OSLO , NORWAY - 7 MAY 2020 -Q1 2020 Highlights· Zwipe has significantly expanded its efforts towards smart card manufacturers in the last quarter. CEO CommentAndré Løvestam , Chief Executive Officer at Zwipe, said:"Q1 2020 has been an intense quarter for Zwipe. We are seeing growing momentum across the payment ecosystem with increasing investment in supporting biometric payment card deployment. · Average monthly operational cash outflow during Q1 2020 was MNOK 5.9 (5.3), and in line with expectations for the period, compared to MNOK 8.8 in Q4 2019. · The closing balance at end of Q1 2020 was MNOK 54.6 (85.9 by Q1 2019).

Source: The Local May 07, 2020 06:22 UTC