Zwipe, Easy Pay and KL HI-TECH to pilot Biometric Payment Cards in India

27 Dec 2021 08:15 CET

OSLO, NORWAY, HYDERABAD and PUNE, INDIA - 27 DECEMBER 2021 - Zwipe, KL HI-TECH
and Easy Pay can confirm that they will pilot biometric payment cards in India,
aiming for commercial launches by summer 2022. Easy Pay is one of the fastest
growing payment brands in India whose services are used by over 2 million retail
stores and millions of consumers. Zwipe is a fintech pioneering the development
of next generation biometric payment solutions.

Founded in 2014, Easy Pay has grown rapidly to become a leading payment brand
for merchants and consumers in India. "Paisa Nikal" is an AADHAR Enabled Payment
Service (AEPS) which has been ideated and executed by Easy Pay allowing hassle
-free and safe transactions for millions of users. In 2020, it processed payment
transactions worth USD 8.4 billion (expected to reach USD 12 billion in 2021).
Easy Pay has now decided to issue next generation biometric payment cards in
collaboration with Zwipe and KL HI-TECH, Zwipe's manufacturing partner in
India.

Speaking on this development, Nilay Patel, Founder & CEO of Easy Pay said, "We
are very pleased to bring the next generation contactless cards to India,
enabling world-class security, safety and experience for our customers. We see
many use cases for biometrics beyond payments, for example access cards for use
in hotel chains, as well as high-end real-estate and smart city projects where
we have long term contracts and a demanding client base. Following internal
tests and external pilots we aim for commercial launches of biometric payment
cards during summer of 2022."

Besides the core biometric card technology, Zwipe will also support Easy Pay
through all stages of the pilot ensuring that end users' experiences and
feedback are systematically captured and impact on business case thoroughly
assessed.

André Løvestam, CEO of Zwipe said, "We are proud to confirm our first pilot in
India, one of the world's largest and fastest growing payment markets. Easy Pay
has been a pioneer in driving innovative payment services and biometrics will
enable them to further drive differentiation based on security, safety, and user
experience. We are delighted that our card manufacturing partner, KL HI-TECH, is
part of this exciting journey which we very much look forward to pursuing
together".

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About Easy Pay

Easy Pay is an emerging Payment Solutions Company which is creating its own
niche in the Fintech Industry. Formed by highly professional and technological
advanced team members and backed by strong corporate ethics. The team works in
bridging solutions mainly in the area of payments and bio-metrics. It is India's
upcoming payment domain that facilitates all kinds of payments for everyone and
everywhere under one umbrella.

Paisa Nikal is an AADHAR Enabled Payment Service (AEPS) which is ideated &
executed by Easy Pay which allows quick, hassle-free & safe transactions. This
futuristic model is designed to empower retailers for making digital
transactions fast & automated. We're offering comfort & convenience to both the
retailers and consumers. Moreover, it even extends electronic payment services
to large social strata of customers that do not have the means to pay
electronically. It even manages payments for multiple institutional clients and
provides them with innovative solutions for business expansion.

This unique business model allows facilitating payments with multiple modes such
as cash, card, cheque, net-banking, e-wallet & etc. With much pride &
enthusiasm, we're vigorously contributing to the #DigitalIndia Campaign!

Website: www.easypay.in

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 next-generation biometric card and wearables technology for both
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 zwipe.com For further information please contact: André
Løvestam, CEO, +47 991 66 135, info@zwipe.com

About KL HI-TECH

KL HI-TECH Secure Print Limited (KLHT) is a leading provider of secure print
products and printing solutions. Commencing its operations in 1988, KLHT has
played a pioneering role in enabling secure payment transactions, banking
services and facilitating tele communications in India through its secure print
products. At its sprawling state-of-the-art highly secure manufacturing facility
located in Hyderabad, the company operates using stringent global standards that
are required to manufacture a range of security printing products. The company
is certified by Visa, Mastercard & RuPay (National Payments Corporation of
India). As per the Nilson Report (2020) KL HI-TECH is the 2nd largest banking
card manufacturer in India and 31st largest banking card manufacturer in the
world.

KLHT's business ideology revolves around the prime objective of providing
comprehensive, fool-proof security in critical secure print products. KLHT plays
a pivotal role by manufacturing products for Banks and Financial Institutions,
Central and State Governments, Educational Boards and Institutions, Telecom
Sector, Nationwide Election Commissions and Transport Sector.

Exporting to over 52 countries across the Globe, KLHT aims to become one of the
leading suppliers of secure print products globally, whilst also pioneering
innovation and change to the way payments are made in India and across the
globe.

For further information please contact Kartik Shekar, VP -
Projects,?kartik@klhitech.com, +91 8008 188?466

More information:
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