DIBS and PrestaShop initiate partnership for growth in Europe

DIBS and PrestaShop initiate partnership for growth in Europe

DIBS, the leading Nordic provider of payment solutions for Internet,
today announced that it has entered into a strategic agreement with
PrestaShop. DIBS payment solutions will be integrated into PrestaShop's
e-commerce software that is used by 50 000 e-shops worldwide. The
partnership enables PrestaShop's customers to choose DIBS as their
provider of payment services.

“The agreement with PrestaShop is the first major step in DIBS strategy
to expand outside the Nordic region. We provide PrestaShop with new
business opportunities related to financial transactions and they
provide us with an excellent distribution channel, particularly to the
French market. Based on our strong position in the Nordic region, we are
dedicated to continue to tap into growth opportunities across Europe
together with our customers and partners," says Eric Wallin, CEO of
DIBS.

PrestaShop is one of the world's leading e-commerce softwares used by
over 50,000 e-shops worldwide, including prominent names such as Centre
Pompidou, Peugeot Sport and Mercedes-Benz. The agreement with DIBS
enables PrestaShop to deepen the commercial relations to its e-commerce
customers with regards to payment infrastructure.

” PrestaShop is a driving force in e-commerce worldwide. Last year our
community grew by over 250% and we are dedicated to continue our rapid
growth as we are introducing our new version V 1.4, with over 65 new
features. Together with DIBS we will enrich our e-commerce offering and
will financially leverage our position at the centre of huge amounts of
e-commerce transactions,” said Christophe Crémer, General Manager at
PrestaShop.

The foundation for DIBS European expansion is its strong market position
in the Nordic region, its technological leadership and its international
payment infrastructure. After recent consolidation in the industry, only
very few independent payment service providers remain in Europe and DIBS
believes that there is a significant opportunity for DIBS. DIBS
strategic direction is to further expand its presence into European
markets.

DIBS and PrestaShop's cooperation will generate new customers and
revenues, though it is too early to estimate the future number of users
and transaction volumes.

DIBS European E-commerce Survey, published early January 2011, is a
thorough analysis of the potential across Europe. Based on 8600
interviews, the total e-commerce market is estimated to be 178 billion
euro in eight selected European countries; whereof the UK 47.6 billion
euro, Spain 19.7 billion euro, Germany 55.7 billion euro, France 31.8
billion euro, Sweden 7.0 billion euro, Norway 6.2 billion euro, Finland
4.1 billion euro and Denmark 5.5 billion euro.

This means that the French market alone is nearly 40% larger than the
combined markets in Sweden, Denmark, Norway and Finland. The potential
for further growth across Europe is large as the average consumer
completes only slightly more than one online purchase per month.
Furthermore, e-commerce is still just a fraction of total household
consumption.

For further information, please contact:

Eric Wallin, CEO, DIBS, tel. +46 8-527 525 03 or +46 703 29 77 74 or
eric.wallin@dibs.se (eric.wallin@dibs.se)

DIBS Payment Services is the leading independent provider of functional,
secure and innovative payment services for Internet commerce in the
Nordic countries. DIBS handles transactions for more than 14,000
customers and has offices in Stockholm, Copenhagen, Oslo and Gothenburg.
DIBS is listed on the NASDAQ OMX First North in Stockholm, with Penser
Bank as certified adviser.
Read more at www.dibs.se (http://www.dibs.se).

 (http://www.dibs.se)