Crunchfish enables Digital Cash on feature phones by partnering with Taisys
Crunchfish AB (“Crunchfish”) announces today that the company has entered into a Marketing & Technical Partnership Agreement with Taisys Technologies Co., Ltd. (“Taisys”), enabling Digital Cash to also be implemented with feature phones. Digital Cash can now be implemented on any type of bearer instrument – smart phones, cards and now also feature phones.
Taisys has built solutions based on its patented Thin SIM technology, which decouples functionality from the main SIM and gives partners the ability to deploy innovative services. The Thin SIM serves as a Secure Element and can be fitted into the mobile handset SIM slot as a SIM overlay.
By integrating with Taisys’ Thin Slim it becomes possible to implement Digital Cash also with feature phones. This makes Crunchfish’s Digital Cash bearer instrument agnostic and available for all kinds of Payment Apps. This is particularly important for CBDC implementations in their aspiration to be ubiquitous and financially inclusive.
Digital Cash is already exceptionally flexible, being payment scheme-, proximity interaction- and merchant terminal-agnostic as well. 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. Taisys from Taiwan is Digital Cash Partner #5 to join the program.
”Taisys will be a strategically important Digital Cash Partner to reach feature phone users. We may also implement Digital Cash with Taisys as a novel solution for smartphones and other bearer instruments.”, says Crunchfish’s CEO Joachim Samuelsson.
”Our patented SIM overlay technology provides a simple, flexible and agnostic way for partners to deploy high-security application on mobile phones. We are pleased to collaborate with Crunchfish to complement their Digital Cash solutions to expand the coverage of potential markets”, says Taisys’s CEO Peter Chen.
About Taisys Technologies – www.taisys.com Taisys is a world leader in providing thin SIM solution. With global patents, Taisys thin SIM is telco-neutral, handset-neutral and service provider-friendly, which enables telecom, financial institutions and government organizations to extend innovative mobile services in a secure and convenient manner. Over 100 banking, M(V)NOs, government organization, service provider partners have deployed high-security mobile services enabled by Taisys with more than 20 million end-users worldwide.
For more information, please contact:
Joachim Samuelsson, CEO 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 is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.
This information is information that Crunchfish AB is obliged to publish in accordance to the EU Market Abuse Regulation. The information was provided by the contact person above for publication on February 5, 2021.
About Crunchfish – crunchfish.com Crunchfish is a tech company with a patent-pending solution for digital offline payments that can be integrated both with the payment rail or in a mobile wallet. The offline solution is globally scalable and makes digital payments more robust as the risks of disruptions and downtime are eliminated. We have also developed Blippit, an app terminal that connects to a cash register system for both online and offline payments. Crunchfish also develops gesture control of smart AR glasses for the consumer market. Crunchfish has been listed on Nasdaq First North Growth Market since 2016 with headquarters in Malmö, Sweden and with representation in India.
