Fobi AI Inc. announce the signing of a national Passcreator Wallet pass deal with S4S. The deal involves the digitization of plastic gift cards and paper-based credit notes from S4S that will now be managed and redeemed utilizing Fobi’s Passcreator Wallet pass. S4S is one of the largest retailers in Iceland, and Fobi expects to generate immediate revenue through the licensing of Wallet passes to S4S through Leikbreytir. As a result of these 4 benefits, S4S believes adoption of Fobi’s Passcreator Wallet pass will give them a significant advantage in Iceland’s very competitive gift card market, where corporations and the government often give gift cards to their employees, generating a significant amount of revenue for retailers. S4S believes they can capture a larger share of this market using Fobi’s Wallet pass based digital gift cards.