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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Crunchfish in partnership with HDFC Bank have made a joint application to access Reserve Bank of India (RBI) Regulatory Sandbox to demonstrate and pilot offline retail payments. The application has been approved and the integration has begun. 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.

“HDFC Bank is excited to partner with Crunchfish Digital Cash for offline retail payments. This innovative solution will enable HDFC Bank to reach a wider audience and allow its customers and merchants to make and receive payments in complete offline mode. This will boost financial inclusion by increased adoption of digital payments as it enables transactions without the need of network connections.”, says Anjani Rathor, Chief Digital Officer at HDFC Bank.

HDFC Bank is India’s leading private bank and was among the first to receive approval from RBI to set up a private sector bank in 1994. Today, HDFC Bank has a banking network of 6,342 branches in 3,188 cities. HDFC Bank offers a diverse range of financial products and banking services to customers through a growing branch network and digital channels such as Netbanking and MobileBanking.

“India is the leading real-time payments market in the world and in focus for our sales and marketing efforts. Crunchfish Digital Cash is highly relevant for the Indian market as it drives financial inclusion and increased payment availability. It is a great milestone for Crunchfish to team up with HDFC Bank to showcase Digital Cash for RBI.”, says Joachim Samuelsson, Crunchfish’s CEO.

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 

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 5 September 2022 at 14:45 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 a subsidiary in India.

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Crunchfish and Sirius join forces to offer banks and payment service providers an off-the-shelf integration of Crunchfish Digital Cash into Sirius’ Payment Ecosystem Solution running on their Multiverse platform, enabling fast and easy deployment of both online and offline payments.

Sirius, an up-and-coming player in digital enterprise platform technology, and Crunchfish have completed an integration of Crunchfish Digital Cash into Sirius’ Payment Ecosystem Solution. The integration makes onboarding of banks and payment service providers much easier, as they don’t need to develop the backend functionality by themselves. In case banks and payment service providers don’t have an existing e-wallet application, Sirius also offers a white-label e-wallet with Crunchfish Digital Cash pre-integrated, which will even further simplify the deployment of an offline payment solution.   

Payment Ecosystem is a vision formulated by Sirius to facilitate and provide value-add service to the end-to-end payment experience for Issuer, acquirer, merchant, consumer, and payment network operator. It is an ecosystem platform where participants can share value-added service with each other in a secure and trusted manner to enhance both business operation efficiency and end user experience. Some of the example value-added services include buy now pay later service, loyalty points management service, merchant payment facilitator engine and many more.

The integration started in the second half of Q2 and has now been completed. The fast integration time proves the flexibility and scalability of Sirius’ Multiverse platform as well as Sirius’ Payment Ecosystem Solution and effectiveness of Crunchfish Digital Cash SDKs. The joint solution will be presented and demonstrated to existing customers and new prospects, with a focus on Asia and South America where Sirius is operating.
 

“Sirius is eager to work with partners and clients who share our passion for innovation. Several of our customers have requested our solution to support offline payments so we reached out to Crunchfish as they are the market leader in this field. Integration of Crunchfish Digital Cash into our platform was smooth and with great support from the Crunchfish team. With the integration in place, we will start to promote the joint solution to existing customers and new prospects.” says Bin Wieringa, Sirius’ CEO.

“The key to our success is to make it easy for banks and payments services to deploy Crunchfish Digital Cash. Sirius’ Payment Ecosystem solution with pre-integrated support for Crunchfish Digital Cash provides exactly this. Instead of requiring every new customer to develop the Digital Cash backend functionality themselves, the banks and payment service providers just need to connect to Sirius. Through Sirius’ presence in Asia and South America we also get an excellent channel to new customers.” 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 24 August 2022 at 10:00 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 subsidiary in India.

About Sirius – siriustech.io
At Sirius we strive for Digital Technology Inclusion – enabling people and organizations with accessible, convenient, and affordable technology. Sirius has its flagship platform called Multiverse, which is a middleware technology solution based on Gartner's Hybrid Integration Platform capability framework and following Mesh Application and Service Architecture. Multiverse forms the basis for flexible integration, high scalability, robust security and affordable innovation. On top of Multiverse, we have several composable solutions specifically developed for the financial services industry, including payments, loans, wallets, assets & trading and more.

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Crunchfish Digital Cash is shortlisted in the G20 TechSprint 2022 to advance to the prototype development stage. The focus is on solving technology challenges related to wholesale and retail Central Bank Digital Currencies (CBDCs).

The G20 TechSprint 2022, launched by the BIS Innovation Hub and Bank Indonesia, focuses on CBDCs, and particularly on challenges and opportunities around three problem statement categories deemed to be of high priority areas by the global central banking and regulatory community.

1. Implementing Effective and Robust Issuance, Distribution and Transference
2. Enabling Financial Inclusion
3. Enabling Connectivity and Interoperability

Participants were asked to submit proposals to one of the above categories. Crunchfish submitted its Digital Cash platform for the category Enabling Financial Inclusion. The organizers state that they received strong and overwhelming interest, with many practical, yet innovative and game changing solutions proposed from teams around the world. Crunchfish’s proposal was shortlisted and advanced to the next stage of the competition. The shortlisted companies have until the end of August 2022 to develop and pitch their solution for a panel of independent judges. Winners will be announced on October 14th, 2022.

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 21 June 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 representation in India.

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Crunchfish’s contribution to the global hackathon RBI Harbinger was presented at the 21st Survival of the fittest webinar. Crunchfish’s solution enables cards and wearables to have contactless interaction with mobiles. This is important for financial inclusion as non-mobile devices interact with stored values on mobiles, even in an offline mode. 

Crunchfish Digital Cash is an extremely versatile platform, able to support many use cases in digital payments. Most importantly, it delivers offline payments, which are key for enabling the projected explosive growth in digital payments. There are many flavors of offline payment use cases, e.g., involving non-mobile devices, consecutive offline payments as well as allowing the core banking system to be offline at the moment of payment. 

In this webinar on Crunchfish Digital Cash, the 21st of the Survival of the fittest webinar series,

Crunchfish CEO Joachim Samuelsson outlined the Digital Cash for non-mobile devices recently showcased in India at the RBI Harbinger global hackathon. A panel discussion followed with Crunchfish Digital Cash CPO Magnus Lageson, Gagan Kochar Senior business developer Crunchfish India 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 3 June 2022 at 12:15 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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