Sandpiper Digital Payments AG

EQS-News: SANDPIPER Digital Payments AG announces its arrival in Asia by acquiring GoGORILLA


EQS Group-News: Sandpiper Digital Payments AG / Key word(s): Acquisition/Market
launch
SANDPIPER Digital Payments AG announces its arrival in Asia by acquiring
GoGORILLA

12.05.2016 / 07:45
The issuer is solely responsible for the content of this announcement.

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SANDPIPER Digital Payments AG announces its arrival in Asia by acquiring
GoGORILLA

St. Gallen (CH), May 12th, 2016:SANDPIPER Digital Payments AG("SANDPIPER", ISIN:
CH0033050961, Ticker: SDP,www.sandpiper.ch), the market leader in Europe for
cashless payment systems and services, announces its acquiring of
Singapore-based cashless payment startup,GoGORILLA, for an undisclosed amount.

SANDPIPER has invested in ten companies, serving more than five million
end-users in verticals with high entry barriers (sports, events, campuses,
corporations, retail, leisure, security and services). With this move, SANDPIPER
Digital Payments enters the Asian market with a team that has a proven record in
making payments hassle-free for venues, visitors, event organizers, and event
attendees. "Sandpiper's core strategy focuses on the acquisition and integration
of growth companies in the highly fragmented payment industry," says Alexander
Schümperli, Co-CEO of SANDPIPER. "We chose GoGORILLA's team, technology and
results to allow us to expand rapidly across Asia Pacific."?

GoGORILLA has activated over 300,000 RFID wristbands and handled over 8 million
units of cashless currency during events in 3 countries. The startup has worked
on major events including Road To Ultra Singapore, Rainforest Music Festival
Sarawak, Road to Ultra Bangkok, Singapore Jazz Festival, Singapore Yacht Show,
Savour Gourmet Food Festival and more. SANDPIPER currently provides cashless
solutions to 25 stadiums across Europe. The newSANDPIPER Asiateam is now able to
expand their platform and service offerings with full support into venues and
long-term installations such as theme parks and stadiums. In addition, the
platform will include Sandpiper's e-wallet, currently used in over 12,000
locations across the Netherlands, enabling users to carry their funds outside of
the event and into F&B/Retail locations. This will enhance the opportunities for
event organisers to work with their sponsors and communities on a larger scale
pre and post event. "The acquisition of GoGORILLA allows us to reach our true
potential and scalability in providing bespoke solutions for the public in
venues and events, and at the same time positioning SANDPIPER Asia as a one-stop
shop for digital payments," said James Kane, Founder of GoGORILLA. "Together, we
can get a foothold from which to further our development and capabilities in
this region." Following the acquisition, James and his core team will remain to
assist in SANDPIPER Asia's organic growth and will be key to its strategic
direction in the Asia Pacific market.

For inquiries, please contact:?James Kane
james@sandpiper.asiaphone+65 9487 4655
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About SANDPIPER

SANDPIPER Digital Payments AG,www.sandpiper.ch, is a stock-listed technology
holding based in St. Gallen, Switzerland. The company is focused on the
consolidation of the fragmented payment landscape in Europe by pursuing a "buy &
build" strategy in the area of digital cashless payments and access control.

SANDPIPER is already today one of the largest providers of closed-loop payment
systems in Europe. SANDPIPER solutions provide safe and intuitive payment
technologies based on RFID/NFC and mobile applications for markets such as
Retail, Education, Stadium, and Events.

Volker Rofalski, Tel: +41-44-783 80 30; Fax: +41-44-783 80 40,
Internet:www.sandpiper.ch
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Additional features:

Document:http://n.eqs.com/c/fncls.ssp?u=PVMBSMCXAE
Document title: SANDPIPER_GoGORILLA_160512

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12.05.2016  This Corporate News was distributed by Tensid EQS AG. www.eqs.com

The issuer is responsible for the contents of the release.
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Language: English

Company:  Sandpiper Digital Payments AG

          Poststrasse 17

          9001  St. Gallen

          Switzerland

Phone:    +41 44 783 80 49

Fax:      +41 44 783 80 40

E-mail:news@sandpiper.ch

Internet: www.sandpiper.ch

ISIN:     CH0033050961

Valor:    A0MYNQ

Listed:   Foreign Exchange(s) BX


End of News EQS Group News Service
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