OSLO, NORWAY and KUALA LUMPUR, MALAYSIA - 16 February 2022 - Modularsoft,
Malaysia's leading full service smart card company, has entered into a
partnership with fintech Zwipe to enable banks in Malaysia to deploy the next
generation of biometric enabled contactless payment cards.

Modularsoft (also known as Modular) has been a leader in the smart card industry
in Malaysia since 2007.  As a fully certified provider of smart cards to the
majority of Malaysian banks, Modular continues to drive innovation and bring new
levels of service to the industry. Its customers include banks, fintech
companies, educational institutions, insurance, healthcare and telecommunication
companies across Malaysia. With the Zwipe Pay platform, Modular will further
strengthen its product portfolio with this new innovative biometric card
technology that is both user-friendly and highly secure.

Speaking on the collaboration, Haleelur Rahman AG, General Manager Modularsoft,
said, "We are excited about the opportunities that biometric payment cards bring
to us and our issuer clients. The biometric card platform provided by Zwipe
combines a number of break-through technologies and drives us forward into the
next generation of payment cards. We believe that highly secure and touch-less
payment cards will create a very compelling proposition for banks and consumers.
Our collaboration with Zwipe will provide differentiation and visible commercial
value to our customers.".

As part of the collaboration, Zwipe will provide Modular with technical and
commercial support to drive the implementation of Zwipe Pay biometric cards,
including a range of value added services for issuers. The cards will be
manufactured by one of Zwipe's certified smart card manufacturers in the region.
The partners will engage with issuers and enterprises across Malaysia with the
objective of deploying pilots and full commercial rollouts.

Commenting on this partnership, André Løvestam, Chief Executive Officer at
Zwipe, said: "We are very pleased to announce our partnership with Modular,
Malaysia's leading card bureau and a highly trusted brand in delivering payment
cards and personalization solutions to issuers in Malaysia. I am confident that
this partnership will lead to multiple commercial launches of Biometric Payment
Cards and I look forward to a very successful long term relationship between our
companies."




                                  ###

About Modular

Modular is the leading player in the region within the smartcard industry,
specifically in the banking and finance domain. The group gained recognition and
credibility by successfully implementing the government initiative of enabling
all banks to migrate from magnetic strips to chip based ATM cards