DIBS applies to Swedish Financial Supervisory Authority to comply with the EU Payment Services Directive.

DIBS applies to Swedish Financial Supervisory Authority to comply with the EU
Payment Services Directive.

DIBS, the leading provider of payment solutions for e-commerce in the Nordics,
has applied to the Swedish Financial Supervisory Authority to become a so called
payment institute in order to comply with the EU Payment Services Directive. The
ambition is to make it easier for retailers to accept payments via internet and
smart phones.

DIBS role in the value chain is to safely and easily manage the transaction flow
in digital commerce. The ambition is to simplify for e-shops to start up their
business or expand existing offerings to new markets.

By collecting the e-stores' cash flows from various financial players, DIBS can
make it easier for stores to launch e-commerce. In addition, it improves the
overview of the transaction flows.

DIBS has therefore decided to offer services as a financial counterpart to
online merchants for different types of payments. This means that DIBS, in some
cases, will act as a so-called payment institute. This is subject to approval by
the Swedish Financial Supervisory Authority in accordance to the Payment
Services Act (2010:751).

“DIBS is a driving force in e-commerce. We will now simplify the process for
companies to start e-commerce and expand into new markets. This makes it even
easier to grow digital sales via internet and mobile phones,” says Eric Wallin
CEO of DIBS.

Swedish Financial Supervisory Authority´s handling time is up to 90 days. After
approval, the service will be launched in Sweden and then rolled out in the
Nordic countries and possibly to other markets as well.

DIBS assessment is that the business opportunities of the new services justify
the limited financial risk involved in being counterparty. It is still too early
to comment on the effect of DIBS sales and earnings.

For more information please contact
Eric Wallin, CEO of DIBS, +46703 29 77 74 or eric.wallin@dibs.se

DIBS Payment Services is the Nordic region’s leading supplier of functional,
secure and innovative payment services for commerce via Internet.
DIBS manages transactions for over 14 000 customers on a daily basis.
DIBS has offices in Stockholm, Gothenburg, Oslo and Copenhagen. DIBS is traded
on the First North marketplacewith Erik Penser Bankaktiebolag as Certified
Advisor.