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2016-11-10

Resurs Holding: Sweden first in Northern Europe: Mastercard and Resurs Bank launch omni-channel digital wallet integrating Masterpass

Today, Resurs Bank and Mastercard announced the launch of Loyo Pay,
the first digital wallet in Sweden to introduce omni-channel shopping
capability, making it available for commerce in every channel -
online, in app and in-store. Sweden is the first country in Northern
Europe to offer a payment solution that is fully digitizing the
plastic card by integrating Masterpass.

Resurs Bank has been offering Mastercard's digital service Masterpass
since its launch in Sweden at the end of 2015 and is also offering
Mastercard cards with NFC chips. In the application Loyo Pay,
Masterpass is combined with NFC-technology and MDES, the digital
platform for tokenization, making it possible to completely digitize
plastic cards in every channel. With Loyo Pay, joining these services
and technology, consumers can enjoy a quick and easy payments
experience no matter where they shop, while at the same time being
protected by the most advanced security methods.

"Today's Swedish launch of a digital omni-channel wallet integrating
Masterpass is a clear example of the connected trend in which
consumers expect easy, safe and secure payment experiences everyday
of their lives. The expansion of Masterpass represents an important
evolution for our digital strategy in the Nordics," says Mats
Taraldsson, Head of Market Development Mastercard Nordics and
Baltics.

By integrating Masterpass in Loyo Pay, the application can be used for
online payments at over 290 000 merchants globally. It can
additionally be used for card payments using a smartphone in-store in
77 countries at over 6 million merchants who accept contactless
payments via NFC-technology (Near Field Communication). Everyone with
a Mastercard card issued by Resurs Bank can use Loyo Pay for in-store
payments and the function will first be available for Android devices
that support NFC. The Masterpass component will continue to be an
open solution as it can be used by everyone, no matter who they bank
with and where the consumer can use all kinds of cards, both
Mastercard as well as other brands, and can be used

"Loyo Pay is the first actual digital omni-channel wallet in Sweden
that lets you pay with your mobile both online and in-store. The
mobile has always been talked about as the wallet of the future, and
now we are actually making it a reality", says Joakim Wallin, Head of
Cards at Resurs Bank.

The new service is based on MDES (Mastercard Digital Enablement
Service), the digital platform for tokenization, and on MCBP
(Mastercard Cloud Based Payments), the technology for cloud based
payments. Loyo Pay has been developed in close collaboration with
Payair Technologies.

"Resurs Bank and Mastercard are forefront actors when it comes to
delivering access to new and easy methods of payments online, in-app
and in-store. We look forward to keep innovating and leveraging
customer-focused solutions together with our partners", says Sören
Babra, CEO and founder Payair Technologies.

The application Loyo Pay is free and will be available for download
through Google Play in the nearest future. Consumers with a card
issued by Resurs Bank can register their interest already today at
www.loyo.se

For more information, please contact:

Joakim Wallin, Head of Cards Resurs Bank.

joakim.wallin@resurs.se

+46-736 44 33 56

Frida Almgren, Communications Manager Mastercard Nordics and Baltics

frida.almgren@mastercard.com

+46 703 173 545

About Mastercard
Mastercard (NYSE: MA), www.mastercard.com, is a technology company in
the global payments industry. We operate the world's fastest payments
processing network, connecting consumers, financial institutions,
merchants, governments and businesses in more than 210 countries and
territories. Mastercard products and solutions make everyday commerce
activities - such as shopping, traveling, running a business and
managing finances - easier, more secure and more efficient for
everyone. Follow us on Twitter @MastercardNews
(https://twitter.com/MasterCardNews), join the discussion on the
Beyond the Transaction Blog (http://newsroom.mastercard.com/blog/)
and subscribe (http://newsroom.mastercard.com/subscribe/) for the
latest news.

About Resurs Bank
Resurs was founded in 1977 and is one of the fastest-growing niche
banks in the Nordic region. During the 1980s we pioneered the
successful "interest free" retail finance concept, and today we are
one of the leading Nordic retail finance banks, with over 5 million
private customers and collaborations with over 1,200 retail partners
and 35,000 stores in the Nordics. From our core business in retail
finance, we have expanded our commercial offering to include savings
accounts, insurance policies, consumer loans and credit cards. The
latter includes our own Supreme Card, of which there are roughly
150,000 holders in the Nordic region. Resurs Bank is owned by Parent
Company Resurs Holding and is part of the Resurs Holding Group. In
2015 Resurs Bank acquired the subsidiary yA Bank. When we use the
term "Group" in this report we are referring to the Resurs Bank
Group.

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http://news.cision.com/resurs-holding/r/sweden-first-in-northern-europe-...
http://mb.cision.com/Main/9628/2118168/587869.pdf

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