Finance

VEON Expands Monetary Providers Portfolio

AMSTERDAM, June 7, 2021 /PRNewswire/ — VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a number one world supplier of connectivity and web providers, pronounces that its working firm in Kazakhstan, Beeline, has launched the nation’s first digital fee card built-in with its cellular monetary providers providing. 

Marketed underneath the ‘Merely’ model, the Beeline Kazakhstan digital fee card is a cellular monetary service utility linked to a buyer’s cellphone quantity, an digital pockets and a premium digital Visa Platinum card. The cardboard can be built-in with digital wallets Apple Pay, Samsung Pay and Garmin Pay.

“Cellular monetary providers are a key technique for the long run development of VEON and one that’s extremely suited to the markets we serve the place monetary inclusion stays low,” explains Kaan Terzioglu, CEO of VEON Group. “We’ve efficiently grown monetary providers and e-commerce companies off the again of cellular operations in Pakistan, and we at the moment are asserting the same initiative by Beeline in Kazakhstan.”

Evgeny Nastradin, Chief Government Officer of Beeline Kazakhstan, feedback: “We proceed to spend money on our 4G high-speed information networks, which at present covers 77% of the  inhabitants. Selling digital adoption within the nation is a key focus and one in two Beeline prospects are utilizing our 4G providers and the numbers are rising. Right now, Beeline Kazakhstan is getting into a brand new area, marking a brand new period of cellular monetary providers in Kazakhstan the place at present 40% of the nation’s inhabitants is unbanked. We’re presenting a subsequent era product, which we consider is exclusive available in the market and designed to spice up monetary inclusion. It’s the first cellular digital financial institution within the Republic of Kazakhstan and is an instance of our pioneering method in making the very best product affords and buyer expertise accessible on buyer smartphones. We’re consistently finding out the shopper expertise with the intention to supply market progressive options on the intersection of industries.”

The announcement follows on from VEON’s success in pioneering cellular monetary providers purposes in different working markets together with JazzCash in Pakistan that has surpassed 14 million customers.

About VEON

VEON is a NASDAQ and Euronext Amsterdam-listed world supplier of connectivity and digital providers serving 9 nations, which collectively are dwelling to 9% of the world’s inhabitants. Our corporations are remodeling existence via technology-driven providers that empower alternative in a number of the world’s fastest-growing rising markets.

For extra info, go to: https://www.veon.com

Disclaimer

This launch accommodates “forward-looking statements”, because the phrase is outlined in Part 27A of the U.S. Securities Act of 1933, as amended, and Part 21E of the U.S. Securities Trade Act of 1934, as amended. Ahead-looking statements will not be historic info, and embody statements referring to, amongst different issues, expectations concerning the advantages of Beeline Kazakhstan’s digital fee card. Ahead-looking statements are inherently topic to dangers and uncertainties, lots of which VEON can not predict with accuracy and a few of which VEON may not even anticipate. The forward-looking statements contained on this launch communicate solely as of the date of this launch. VEON doesn’t undertake to publicly replace, besides as required by U.S. federal securities legal guidelines, any forward-looking assertion to replicate occasions or circumstances after such dates or to replicate the prevalence of unanticipated occasions.

Contact Data:

Communications & Investor Relations
Nik Kershaw
[email protected] 
+31 20 79 77 200

SOURCE VEON Ltd.

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