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VEON Expands Monetary Providers Portfolio

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

Marketed below the ‘Merely’ model, the Beeline Kazakhstan digital fee card is a cell monetary service software 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.

“Cell 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. “Now we have efficiently grown monetary providers and e-commerce companies off the again of cell operations in Pakistan, and we at the moment are saying 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 clients are utilizing our 4G providers and the numbers are rising. Right this moment, Beeline Kazakhstan is getting into a brand new area, marking a brand new period of cell monetary providers in Kazakhstan the place at present 40% of the nation’s inhabitants is unbanked. We’re presenting a subsequent technology product, which we consider is exclusive available in the market and designed to spice up monetary inclusion. It’s the first cell digital financial institution within the Republic of Kazakhstan and is an instance of our pioneering method in making the very best product gives and buyer expertise obtainable on buyer smartphones. We’re continuously learning the shopper expertise so as to supply market modern options on the intersection of industries.”

The announcement follows on from VEON’s success in pioneering cell monetary providers functions 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 international supplier of connectivity and digital providers serving 9 international locations, which collectively are residence to 9% of the world’s inhabitants. Our corporations are reworking life by way of technology-driven providers that empower alternative in among the world’s fastest-growing rising markets.

For extra data, 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 Alternate Act of 1934, as amended. Ahead-looking statements are usually not historic details, and embody statements referring to, amongst different issues, expectations relating to the advantages of Beeline Kazakhstan’s digital fee card. Ahead-looking statements are inherently topic to dangers and uncertainties, lots of which VEON can’t predict with accuracy and a few of which VEON won’t 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 mirror occasions or circumstances after such dates or to mirror the prevalence of unanticipated occasions.

Contact Data:

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

View authentic content material:https://www.prnewswire.com/news-releases/veon-expands-financial-services-portfolio-301306538.html

SOURCE VEON Ltd.

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