Digital Cash

Crunchfish Digital Cash in G20 TechSprint 2022

2022-06-21|

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).

 

G20 TechSprint 2022

 

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 Digital Cash non-mobile devices webinar

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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Crunchfish announces June’s weekly Survival of the fittest webinars

Crunchfish’s Survival of the fittest webinars air on Fridays at 08:00 am CET / 11.30 IST. The webinars are broadcasted live and recorded, starting with a short presentation, followed by a moderator-led Q&A with a panel and the audience. Johan Wester is moderating.

 

Register for June’s webinars on LinkedIn

 

June 3rd – Digital Cash non-mobile devices 22#21

 

June 10th – Gesture Interaction patents 22#22

 

June 17th – Digital Cash webinar 22#23

 

All webinars are available on Crunchfish website and published on our YouTube channel.

 

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 2 June 2022 at 9:00 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 finalist in Reserve Bank of India’s Global Hackathon for Digital Cash on non mobile devices

Crunchfish was a finalist for its innovation Digital Cash on non-mobile devices, in the global hackathon “HARBINGER 2021 – Innovation for Transformation”, organized by RBI, the Reserve Bank of India. The overall objective of the hackathon was to identify and enable innovations with the potential to transform the digital payments landscape. Crunchfish participated for the problem statement – Non Mobile Digital Payment Solutions.

 

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Reserve Bank of India (RBI) organized its first global hackathon – “HARBINGER 2021 – Innovation for

Transformation” with four problem statements to shape the future of the payment systems in India.

 

  • Non-mobile digital payment solutions
  • Alternate authentication mechanism for digital payments
  • Context based retail payments solution
  • Social Media Analysis tool

 

 

Crunchfish was invited as one of 25 finalists from 363 entries to present and demonstrate their submitted solutions for an RBI jury in Bengaluru on May 26th-27th. The objective of RBI’s maiden hackathon was to identify and enable solutions that have potential to make digital payments accessible to the under-privileged, enhancing the ease of payments, enriching the experience of the users, while strengthening the security of digital payments and protecting the consumers.

 

Crunchfish Digital Cash on non-mobile devices, such as smart cards and wearables, enables contactless payments for the mass-reach era of digital payments, even in offline mode. It will be beneficial for swift and easy-to-use payments, in a multitude of use case scenarios, for convenience stores, transit and toll. It will also enable financial inclusion of the non-privileged, children, and elderly that may not be able to use mobiles or live in an area without network connectivity. This is a natural extension of the Crunchfish Digital Cash platform, enabling P2P top-up of cards and wearables from mobile apps and contactless payments from non-mobile devices to mobile apps, even in offline mode.

 

“By allowing non-mobile devices, such as smart cards and wearables, to exchange value with mobile apps, Crunchfish Digital Cash enable financial inclusion by a swift and easy way to pay in many use cases, also without network connectivity. Our main take away was the positive and encouraging feedback we received from representatives at the central bank of India. We are looking forward to continuing the dialog and take it to the next level as Digital Cash is relevant for the Indian payments market”, 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 30 May 2022 at 14:05 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 opens a subsidiary in India. No. 1 real-time payments market in the world.

Crunchfish Digital Cash AB expands its operation with the recently opened subsidiary Crunchfish India Private Limited Company. Digital payments is growing very fast in India and is likely to surpass 100 billion transactions already in 2022 and projected to go beyond 500 billion in 2025. The Crunchfish India subsidiary will be strengthen Crunchfish’s market presence in India and demonstrate its commitment to the market.

Crunchfish takes further steps in its establishment in India through the newly registered Crunchfish India Private Limited Company. The Indian subsidiary provides the enabling framework to advance Crunchfish Digital Cash in India.

India ranks as No. 1 in the world for real-time digital payments and the growth will accelerate further. The numbers of transactions is projected to reach a staggering 500 billion in 2025. Focus is on mass-reach solutions on interoperable platforms where offline payments will be a key component. Policy and regulatory support from government and the Reserve Bank of India will drive the next leap of growth.

Timeline

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Source NASSCOM: India Digital Payments 4.0 – Sprinting towards a world-leading digital payments ecosystem in 2025.
Numbers in crore = 10 million transactions.

“We see significant potential for Crunchfish Digital Cash platform in India as offline payments will be key role in this mass-reach Payments 4.0 era of digital payments. Our Indian subsidiary demonstrates Crunchfish commitment to the market and will be beneficial in interaction with RBI and government agencies, that are actively driving the innovation landscape. It is important to be present where the action is.” 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 27 May 2022 at 07:30 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.

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Crunchfish and T-Hub launches Augmenting Payment Accelerator program

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

 

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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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