Crunchfish have today released Digital Cash 2.2 enabling consecutive offline payments, in which the payer and payee exchange a transaction offline, and the payee can immediately spend the received funds in another offline transaction without going online. This feature may be the most desirable approach for CBDC given its resemblance to the properties of cash.

Consecutive offline payments allow the payee to immediately spend the received funds in an offline context, without having to go online to settle the transaction. This is desirable as it mimics real cash which can be transferred without requiring online connectivity. Several properties are available to control the consecutive offline payments feature, as it may be required in CBDC schemes and/or according to bank policies. Such properties include e.g. how much funds can be transferred and how many consecutive hops are allowed.

Besides the consecutive offline payments feature, Digital Cash 2.2 also includes improvements in certificate management such as verifier certificate revocation and re-key triggering of wallet certificate, general improvements and minor bug fixes. The Digital Cash 2.2 version is based on the Digital Cash 2.1 release that implements trusted payments over telecom.

“We are very proud to be able to release Digital Cash 2.2 to the market which includes some highly requested features, including support for consecutive offline payments and improvements in certificate management. Being able to provide secure consecutive offline payments in software is key to drive resilience, scalability and privacy.”, says Rutger Petersson, R&D Director at Crunchfish Digital Cash.

The Crunchfish Digital Cash 2.2 SDK is available for customer download through the Crunchfish developer portal.

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

This information was provided by the contact person above for publication on 7 July 2023 at 12:00 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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As a result of the successful RBI pilot project to enable offline payments with Digital Cash, Crunchfish today entered a commercial license agreement with IDFC FIRST Bank in India. Integration of Digital Cash is ongoing and release of an IDFC FIRST Bank payment app with support for Digital Cash is planned for Q3.

The RBI pilot, to provide support for offline retail payments to the payment ecosystem of India based on the Digital Cash platform, concluded during May. The pilot was a great success, pre-defined targets on number of users and transactions were exceeded and user surveys came in very positive. Based on the successful pilot, Crunchfish and IDFC FIRST Bank have now entered into a commercial license agreement. IDFC FIRST Bank have licensed both Digital Cash offline, for full offline transactions in proximity, as well as Digital Cash telecom, which enables PPI on UPI payments using the telecom network if the payer lacks internet data connectivity.

Crunchfish and IDFC FIRST Bank are working closely together on integration of Digital Cash into IDFC FIRST Bank’s payment apps. First release to IDFC FIRST Bank customers is planned for Q3. Initial use case will be to enable offline UPI payments using Digital Cash telecom.

The 3-years license agreement includes an upfront fee covering the first batch of users, as well as support and maintenance on the Digital Cash SDK. Additional user fees will be added as the Digital Cash functionality is rolled out to the IDFC FIRST Bank user base.  

“Signing our first Digital Cash license agreement is a great milestone and shows that Digital Cash is ready for commercial deployment. IDFC First Bank is an early adopter and will pave the way for other banks, both in India and the rest of the world. We are very delighted to now enter a new phase for the company.", says Joachim Samuelsson, Crunchfish’s CEO.

About IDFC FIRST Bank – IDFC FIRST Bank
IDFC FIRST Bank was formed by the merger of erstwhile IDFC Bank, promoted by renowned infrastructure financing institution IDFC Ltd. and leading technology NBFC, Capital First. The bank believes in making customer-first products and was the first universal bank to offer monthly interest credit on savings accounts, first bank to issue life-time free credit cards with no minimum spend conditions, first bank to offer dynamic and low APR rates, evergreen rewards points, and many other such interesting products.

The Bank’s vision is to build a world class bank in India, guided by ethics, powered by technology, and to be a force for social good. Our mission is to touch the lives of millions of Indians in a positive way by providing them high-quality banking services.

IDFC FIRST Bank, has a balance sheet of Rs. 2,21,374 crores and serves customers across the length and breadth of the country.

The Bank has expanded to 707 branches, 253 asset service centers, 867 ATMs and 578 rural business correspondent centers across the country, a next-generation net and mobile banking platform and 24/7 Customer Care services. IDFC FIRST Bank is committed to bring high-quality banking at affordable rates to India. The Bank also offers high quality technology-enabled corporate banking solutions, contemporary cash management solutions, fleet card and FASTag solutions and wealth management solutions.

