SME Pay in Collaboration with Mastercard

6 March 2018

VIPERA PLC

("Vipera" or the "Company")

Vipera Launches SME Pay in Collaboration with Mastercard

Vipera plc (AIM: VIP), the specialist provider of mobile financial services, is pleased to announce that Vipera and Mastercard have collaborated to launch SME Pay, a mobile payment solution that helps small business owners to view, control and manage their income and expenditure, wherever they, or their staff, are.

The SME Pay mobile app comes with a dedicated mPos (mobile point of sale) device, which allows small businesses to accept payments from clients, directly onto their Mastercard Business Card.

The SME Pay solution also allows small business owners to control spending by setting multiple conditions on the use of their staffs' Mastercard Business Cards. The app allows the owner to decide whether staff can make payments in-store, buy online or withdraw cash from ATMs, setting transaction limits, authorised transaction times and provides alerts when one of the business cards is used. All controls are real-time and can be individually amended on the owner's mobile app, or on their online dashboard.

User profiles can also be created for teams, giving their cards different functionality depending on need: for example, field staff may only use their cards in-store, office staff only online. Additionally, to facilitate expense management users can attach photos of receipts to each transaction and export all transactions to excel or as a pdf.

Vipera and Mastercard will be demonstrating the solution today at Finovate Europe, being held at ExCeL London.

Vipera CEO Marco Casartelli commented: "We are delighted to be launching SME Pay in collaboration with Mastercard. SME Pay will help small business owners manage their business spending and improve their cash flow. It is a safe and simple solution that will mean staff no longer have to handle cash and spending can be controlled.

"We look forward to rolling out this new and innovative solution."

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About Vipera

Vipera Plc (AIM:VIP) a cutting edge Mobile Financial Services and Digital Customer Engagement Solutions provider, serves financial institutions worldwide with differentiated mobile banking, card management and customer engagement capabilities based around its proprietary bank grade multi-purpose platform, Motif. Additionally, it provides consultancy and other services to banks and financial institutions. For further information, please visit www.vipera.com.