VEON, Mastercard enter into global partnership to boost digital financial services

Friday 5 February 2021 12:59 CET | News

VEON a global provider of connectivity and digital services, has partnered with Mastercard to boost digital financial services in key markets.

According to the press release, the partnership, covering core portions of VEON’s footprint (Russia, Pakistan, Ukraine, Kazakhstan, and Bangladesh), will allow VEON to further scale its digital financial services business by offering consumers and merchants in these countries products tailored to their needs. By working together, the companies will support the financial and digital inclusion of traditionally underserved consumers in each geography.

The partnership is an expansion of the relationship between the two companies that began in May 2020 when Mastercard partnered with Mobilink Microfinance Bank Limited, VEON’s financial services provider in Pakistan, to boost financial inclusion across that fast-growing nation. 

Overall, the initiative further cements the joint commitment of VEON and Mastercard as strategic partners on their journey to empower individuals and communities though financial services access.

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Keywords: VEON, MasterCard, business partnership, digital financial services, online payments, digital inclusion
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce