want to be liberated from housework with a pleasant and efficient housework experience through humanized design.

GWEICH wireless vacuum cleaner equipped with multiple suction heads and accessories can thoroughly clean all corners of the home and improve cleaning efficiency:

  • Electric soft fur floor brush: protect the ground and remove dirt easily
  • Gap cleaning suction head: clean the dust in the corner, suitable for a variety of dead corners
  • Wide mouth soft wool dual-purpose suction head: adjustable and telescopic, suitable for cleaning various surfaces
  • Super long holder and light body: easy to clean the top of furniture and ceiling
  • Front LED lamp: no blind area for cleaning

As an advocate of free lifestyle, GWEICH creates a quality life for the new middle-class families in Southeast Asia through cutting-edge technology, and realizes the dream of more female users’ comfortable American middle-class lifestyle.

GWEICH, essentials for free lifestyle.

GWEICH official website: https://www.gweich.com

CONTACT: yang.shao@jetcommerce.cn

PR Newswire

LiveHire and CrintellTech Announce Strategic Integration to Automate Candidate Sourcing and Streamline the Recruiting Life-Cycle

Leave a comment

MIAMI and CHEYENNE, Wyo., Aug. 23, 2022 /PR Newswire/ — LiveHire Ltd. (ASX: LVH), a global software-as-a-service (SaaS) Total Talent Acquisition platform that helps companies connect with and hire the talent they need, and CrintellTech, an AI-driven recruitment intelligence platform that automates candidate sourcing, announce their strategic integration to transform the recruiting life-cycle.

Today’s market for talent is tight and sourcing talent can be one of the most time consuming parts of a recruiter’s job, accentuating the need to reach out to passive candidates in addition to active candidates in order to meet hiring needs.

Companies using LiveHire to source and hire candidates can now automate their process for sourcing and engaging with passive candidates from job board databases and professional networks by leveraging the strategic integration to CrintellTech. The CrintellTech Chrome App/Extension provides two products for the sourcing of external candidates passing them directly into LiveHire; “Eva” and “Assist”.

With “Eva”, LiveHire recruiters can pass the details of a job or sourcing requirement directly to Eva, allowing Eva’s AI to source their desired number of candidates from integrated job board profile databases and then send emails and text messages to candidates to confirm their interest in applying. Eva’s AI automatically exports candidates to LiveHire and updates their status based on their responses.

With “Assist”, recruiters can export suitable candidates they find while on job board profile databases or professional networks straight into LiveHire, assigning them to jobs and including notes about why they think the candidate is a good fit. Furthermore, Crintell Assist can save recruiters time and money by identifying candidates that have already exported to LiveHire, thereby reducing the cost of external sourcing.

Once imported into LiveHire from CrintellTech through Eva or Assist, hiring teams on LiveHire can engage with candidates by leveraging workflow automations and native two-way email and text messaging all the way through to hiring, helping hiring teams deliver award-winning candidate experiences and outstanding recruitment outcomes.

“We are excited about the LiveHire integration with Crintell Technologies and our ability to accelerate the flow of qualified candidates and recruiter productivity,” says Christy Forest, LiveHire CEO. “LiveHire’s Total Talent Acquisition Platform (ATS + CRM) paired together with CrintellTech will streamline and modernize the hiring process and ultimately deliver a better candidate experience.”

“We are excited to be a part of this strategic partnership with LiveHire. I believe our technologies complement each other and aim to bring in quality candidates and greatly improve recruiter productivity.” says Arbind Joseph M, Founder and CEO of Crintell Technologies.

About LiveHire

LiveHire is a globally-leading recruitment and contingent direct sourcing platform – enabling clients to attract and engage both permanent employees and contingent workers to deliver Total Talent and Direct Sourcing solutions. LiveHire offers an award-winning candidate experience and provides talent-on-demand through its unique talent pooling and 2-way text messaging functionality, having successfully enabled end-to-end recruitment from sourcing through to hire of diverse workforces for over 200 clients across 20 verticals globally. For more information, visit https://www.livehire.com/

About CrintellTech

CrintellTech is an AI-driven recruitment intelligence platform that automates resume searches and transforms the recruitment process. The founding team at Crintell has decades of hands-on experience in staffing and recruitment and understands the conundrums faced by recruiters and employers. Crintell knew there was a need for a simple yet powerful solution that would facilitate and empower recruiters to do a better and more meaningful job. Crintell was birthed to provide better resolution to these issues and create measurable impact to the entire recruitment life cycle.

Cision View original content:https://www.prnewswire.com/news-releases/livehire-and-crintelltech-announce-strategic-integration-to-automate-candidate-sourcing-and-streamline-the-recruiting-life-cycle-301610422.html

PR Newswire

Zwipe H1 2022 results – healthy commercial momentum

Leave a comment

OSLO, Norway, Aug. 23, 2022 /PRNewswire/ —  Zwipe AS (“Zwipe” or “the company”) today announces its results for the first half 2022.

Operational highlights

  • Visa certifies Zwipe Pay Biometric Payment Card (“BPC”) Platform and issues Letter of Approval (“LoA”) to Zwipe.
  • Beautiful Card Corporation (“BCC”), TAG Systems and Inkript obtain Visa LoAs for their own card built on the Zwipe Pay platform.
  • Fraport AG, providing operational services to 31 airports globally, selected Zwipe Access as one of two solutions to test in a pilot of next generation access control solutions at Frankfurt Airport.
  • Zwipe Access platform was successfully integrated with LEGIC and HID solutions to provide seamless end-to-end biometric card-based access control security to enterprises and facilities.
  • Seven new issuers across Germany, India, the Middle East and Africa signed up with Zwipe to launch pilots.
  • Placard, the largest payment smart card supplier in Australia and New Zealand, selected the Zwipe Pay platform for delivering biometric payment cards to banks in the region.
  • Significant organizational development with Robert Puskaric joining as the new CEO in June, Danielle Glenn as the new CFO in May and Patrice Meilland as the new Chief Strategy and Product Officer in April.

