Crunchfish and ToneTag, two pioneers within digital payments, have entered a Marketing & Technical Partnership Agreement to offer Crunchfish’s Digital Cash payments with ToneTag’s patented sound wave-based interactions. By integrating the companies’ innovative technologies offline payment use cases becomes possible, even with feature phones.

Many consumers are unable to pay digitally because of poor internet connectivity as well as lack of payment services on feature phones. ToneTag’s innovative sound-based proximity technology combined with offline payments capability of Crunchfish’s Digital Cash solutions is a cutting-edge solution that can enable a much greater adoption for digital payments in retail, at gas stations and for transit payments. 

ToneTag, a proximity communication company and the largest sound network built a robust channel of data communication to enable extraordinary experiences across businesses. It can enable users to carry out quick and convenient cashless transactions by utilizing the innovative and highly secure sound wave-based technology. The solution does not require either high-speed internet or a smartphone for conducting secure payments; the payment can be completed using any mobile phone, including feature phones used by millions of Indians.

Crunchfish’s Digital Cash is exceptionally flexible, being bearer instrument-, payment scheme-, proximity interaction- and merchant terminal-agnostic. This provides an unprecedented capability to provide offline payments and preserve privacy for any digital payment service. With this agreement Crunchfish continues to add to its Digital Cash Partner program with ToneTag as partner #8. 

“ToneTag is a strategically important Digital Cash Partner with ingenious solutions that will help to facilitate Digital Cash on a wide variety use cases, not least on feature phones which opens up great market opportunities both in India and other countries. We see great potential in this partnership and are looking forward to working with ToneTag”, says Crunchfish Digital Cash’s CEO Patrik Lindeberg.

”ToneTag’s global audio based data communication capability allows digital and voice based checkouts in offline spaces. Combining our unique technology with Crunchfish’s Digital Cash enables seamless payment experiences for customers. Together with Crunchfish, we hope to implement this solution in multiple countries”, says Kumar Abhishek, founder and CEO of ToneTag.

For more information, please contact:
Patrik Lindeberg, CEO Crunchfish Digital Cash AB
+46 730 35 67 15
patrik.lindeberg@crunchfish.com

Ulf Rogius Svensson, IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@crunchfish.com

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

About Crunchfish – crunchfish.com/digitalcash
Crunchfish is a technical pioneer within digital payments with its ground-breaking Digital Cash Wallet using a two-step payment process, first clearing offline followed by online settlement, which makes digital payments robust and independent from the net. Crunchfish Digital Cash Wallet is extremely flexible and may be used with all types of payment services. Crunchfish has also developed Blippit, an app terminal that connects to cash register systems for both online and offline payments and have a patent-pending solution to reduce food waste. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

Crunchfish AB (”Crunchfish”) meddelar idag att bolaget anställer betalningsexperten Magnus Lageson. Magnus Lageson har lång erfarenhet från betalbranschen och kommer närmast från GetSwish AB, bolaget bakom betaltjänsten Swish, där han under många år arbetat som Lead Product, Innovation & Partner Manager och haft en central roll i utvecklingen av tjänsten och dess framgångar. På Crunchfish kommer Magnus Lageson att ha rollen som Chief Product Officer i Crunchfish Digital Cash AB och i denna roll arbeta med bolagets tekniska utveckling och kommersiella utrullning.

 
Magnus Lageson blir ny Chief Product Officer för bolagets verksamhet inom Digital Cash. Magnus har mer än 20 års erfarenhet från betalningsmarknaden och började med mobila betalningar på Ericsson redan i slutet av 90-talet. Han gick därefter vidare och jobbade på bland annat Bankgirocentralen med avvecklingssystem i realtid, sedan på Nordea med bland annat krav för att bygga en gemensam betalningsplattform för Nordea men också inom ett produktområde kring mobila betalningar. Magnus har därefter jobbat som konsult med många olika typer av projekt, allt från utbyte av kärnbanksystem till införande av GooglePay, SamsungPay och GarminPay och även haft strategiuppdrag kring PSD2.

Under de senaste fem åren har Magnus varit Lead Product, Innovation & Partner Manager på Swish och i denna roll representerat Swish i tät dialog med många olika partners och olika internationella samarbeten i ekosystemet runt tjänsten. Under de senaste åren har Magnus har även varit djupt involverad i implementationen av den nya infrastrukturen för avveckling av konto-till-konto-transaktioner i realtid som ska införas i Sverige och tillhandahålls av Sveriges Riksbank.

“Vi är extremt glada över att Magnus Lageson kommer till Crunchfish. Magnus är en av Sveriges skarpaste hjärnor inom betalningslösningar och han har haft en avgörande roll i utvecklingen av Swish till deras otroliga framgångar. Med sin omfattande erfarenhet och sitt stora kontaktnät kommer Magnus att bli ett mycket starkt tillskott till Crunchfish-teamet nu när vi rullar ut våra lösningar för Digital Cash”, säger Joachim Samuelsson, VD för Crunchfish.

”Crunchfishs lösningar för Digital Cash kommer att vara en avgörande komponent i digitaliseringen av världens betalsystem och jag ser mycket fram emot att vara med på denna resa. Jag lever efter devisen att det är viktigare att komma framåt än att stå stilla och ser därför fram emot att få chansen att jobba enligt KBK-principen, som jag vet värdesätts högt på Crunchfish”, säger Magnus Lageson.

