Crunchfish in partnership with T-Hub today officially launched an Augmenting Payment Accelerator program at an event at the Swedish embassy in Delhi.

T-Hub is an innovation hub and ecosystem enabler, based out of Hyderabad, India. Together T-Hub and Crunchfish is arranging India’s first Augmenting Payments Accelerator program, enabling fintech companies to create innovative payment products and services based on Crunchfish Digital Cash platform.

The program was officially launched at an event at the Swedish Embassy in Delhi, May 23rd, 2022. The event was co-organized with Business Sweden and hosted keynote speaker Beju Shah – Head of Nordic Centre at BIS Innovation Hub, together with presentation from Joachim Samuelsson – CEO Crunchfish, Mahankali Srinivas Rao – CEO at T-Hub, HE Gautam Bhattacharyya – Chargé d’Affaires a.i. & Deputy Head of Mission, Embassy of Sweden and Cecilia Oskarsson – Sweden Trade & Invest Commissioner to India.

During the event a Memorandum of Understanding (MOU) was signed between Crunchfish and T-Hub. The MOU regulates the joint Sweden-India FinTech collaboration.

For more information on the Augmenting Payment Accelerator program, refer to the official presentation of the program and invitation to the launch event.

 “Fintech Startups contribute considerably to the future well-being of the country as well as the world. By understanding and nurturing the power of digital currency in the country we are paving the way for a digital revolution which has never been witnessed before. Our objective is to support a powerful ecosystem which will be a first step towards a brave new world.", says Mahankali Srinivas Rao – CEO at T-Hub.

“It’s great for Crunchfish to be part of this joint Sweden-India FinTech collaboration. The projected growth of digital transaction requires offline payment solutions like Crunchfish Digital Cash platform to augment online payment services, in order for them to cope with the explosive volumes and provide financial inclusion to the masses. The Augmenting Payment Accelerator program will support this effort and the future of payments. ", says Joachim Samuelsson, Crunchfish’s CEO.

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 23 May 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 representation in India.

About T-Hub –  www.t-hub.co

T-Hub (Technology Hub) is an innovation hub and ecosystem enabler. Based out of Hyderabad, India, T-Hub leads India’s pioneering innovation ecosystem. With a mission of enabling and empowering an ecosystem hungry for innovation, T-Hub is creating impact for startups, corporations, and other innovation ecosystem stakeholders. Incorporated in 2015, it has provided over 1800 national and international startups with access to better technology, talent, mentors, customers, corporates, investors, and government agencies. It has elevated innovation for leading national and global corporations, transforming their business models for the better. Working in collaboration with innovation partners and enablers in Telangana, India and worldwide, T-Hub is building a future-ready innovation ecosystem.

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Digital Cash India was the topic of the 19th Survival of the fittest webinar. The webinar covered India’s fast-growing digital payments market and how Crunchfish could solve many of the key challenges faced in India’s payment ecosystem through offline payments with infinite load possibilities.

India has become the epicenter in the world for digital payments, and it will continue growing. Mobile payments over UPI continue to grow very rapidly. In October 2020, UPI celebrated 2 billion transactions in a month but has now reached 5 billion, only 16 months later. There is more growth to be had, and offline payments will be the key enabler. In 2025 the number of digital transactions is projected to be a whopping 548 billion.  This webinar on Crunchfish Digital Cash India was the 19th of the Survival of the fittest webinar series. 

In this webinar, Vijay Raghunathan, Head of Crunchfish Digital Cash India, presented the key challenges of digital payments in India, its market, and Crunchfish’s solution and opportunity. A panel discussion followed with Gagan Kochar, Crunchfish India Senior business developer, and Crunchfish group CEO Joachim Samuelsson. Johan Wester moderated the webinar.

Register for the webinars and see all previous webinars at crunchfish.com/webinars/.

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 20 May 2022 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, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

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Crunchfish patents and innovation were the topics of the 17^th Survival of the fittest webinar. The webinar covered Crunchfish’s extensive patents within Digital Cash and its ability to innovate and be creative.

Creativity is one of Crunchfish’s core values, and by combining new verticals to solve things in a new way, Crunchfish is successful in innovation. This is manifested in more than 40 innovations, of which more than 30 have been granted patents, in the areas of DigitalCash, GestureInteraction, and ProximityInteraction.

