Crunchfish and ClearOn have launched a new payment solution for retail transactions using the Swish mobile payment service. Blippit, a joint venture between the two companies, will deliver the new service. Blippit combines a new app terminal with the ClearOn online clearing service, currently operational in 20,000 points of sale in the grocery retail and convenience store sectors. Swish users pay by tapping their mobile on the app terminal, which has been developed by Crunchfish.
Swish is growing fast and currently has more than 6.5 million users in Sweden and 180,000 subscriber companies. In 2018, close to 400 million payments were made with Swish. The rapid growth in the service last year was driven primarily by strong uptake among large e-commerce companies.
Through Blippit, Crunchfish and ClearOn are paving the way for consumers to use Swish for retail transactions. Small stores in Sweden have begun to offer Swish payments, but larger retailers with high-volume payment flows require a solution that integrates Swish with their cash registers to facilitate easy payment.
Anders Edlund, Business Development Manager at Getswish AB, says: “Blippit’s solution will make Swish more accessible as a payment medium in physical stores while creating the scope for further growth.”
Pontus Ellefsson, ClearOn CEO, adds: “Together with Swish, we can now offer a smart payment solution for in-store retail using our existing infrastructure, which handles millions of kronor in coupon and vouchers every year.”
The process of introducing Swish to retail points of sale using Blippit app terminals began in autumn 2018, and the solution will be presented at Innoday at Stockholm Waterfront Conference Centre on 21 March.
Joachim Samuelsson, Chairman of the Board of Crunchfish and Acting CEO of Blippit, says: “Blippit will change the way we pay for goods in Sweden as we modernise the terminals, payment exchanges and coupon management in physical stores. With Swish as the payment solution, this will be a rapid transformation.”
For further information, please contact:
Joachim Samuelsson, Chairman of the Board of Crunchfish and Acting CEO of Blippit
phone +46 708 464788
Joakim Nydemark, CEO Crunchfish and non-executive director of Blippit
phone + 46 706 351609
Pontus Ellefsson, CEO ClearOn and non-executive director of Blippit
phone +46 707 344004
Anders Edlund, Business Development Manager Getswish
phone +46 706 661525
About Crunchfish – crunchfish.com
Crunchfish develops and markets patented interaction solutions for augmented reality and m-commerce. Our technologies make it possible to control AR glasses and consumer electronics with gestures. We are a world leader in this field, with installed software in tens of millions of devices in partnership with customers including OPPO, Epson and Lenovo. In m-commerce we focus on near-field interaction, operating through our subsidiary Crunchfish Proximity. Using proprietary app terminal and software we provide touch-based voucher redemption and payments through a joint venture company, Blippit, in partnership with ClearOn. Headquartered in Sweden, Crunchfish was founded in 2010 and has been listed on Nasdaq First North since 2016.
Blippit AB gives mobile apps access to retail points of sale via an app terminal. The Blippit app terminal is a new type of payment infrastructure that provides an interface between app and point of sale. This innovative solution is transforming payment terminals, payment exchanges and coupon management in physical stores. Blippit is owned jointly and equally by Crunchfish Proximity and ClearOn.
About ClearOn – clearon.se
ClearOn AB is leading the development of coupons and payment services in retail. It also develops and sells POS systems under the Wave brand name. ClearOn works closely with 6,000 retail stores in the clearing of coupons, vouchers, money orders and payments worth SEK 5 billion per year. The company’s Kassagirot service enables consumers and businesses to pay, deposit, exchange and transfer money in collaboration with Bankgirot, Nordea, Swedbank and MoneyGram. ClearOn is a payments institution under the supervision of Sweden’s Financial Supervisory Authority and is owned by DLF Sweden.
About Swish and Getswish AB – getswish.se
Swish began as a collaboration between six of Sweden’s largest banks. It facilitates fast payments from user bank accounts. Swish has more than 6.5 million users and approximately 180,000 subscriber companies. It was Sweden’s “most recommended” brand in 2017 and 2018. Swish is owned by Getswish AB.