Sandpiper Digital Payments AG

EQS-News: SANDPIPER signs partner agreement with Hudoud Alteqnia for Saudi Arabian digital ID management and mobile payment market


EQS Group-News: Sandpiper Digital Payments AG / Key word(s): Alliance/Expansion
SANDPIPER signs partner agreement with Hudoud Alteqnia for Saudi Arabian digital
ID management and mobile payment market

11.01.2017 / 22:30
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SANDPIPER Digital Payments AG signs partner agreement with Hudoud Alteqnia
for Saudi Arabian digital ID management and mobile payment market

St. Gallen, Switzerland / Riyadh, Saudi Arabia January 11th, 2017:SANDPIPER
Digital Payments AG("SANDPIPER", ISIN: CH0033050961, Ticker:
SDP,www.sandpiper.ch), a leading company in Europe for cashless payment systems
and services signs partner agreement with Hudoud Alteqnia Ltd. for Saudi Arabian
digital ID management and mobile payment market.

- Hudoud Alteqnia will market and sell SANDPIPER's digital ID management and
mobile payment platform to the Saudi Arabian public and private sectors
delivering new government services, and drive healthcare, retail, and
manufacturing innovation.

- Both partners see a vast potential for digital ID management and mobile
payment to support the country's transformation towards post-oil technologies
for Saudi Millennials.

Dr. Cornelius Boersch, President of the Board of SANDPIPER comments: "We are
very pleased to have won Hudoud Alteqnia as the exclusive partner for our ID
management and payment solution. The subject of the contractual agreements with
Hudoud Alteqnia is also a technology partnership to support the country's
digital transformation for innovative government services. Together with Hudoud
Alteqnia expertise we strongly believe we can support the country's
transformation towards post-oil technologies."

"We are confident that together with Hudoud Alteqnia we can enable the country's
plan for extending e-services. Digital platforms across public- and private
sectors deliver new government services, and drive healthcare, retail, and
manufacturing innovation", says Alexander Schümperli, Chief Executive Officer
Technology of SANDPIPER.

Together with its subsidiaries SANDPIPER is the market leader for
multifunctional card systems for universities, institutions of higher learning
and other educational institutions in Germany and Switzerland. Over 250
universities, and more than 300 schools, institutions of higher education and
student services in Europe alone trust in the high security standards and the
reliability of solutions from SANDPIPER Digital Payments. Over 1.5 million
students are now using the multifunctional card for access and payment, mobile
wallet application and fingerprint solutions.

"We see a growing demand for our market leading portfolio of multifunctional ID
management and payment solutions in Saudi Arabia", says Dr. Abdulaziz Saleh Al
Jarbou, Executive Board member of Hudoud Alteqnia.


SANDPIPER Digital Payments AG

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 by pursuing a "buy & build"
strategy in the area of digital cashless payments and access control.

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

Hudoud Alteqnia

Hudoud Alteqnia is a Saudi technology company, with a history of delivering
national-level projects and teaming with international market leaders in
specific focus areas. The company has unparalleled experience and unique
capabilities in its board and management, with rich know-how and subject matter
expertise across several vertical industries. The company focuses on embracing
modern technology implementation, leading enterprise change from strategy to
architecture, project execution, to operation and maintenance. Hudoud Alteqnia
collaborates with government and corporate clients to enhance their technology
adoption, re-engineer their processes, and implement innovative systems to build
internal capacities and boost employees' output.

Areas of expertise include consulting, building technology projects, and
outsourcing. The company is engaged in implementing largescale information
technology projects, building mobile and web applications, data warehousing and
decision support, integration of various IT systems and applications, and
consulting on major IT initiatives. The company's customer base includes various
ministries, local governments, financial institutions, national planning
agencies, and sectors that span utilities, telecom, oil and gas, security and
defense, among others.

Fady Issa: Tel/Fax: +966-11-4656028, Internet:www.hudoud.com
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Additional features:

Document:http://n.eqs.com/c/fncls.ssp?u=WXCBURGHOC
Document title: SANDPIPER_Hudoud-Alteqnia_Alliance

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End of Corporate News
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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:   BX Berne eXchange



 

End of News EQS Group News Service

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