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Cembra and IKEA Switzerland launch the IKEA Family credit card

6 April 2021

Cembra and IKEA Switzerland launch the IKEA Family credit card

Zurich – Cembra and IKEA Switzerland are taking the first step in their already announced collaboration: the IKEA Family credit card is now available in all IKEA furnishing stores in Switzerland and online at ikea.ch/creditcard.

The new card combines the advantages of the IKEA loyalty programme "IKEA Family" with those of a modern payment method. When using the card outside of IKEA Switzerland, valuable bonus points are collected, which can in turn be redeemed in the form of gift vouchers in all Swiss IKEA furnishing stores to pay for purchases. Within IKEA, Family Members benefit from the well-known advantages of the loyalty programme when they present their card at the till.

The fully fledged credit card with no annual fee can also be obtained by the partner in the same household. In addition, it offers a part-payment option, and can be used in more than 43 million Mastercard locations around the world as well as online. In addition, the IKEA Family credit card comes with mobile payment options and various insurance benefits, and can be individually designed using MyDesign.

As a special innovation, this credit card is globally the first with a card body made entirely from recycled plastic (rPVC), sourced from production waste in the packaging and printing industry in Europe. The cards are produced by the security technology company and smart card manufacturer IDEMIA ¹.

The launch of the joint credit card is the first step in the collaboration, which is also set to offer other Cembra products and services to IKEA Switzerland customers.

Contact
Media:	Carolin Schulze; +41 79 906 00 48; media@cembra.ch
Investor Relations:	Marcus Händel; +41 44 439 85 72; investor.relations@cembra.ch

About Cembra Money Bank

Cembra is a leading Swiss provider of financing solutions and services. Our product range includes consumer credit products such as personal loans and auto leases and loans, credit cards, the insurance sold in this context, SME loans, invoice financing, and deposits and savings products.

We have over 1 million customers in Switzerland and employ more than 1,000 people from 39 different countries. We have our headquarters in Zurich and operate across Switzerland through our network of branches and our online distribution channels, as well as our credit card partners, independent intermediaries and car dealers.

We have been listed as an independent Swiss bank on the SIX Swiss Exchange since October 2013. Cembra is rated A– by Standard & Poor’s and is included in the SXI Switzerland Sustainability 25 Index and in the 2021 Bloomberg Gender Equality Index.

About IKEA Switzerland

In 1973, IKEA opened its first furniture store outside Scandinavia in Spreitenbach (Zurich). Today, IKEA Switzerland operates nine stores at different locations. IKEA Switzerland employs around 3,000 people and generates annual sales of around CHF 1.1 billion.

About the Ingka Group
The Ingka Group (Ingka Holding B.V. and the subsidiaries it controls) is one of twelve groups of companies that operate under franchise agreements with IKEA Systems B.V., owning and operating IKEA stores. The Ingka Group has three divisions: IKEA Retail, Ingka Investments and Ingka Centres. With 380 IKEA stores in 30 countries, the Ingka Group is a strategic partner in the IKEA franchise system. These IKEA stores recorded 706 million visits in the fiscal year 2020.

¹ About IDEMIA

IDEMIA, the global leader in Augmented Identity, provides a trusted environment enabling citizens and consumers alike to perform their daily critical activities (such as pay, connect and travel), in the physical as well as digital space. Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, an identity that ensures privacy and trust and guarantees secure, authenticated and verifiable transactions, we reinvent the way we think, produce, use and protect one of our greatest assets – our identity – whether for individuals or for objects, whenever and wherever security matters. We provide Augmented Identity for international clients from Financial, Telecom, Identity, Public Security and IoT sectors. With close to 15,000 employees around the world, IDEMIA serves clients in 180 countries.