Financial highlights

Review

In H1 2022, we signed seven new issuers for Zwipe Pay, from Germany to India and across the Middle East. All of them are planning pilots with our card manufacturing partners, although we have learned that pilot preparation is taking longer than previously expected. We also expanded our global delivery capabilities and market reach by signing one major SCM and onboarding two leading personalization solution providers as go-to-market (“GTM”) partners.

Zwipe is pursuing an “execution first” approach focusing on launching announced pilots. In total, seven issuer pilots are progressing with good pace and according to issuer plans. Additional pilot launches are expected in the coming quarters, with launch dates entirely dependent on issuer decisions. We are also focused on “execution first” with our SCM customers – getting all certified and ready for mass volume production. While these remain our top priorities, Zwipe continues expanding our customer and issuer pipeline – critical to our medium-term success.

In March, Zwipe completed the certification process with Visa and obtained the Visa LoA. This certification marks a major milestone towards commercialization of Zwipe Pay and was followed by Visa LoAs obtained by lead customers BCC, TAG Systems and Inkript. This list is expected to grow significantly going forward. Zwipe has successfully completed additional testing with third party laboratories that should ease additional payment scheme certifications.

It is undeniable that market takeoff of biometric payment cards has been slower than envisioned. BPC volumes deployed are expected to remain fairly low into 2023, before growing exponentially thereafter.  Zwipe is not immune to the delayed market takeoff, but our customers and partners remain committed to launching pilots and commercial propositions, even if somewhat later than originally planned. Furthermore, consumer demand for BPCs remains strong with 82% of individuals surveyed by Zwipe saying that they want their next card to be biometric and 60% saying they would consider switching to banks who offer biometric cards. Importantly, most third-party research continues to point to BPCs accounting for 15-20% of total EMV units shipped by 2030 (estimated at 3-4 billion units), highlighting just how large the market potential remains.

For Zwipe Access, we now have a healthy and growing list of opportunities within the data center and airport verticals as well as other security sensitive customer segments. The growing number of requests for Zwipe Access solutions is driven by increasing demand for stronger data privacy, higher security and better user experience. Indeed, Zwipe was recognized by Fraport, operating 31 international airports globally, as a potential provider for next generation security solutions at their airports.  Fraport’s initial trials have now been completed and they are evaluating possible next steps.

There were substantial changes in the executive management team at Zwipe during the first half, with three of the six-member C-suite newly joining the company – strengthening leadership, bringing industry expertise and positioning Zwipe well for the future.

Financial review

Zwipe reported total revenues of 0.8 mNOK during H1 2022 versus 1.4 mNOK in H1 2021. On an adjusted basis, total operating expenses increased by 13.3 mNOK to 48.4 mNOK in H1 2022 versus H1 2021.  The majority of this increase was due to personnel expenses, which increased by 9.1 mNOK to 25.9 mNOK in H1 2022 versus H1 2021. Of the 9.1 mNOK, 5.5 mNOK were one-off costs related to former executives leaving the company. The remaining increase in personnel expense is largely due to an increase in headcount by 13 people to meet the strong demand for the company’s solutions and to prepare for piloting and deployment of our card payment solutions and services.

Zwipe’s cash position remains strong, with cash and cash equivalents at 109.7 mNOK on 30 June 2022.

Total equity as of 30 June 2022 was 108.8 mNOK resulting in an equity ratio of 89%, roughly stable versus the position at the end of the first half of 2021.

The way forward

Zwipe is progressing well in many important areas even if the market for biometric payment cards is developing at a slower pace than expected. Operating expenses and headcount are not expected to increase substantially in H2 vs H1 2022 nor at the pace expected at the start of the year. Zwipe will, however, continue to invest intelligently – particularly in its people and technology.

For Zwipe Pay, second half priorities will center on pilot deployment with issuers, assisting SCMs in becoming mass production and delivery ready, and continuing to expand our customer and issuer pipeline.  Further developing the dedicated customer project management function and standardized blueprint to improve pilot execution will be a key focus during H2 2022.

Going forward, Zwipe Access is expected to contribute a larger part of revenue than previously assumed.  The pipeline for Zwipe Access is healthy and growing with prospects within the data center and airport verticals as well as other security sensitive customer segments.

Results presentation

CEO Robert Puskaric and CFO Danielle Glenn will present the H1 2022 results by webcast tomorrow, Wednesday August 24th, at 09:00 CEST.

Webcast details

Format: Webcast, Conference Call and Q&A

Language: English

Link: https://q4-emea.wavecast.io/zwipe-as/h1-2022-operational-update

Dial-in numbers:

  • Norway – +47.57.98.94.30   
  • Sweden – +46.8.505.246.90
  • Sweden – Toll-Free- +46.20.0123749
  • United Kingdom – +44.20.3481.4247
  • United Kingdom – Toll-Free- +44.800.260.6466

Participants will be required to register to view the webcast and participate in the Q&A

This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. 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 12:15 on 27 June 2022.

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 and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and 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 http://www.zwipe.com.

For more information, please contact:

Danielle Glenn, CFO and Head of IR
+47 909 98 201
danielle@zwipe.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/zwipe-as/r/zwipe-h1-2022-results—healthy-commercial-momentum,c3617983

The following files are available for download: