OSLO, NORWAY and KUWAIT CITY, KUWAIT - 23 May 2023 - Kuwait International Bank
(KIB) takes the lead worldwide as the first commercial launch of biometric
payment cards based on Zwipe's platform. This innovative card will be offered to
the elite VIP clients of the bank under the Visa Infinite Black product.

KIB is a public quoted bank operating since 1973 with around 20 branches across
the country. The bank is amongst the fastest growing in Kuwait and always
striving to make available for its clients the innovative financial solutions
that best serve their needs.

As part of this collaboration, Zwipe will deliver its Zwipe Pay solution for
biometric payment cards, approved by VISA. This is the result of many years of
developments and pilots conducted across several geographies in the past years.
The cards will be produced by Inkript, one of the partners of Zwipe in the
region.

According to Deema Al Mulaifi, Assistant General Manager of Operations at KIB,
"KIB prides itself as a progressive Islamic bank that continues to offer its
customers a unique banking experience enhanced by additional convenience and
security. We are pleased to announce that our Black Banking segment customers
can now enjoy innovative technology through the new biometric card, which is
designed to provide convenience and ease of access with a high level of security
against fraud attempts. The ability to continue delivering on-demand, tailored
and innovative products and services to our customers is a unique mark that
distinguishes KIB from others."

"The Biometric Card feature has the potential to provide our customers with a
new method that adds value to their lifestyle as they can request the Visa
Infinite card and activate the fingerprint to make POS transactions with great
ease. In addition to this secure and simple payment solution, which is in line
with the Bank's new authentication system, the Bank's Black Banking segment
customers enjoy a range of other premium banking benefits and exclusive
rewards," added Al Mulaifi.

Speaking on this partnership, Shashank Singh, Vice President and General Manager
for Kuwait and Qatar at VISA said, "Visa is committed to developing and
investing in emerging capabilities such as biometrics for the benefit of
consumers. That's why we're delighted to partner with Kuwait International Bank
and Zwipe in bringing this innovative biometric card to consumers in Kuwait who
can now enjoy a seamless, secure payment experience."
Ramzi Saboury, General Manager for the MEA Region at Zwipe said, "We are proud
and hounored that the latest generation of biometric cards based on Zwipe's
solution is commercially launched in Kuwait by KIB, taking the lead globally
with this initiative. We appreciate the trust in Zwipe Pay that KIB has
demonstrated by reaching this milestone. Visa also has been a key player and
partner all the way, until the launch today. Zwipe Pay is providing best user
experience from enrolment to payment, ensuring high level of security while
protecting biometric data privacy."


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About KIB
Incorporated in 1973 and originally known as Kuwait Real Estate Bank, KIB made
the transition to its current Islamic operating model in 2007. In 2018, KIB
embarked on a new phase of its journey full of innovation and development. As
part of its new strategic direction, the bank focuses on offering a next-level
customer experience under the slogan: "Bank for Life". Through a network of
branches spread across the State of Kuwait, KIB offers a broad range of banking
products and services, as well as innovative digital banking solutions in line
with international best standards.
About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions
between consumers, merchants, financial institutions and government entities
across more than 200 countries and territories. Our mission is to connect the
world through the most innovative, convenient, reliable and secure payments
network, enabling individuals, businesses and economies to thrive. We believe
that economies that include everyone everywhere, uplift everyone everywhere and
see access as foundational to the future of money movement.
To learn more, visit visamiddleeast.com/blog and follow
@VisaCEMEA (https://twitter.com/VisaCEMEA)
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 www.zwipe.com