This webinar on Crunchfish Digital Cash patent portfolio was the 17th of the Survival of the fittest webinar series.

In this webinar, Crunchfish group CEO Joachim Samuelsson gave an overview of Crunchfish extensive patent portfolio within Digital Cash and a panel discussion followed with Björn Andersson, European Patent Attorney, Ström & Gulliksson, Paul Cronholm, Founder and CTO of Crunchfish and Joachim Samuelsson. Johan Wester moderated the webinar.

Register for the webinars and see all previous webinars at crunchfish.com/webinars/.

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 6 May 2022 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, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

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Central Bank Digital Currency (CBDC) is being evaluated around the world where cash-like features such as ease of use, offline-, inclusive- and private- payments are key requirements. CBDC designs are often limited and not capable of replicating the unique properties of cash payments. Indian ecosystem innovation pioneer T-Hub, in collaboration with Crunchfish, will arrange a unique accelerator program enabling fintech companies to create innovative CBDC products and services by exploiting Crunchfish Digital Cash. This webinar on Digital Cash CBDC Accelerator was the 15th of the Survival of the fittest webinar series.

Sanjay Thakur, senior banker and advisor to T-Hub outlined the CBDC Augmenting Payments accelerator program followed by a panel discussion moderated by Johan Wester with Srinivas Rao M, CEO of T-Hub and Joachim Samuelsson, Crunchfish group CEO as panelists.

Register for the webinars and see all previous webinars at crunchfish.com/webinars/.

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 April 2022 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, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

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Crunchfish Digital Cash is highly resistant to the risks associated with double spending, a major problem in offline payments. Digital Cash provides multiple protection mechanisms for the bearer instruments and the Digital Cash message carrying offline payments as well as in the backend. This webinar on Crunchfish Digital Cash security was the 13th of the Survival Of The Fittest webinar series.

Joachim Samuelsson, CEO of Crunchfish Group, presented Digital Cash security and described how Crunchfish protects against double spending. Johan Wester moderated an open forum with Chiangkai Er, CTO at V-Key, and Magnus Lagesson, CPO at Crunchfish Digital Cash as panelists.

Register for the webinars and see all previous webinars at crunchfish.com/webinars/.

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 1 April 2022 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, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

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Crunchfish has applied for a patent that makes Digital Cash resistant to attacks by classical and quantum computers, keeping payment information secure even after large-scale quantum computers has been built. The present invention offers a new paradigm for offline payments that addresses the challenges which can be expected in the era of quantum computing.

The advent of large-scale quantum computing offers great promise to science and society, but brings with it a significant threat to our global information infrastructure. Public-key Infrastructure, widely used on the internet today, relies upon cryptography that is believed to be secure given the computational power available now and in the medium term. However, popular cryptographic schemes based on these hard problems, including RSA and Elliptic Curve Cryptography, will be easily broken by a quantum computer. This will rapidly accelerate the obsolescence of our currently deployed security systems and will have dramatic impacts on any industry, including payments, where information needs to be kept secure.

With quantum computing, all information that is transmitted on public channels is vulnerable to eavesdropping. Encrypted data can also be stored for later decryption once quantum computing becomes available. Bitcoin is one example where previously made transactions are accessible by anyone and puts a substantial amount of Bitcoin at risk. Quantum computing is still a few years into the future. However, the timing when technical innovation leapfrogs are hard to predict and there are already several initiatives taken world-wide on how to address the perceived threat. For instance, The US government has issued a memorandum to define a plan by Q3 2022 to mitigate the risk.

Crunchfish has applied for a Swedish patent protecting Digital Cash by combining two different data integrity schemes. First, payments are negotiated offline by short-range data communication between payer and payee communication devices using a quantum-secure cryptographic key as a shared secret. Successfully negotiated offline payments are stored locally and securely in the devices. Subsequently, payment settlement by broadband data communication is secured by signing the settlement request with another quantum secure cryptographic key.

“Crunchfish demonstrates leadership in offline payments by making Digital Cash secure for quantum computing attacks. It may not be a problem that needs to be addressed today, but a patent application positions the company for the future when the problem becomes acute to solve”, says Joachim Samuelsson, CEO of Crunchfish.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com

This information is information that Crunchfish AB is obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person above for publication on 1 April 2022 at 00:01 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 representation in India.

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