Magnus Lageson intervjuades i Crunchfishs andra intervjusäsong ”Cash goes digital – a payment pandemic” på temat Real-Time Pirate.

För ytterligare information, vänligen kontakta:
Joachim Samuelsson, VD för Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

Ulf Rogius Svensson, IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@crunchfish.com

Västra Hamnen Corporate Finance AB är Certified Adviser. Epost: ca@vhcorp.se. Telefon +46 40 200 250.

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Crunchfish AB (”Crunchfish”) today announces that the company has hired payment expert Magnus Lageson. Magnus Lageson has extensive experience from the payment industry and most recently comes from GetSwish AB, the company behind the payment service Swish, where he has worked for many years as Lead Product, Innovation & Partner Manager and played a central role in the development of the service and its success. At Crunchfish, Magnus Lageson will be Chief Product Officer in Crunchfish Digital Cash AB and work with the company’s technical development and commercial rollout.

Magnus Lageson will be the new Chief Product Officer for the company’s operations within Digital Cash. Magnus has more than 20 years of experience from the payment industry and started his career with mobile payments at Ericsson already in the late 1990s. He then went on to work at Bankgirocentralen with real-time settlement systems, then at Nordea with their requirements to build a common payment platform for Nordea but also within a product area around mobile payment. Magnus has since worked as a consultant with many different types of projects, ranging from the replacement of core banking systems to the introduction of GooglePay, SamsungPay and GarminPay as well as strategy assignments around PSD2.

For the past five years, Magnus has been Lead Product, Innovation & Partner Manager at Swish and in this role, he has represented Swish in close dialogue with many different partners and various international collaborations in the ecosystem around the service. In recent years, Magnus has also been deeply involved in the implementation of the new infrastructure for real-time settlement of account-to-account transactions, which will be introduced in Sweden and provided by the Swedish Central Bank.

”We’re extremely happy that Magnus Lageson is coming to Crunchfish. Magnus is one of Sweden’s sharpest minds within payment solutions and he has played a crucial role in the development of Swish to their incredible success. With his extensive experience and large network of contacts, Magnus will be a very strong addition to the Crunchfish team in our roll-out of our solutions for Digital Cash”, says Joachim Samuelsson, Crunchfish CEO.

Crunchfish’s solutions for Digital Cash will be a crucial component in the digitalization of the world’s payment systems and I am very much looking forward to being part of this journey. I live by the motto that it is more important to move forward than to stand still and I look forward to the chance to work according to the ‘KBK’ principle, which I know is highly valued at Crunchfish”, says Magnus Lageson.

Magnus Lageson was interviewed in Crunchfishs second interview season ”Cash goes digital – a payment pandemic” on the theme Real-Time Pirate.

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

Ulf Rogius Svensson, IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@crunchfish.com

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

About Crunchfish – crunchfish.com/digitalcash
Crunchfish is a technical pioneer within digital payments with its ground-breaking Digital Cash Wallet using a two-step payment process, first clearing offline followed by online settlement, which makes digital payments robust and independent from the net. Crunchfish Digital Cash Wallet is extremely flexible and may be used with all types of payment services. It is interoperable cross-service/schemes and cross-borders/currencies. It truly delivers the properties of cash, such as instant clearing, offline payments and preserving the payer’s integrity, without requiring any changes to the central or commercial banking infrastructure. This enables CBDC to be rolled out fast in any country.

We have also developed Blippit, an app terminal that connects to cash register systems for both online and offline payments and have a patent-pending solution to reduce food waste. Crunchfish also develops gesture control of smart AR glasses for the consumer market. 

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

On May 12th, at 10 am CET, Crunchfish will host a live presentation of the company’s annual report via Zoom, ahead of the company’s Annual General Meeting on May 19th. Crunchfish’s CEO Joachim Samuelsson and the company’s auditor Åsa Andersson-Eneberg will give fast-paced Pecha Kucha presentations about how we will pay in the future, about the annual report and the auditor’s report. Shareholders will also be able to ask questions in the chat room.

Click here to download the 2020 Annual Report

Registration to this presentation is done via the following link:
https://us02web.zoom.us/webinar/register/WN_r1H7FYBZQ9iMGsIckxN0HQ

The Pecha Kucha presentation about how we will pay in the future is already available here. The two other presentations will be launched during the event on May 12^th. The entire event will also be recorded and be available via Crunchfish’s website as well as the company’s YouTube channel.

The 2021 Annual General Meeting will be held without physical participation and voting will take place in advance through postal voting. For voting, shareholders shall use the digital form available here: https://postrosta.web.verified.eu/?source=crunchfish

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

Ulf Rogius Svensson, IR & Marketing Manager
+46 733 26 81 05
ulf.rogius.svensson@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 technical pioneer within digital payments with its ground-breaking Digital Cash Wallet using a two-step payment process, first clearing offline followed by online settlement, which makes digital payments robust and independent from the net. Crunchfish Digital Cash Wallet is extremely flexible and may be used with all types of payment services. It is interoperable cross-service/schemes and cross-borders/currencies. It truly delivers the properties of cash, such as instant clearing, offline payments and preserving the payer’s integrity, without requiring any changes to the central or commercial banking infrastructure. This enables CBDC to be rolled out fast in any country.

We have also developed Blippit, an app terminal that connects to cash register systems for both online and offline payments and have a patent-pending solution to reduce food waste. Crunchfish also develops gesture control of smart AR glasses for the consumer market. 

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