AMSTERDAM, June 7, 2021 /PRNewswire/ -- VEON Ltd.
(NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global
provider of connectivity and internet services, announces that its
operating company in Kazakhstan,
Beeline, has launched the country's first digital payment card
integrated with its mobile financial services offering.
Marketed under the 'Simply' brand, the Beeline Kazakhstan
digital payment card is a mobile financial service application
linked to a customer's phone number, an electronic wallet and a
premium digital Visa Platinum card. The card is also integrated
with digital wallets Apple Pay, Samsung Pay and Garmin Pay.
"Mobile financial services are a key strategy for the future
growth of VEON and one that is highly suited to the markets we
serve where financial inclusion remains low," explains Kaan Terzioglu, CEO of VEON Group. "We have
successfully grown financial services and e-commerce businesses off
the back of mobile operations in Pakistan, and we are now announcing a similar
initiative by Beeline in Kazakhstan."
Evgeny Nastradin, Chief Executive Officer of Beeline Kazakhstan,
comments: "We continue to invest in our 4G high-speed data
networks, which currently covers 77% of the population.
Promoting digital adoption in the country is a key focus and one in
two Beeline customers are using our 4G services and the numbers are
growing. Today, Beeline Kazakhstan is entering a new field, marking
a new era of mobile financial services in Kazakhstan where currently 40% of the
country's population is unbanked. We are presenting a next
generation product, which we believe is unique in the market and
designed to boost financial inclusion. It is the first mobile
digital bank in the Republic of Kazakhstan and is an example of our pioneering
approach in making the best product offers and customer experience
available on customer smartphones. We are constantly studying the
customer experience in order to offer market innovative solutions
at the intersection of industries."
The announcement follows on from VEON's success in pioneering
mobile financial services applications in other operating markets
including JazzCash in Pakistan
that has surpassed 14 million users.
About VEON
VEON is a NASDAQ and Euronext Amsterdam-listed global provider
of connectivity and digital services serving nine countries, which
together are home to 9% of the world's population. Our
companies are transforming lifestyles through technology-driven
services that empower opportunity in some of the world's
fastest-growing emerging markets.
For more information, visit: https://www.veon.com
Disclaimer
This release contains "forward-looking statements", as the
phrase is defined in Section 27A of the U.S. Securities Act of
1933, as amended, and Section 21E of the U.S. Securities Exchange
Act of 1934, as amended. Forward-looking statements are not
historical facts, and include statements relating to, among other
things, expectations regarding the benefits of Beeline Kazakhstan's
digital payment card. Forward-looking statements are inherently
subject to risks and uncertainties, many of which VEON cannot
predict with accuracy and some of which VEON might not even
anticipate. The forward-looking statements contained in this
release speak only as of the date of this release. VEON does not
undertake to publicly update, except as required by U.S. federal
securities laws, any forward-looking statement to reflect events or
circumstances after such dates or to reflect the occurrence of
unanticipated events.
Contact Information:
Communications & Investor Relations
Nik Kershaw
ir@veon.com
+31 20 79 77 200
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SOURCE VEON Ltd.