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

This information is Crunchfish AB obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person above for publication on 29 june 2023 at 12:00 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Offline payment interoperability was the topic of the webinar in the series Enabling offline payments in an online world to discuss the 4th white paper – A practical guide for offline payment interoperability, that Lipis Advisors released in partnership with Crunchfish. A panel discussion with participation from IDFC First Bank, Lipis Advisors and Crunchfish followed the presentation of the white paper.

The webinar started with Anurag Dubey and Bonni Brodsky, Payment experts at Lipis Advisors presenting key insights of the offline payment interoperability white paper, followed by moderated Q&A with a panel and the audience. In the panel for the webinar were Sunil Karkera Product Director at IDFC First Bank, Joachim Samuelsson CEO at Crunchfish and Anurag Dubey and Bonni Brodsky from Lipis Advisors. The webinar was moderated by Johan Wester.

The recording of the webinar discussing offline payment interoperability is now available.  All previous webinars are available on our website and  YouTube channel. Subscribe to never miss when we publish new episodes.

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

The information was provided by the contact person above for publication on 12 May 2023 at 13:30 CET.  Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Lipis Advisors in partnership with Crunchfish released today the fourth white paper in the series “Enabling offline payments in an online world” with the title “Interoperability “. A webinar covering the key insights of the whitepaper will be held tomorrow morning streamed live at 8 am CET / 11.30 IST.

This whitepaper will be followed up with a webinar streamed live on June 16th at 8 am CET / 11.30 IST. Watch the video trailer for this webinar and register following this link. The webinar will be live streamed on Zoom and LinkedIn, it will also be recorded. All webinars in the series are available here.

The webinar will start with a short presentation of the white paper, followed by moderated Q&A with a panel and the audience. In the panel for the fourth webinar is Anurag Dubey payment expert at Lipis Advisors, Sunil Karkera Product Director at IDFC First Bank and Joachim Samuelsson CEO at Crunchfish. The webinar is moderated by Johan Wester.

The previous three white papers in the series Enabling offline payments in an online world focused on offline payment design, security and privacy. All webinars in the series are available here.​​​​​

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

The information was provided by the contact person above for publication on 15 May 2023 at 13:30 CET.  Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Lipis Advisors – lipisadvisors.com
Lipis Advisors is a Berlin-based strategic consulting firm focused exclusively on the payments sector. Our expertise has expanded over the years, evolving from research-driven comparative analysis of core payment systems to strategic advice for diverse stakeholders on topics ranging from cryptocurrencies, CBDCs, digital banking, real-time payments, fraud mitigation, payment design and implementation. We have provided consulting services to clients in 40+ countries around the world, including international organizations, financial institutions, payment service providers, fintechs, payment schemes, payment system operators, technology vendors, industry associations, and regulators.

About Crunchfish – crunchfish.com
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish Digital Cash makes payment services robust – was the theme of Crunchfish’s presentation at Småbolagsdagarna on June 12th where Joachim Samuelsson, Group CEO at Crunchfish, provided an overview of Crunchfish Digital Cash products.

Joachim Samuelsson, Group CEO at Crunchfish, presented how Crunchfish Digital Cash enables offline payments in an online world and making payment services robust. He provided an overview of Crunchfish Digital Cash product range: Digital Cash -offline, -telecom, -consecutive and -non-mobile. Follow the link to watch the presentation.

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

The information was provided by the contact person above for publication on 13 June 2023 at 08:30 CET.
Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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The interest in offline solutions from central banks, commercial banks and payment system providers have skyrocketed in recent years. Crunchfish in partnership with Lipis Advisors are proud to announce the fourth white paper and webinar in the series “Enabling offline payments in an online world” with a focus on interoperability.

Crunchfish in partnership with Lipis Advisors announced today the fourth white paper and webinar focused on offline payment Interoperability. The white paper will be released on June 15th on 12 noon CET / 15.30 IST with a follow-up webinar streamed live on June 16th at 8 am CET / 11.30 IST.

The webinar will start with a short presentation of the white paper, followed by moderated Q&A with a panel and the audience. In the panel for the fourth webinar is Anurag Dubey payment expert at Lipis Advisors, Sunil Karkera Product Director at IDFC First Bank and Joachim Samuelsson CEO at Crunchfish. The webinar is moderated by Johan Wester.

The video trailer to the fourth white paper and webinar on offline payment privacy is now available. Register for the fourth webinar by following this link.The webinars will be live streamed on Zoom and LinkedIn, it will also be recorded.

The previous three white papers in the series Enabling offline payments in an online world focused on offline payment design, security and privacy. All webinars in the series are available here.

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

The information was provided by the contact person above for publication on 9 May 2023 at 08:40 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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