Big deals are coming – the theme of Crunchfish’s presention at Stora Aktiedagen Stockholm 2022 on Wednesday, November 30, at 10:30 CET. Joachim Samuelsson, Group CEO at Crunchfish, provides an overview of Crunchfish’s business and future plans within Digital Cash and Gesture Interaction. 

Follow the link below to register for the event

Stora Aktiedagen Stockholm 2022

Crunchfish presentation will be webcast live and on-demand via Aktiespararna's youtube channel and aktiespararna.se. The live broadcast will be available at http://www.aktiespararna.se/tv/live.

Use the opportunity to ask your questions to the presenter, by sending an SMS to 079-347 98 45 or email event@aktiespararna.se. Your questions will be conveyed by Aktiespararna’s moderator during the Q&A sesssion the follows your presentation. You can submit your questions now or during the presentation.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

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, automotive and digital interfaces. 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 is all about offline payments. Payers should not have to worry whether they are online or not. Payments should work regardless of banking services are down or lack of internet connectivity. This new version extends the use of Crunchfish Digital Cash even more as it becomes possible to pay anywhere using telecom connectivity, and to anyone on a domestic payment scheme.

Although internet may not be present to connect online, often the telecom network is available to make a call or send an SMS. By utilizing telecom connectivity and interoperability with domestic payment rails, such as UPI in India, Crunchfish Digital Cash will be extended to cover many more important use cases:

–Payment to receivers on domestic payment scheme
–Payment to feature phone users
–Payment to merchants with soundboxes (common in India)
–Remote payments
–Bill payments
–Payments with larger amounts

“Crunchfish focus continuously on adding new Digital Cash features to provide a greater value to our customers. This new version adds many more use cases and increase the scope and usability of Digital Cash significantly. It has already been presented to selected customers in India and been very well received.” says Joachim Samuelsson, CEO at Crunchfish.

The new version is built on the existing security foundation of Digital Cash, meaning that offline payments in proximity and via the telecom network will be supported by the same solution. The new version will be available for customers through the Crunchfish developer portal early next year.

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 11 November 2022 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 subsidiary in India.

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Crunchfish’s project for Offline Retail Payments together with HDFC Bank and one additional Indian bank has reached an important milestone by completing the integration of Crunchfish Digital Cash SDK into both Payer and Merchant apps. This milestone was reached before the Diwali holiday and confirms that the project is on track to start the pilot with Reserve Bank of India in mid-December.

Crunchfish in partnership with HDFC Bank and one additional Indian bank are working together to demonstrate and pilot Offline Retail Payments to Reserve Bank of India (RBI) in their Regulatory Sandbox*. The project, if successful, will provide the basis for RBI’s guidance and regulatory support in providing Offline Retail Payments, based on Crunchfish Digital Cash platform, to the payment ecosystem of India. Integration of Crunchfish Digital Cash SDK into the Payer and Merchants apps, that will be used during the pilot, has now been completed. With the frontend parts in place, focus from now will be on backend related functionality and quality assurance. The pilot is planned to start in mid-December.

“Reaching this milestone was important to meet the overall project plan to start the RBI pilot in mid-December. We have been working hard together with our partnering banks so I’m very delighted that we keep the time plan defined at the start of our co-operation. Holding the deadline also proves that both our Digital Cash platform and our support team meet the high demands and requirement from the banks. Together we will now finalize the backend integration and prepare for pilot start", says Magnus Lageson, CPO and Crunchfish’s Project Manager in the project.

*The Regulatory Sandbox was established in 2020 by the Reserve Bank of India (RBI) to foster responsible innovation in financial services, promote efficiency and bring benefit to end users. The Regulatory Sandbox is a formal regulatory program for market participants to test new products and services with customers in a live environment, subject to certain safeguards and oversight. It allows the regulator, innovators, financial service providers and end users to conduct field tests to collect evidence on the benefits of new financial innovations, while carefully monitoring and containing their risks. To be approved access to the Regulatory Sandbox, the proposed financial service shall include new or emerging technology, or use of existing technology in an innovative way and should address a problem and bring benefits to consumers.

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 24 October 2022 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, automotive and digital interfaces. 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 today released a new version of the Digital Cash SDK, targeting feature and performance requirements in the project with HDFC Bank and Reserve Bank of India (RBI). This version will be used to demonstrate and pilot offline retail payments.

The release targets the HDFC Bank and Reserve Bank of India (RBI) project and addresses requirements in the upcoming pilot. Focus areas for the new version have been to add additional security features and to streamline the integration of the Digital Cash SDK. HDFC Bank and one additional bank started the integration in August with the previous Digital Cash SDK version and will now upgrade to this improved version.

Highlight of the new Digital Cash version includes:

• New risk limits that comply with RBI regulations in India
• Access control management
• Improved certificate management
• Improved fraud detection capabilities and fraud management
• Additional security features to prevent cloning and double spending offline
• Improved backend integration components and documentation

This release will also be made available for other customer integration projects through the Crunchfish Developer portal.

“Our development team has been working hard to meet the requirements in the HDFC Bank and RBI project. The new version of Crunchfish Digital Cash has been released to the HDFC project team and they will now upgrade the solution for offline retail payments. In parallel with the integration of this version and the upcoming pilot, we are also working on a new version that will be the baseline for commercial deployment. This version is planned to be released at the end of the year.” says Magnus Lageson, CPO at Crunchfish Digital Cash.

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 22 September 2022 at 11.45 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, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with subsidiary in India.

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Crunchfish Digital Cash AB (“Crunchfish”) has received a Notice of Allowance from the Swedish Patent and Registration Office (PRV) regarding proximity interaction in settings where multiple service terminals may be present. The innovation helps the user select or ascertain having a connection to the indented service terminal before committing an action, for instance an offline payment. The Swedish patent application number is SE2050469-2 and has priority until April 2040. A positive patentability assessment IPRP for the corresponding international PCT application has also been received.

Connecting with devices or service terminals nearby using short-range wireless communication, such as Bluetooth, introduces a degree of uncertainty for the user when establishing the connection and committing an action, for instance an offline payment. A reason for such uncertainty is if there are other devices or terminals within Bluetooth range.

This innovation helps the user to select and to be assured that its interaction is with the intended device or terminal by matching audio or visual media content sent from the service terminal with what is expressed on the user’s own device. This is beneficial in other types of digital services in addition to payments, such as information exchanges, identity authentications or access authorization.

“This innovation adds an additional aspect to Crunchfish’s feature-rich Digital Cash patent portfolio. The patent improves the payment experience in situations with multiple Bluetooth service terminals present at retail shops, gas stations, arenas, events, public transportation and person-to-person payments”, says Joachim Samuelsson, Crunchfish CEO.

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 21 September 2022 at 14:30 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, automotive and digital interfaces. 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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On Thursday, September 8, Crunchfish presents at Civilsamhällhet Finansforum 2022 – Giva Sverige. Magnus Lageson, Chief Product Officer at Crunchfish Digital Cash provides an overview of Crunchfish Digital Cash solutions and payments services.

The theme of this year's Giva conference is "The digitalisation of the payments market – opportunities and constraints". With increasingly digital payment services, solutions that replace cash payments without requiring connected smartphones are needed. Magnus Lageson, CPO at Crunchfish, presents Crunchfish Digital Cash offline payments, and how the service can be used in a crises situation and contribute to financial inclusion in our society.

Link to the event

Civilsamhällets Finansforum 2022 – Giva Sverige

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

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, automotive and digital interfaces. 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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