PartnershipJul 2, 2026, 06:02 AM
VEON, Mastercard Partner to Expand Financial Services in 4 Countries
AI Summary
VEON Ltd. and Mastercard have announced a collaboration to accelerate the development of inclusive, intelligent, and accessible financial services across Ukraine, Kazakhstan, Pakistan, and Uzbekistan. The partnership will combine VEON’s local digital platforms and customer reach with Mastercard’s global payments network and expertise. They intend to explore AI-powered credit scoring, embedded finance, digital wallets, merchant services, loyalty, and remittances, with initial pilots planned for Ukraine and Kazakhstan.
Key Highlights
- VEON and Mastercard collaborate to expand financial services.
- Focus on Ukraine, Kazakhstan, Pakistan, and Uzbekistan.
- Develop AI-powered credit scoring, embedded finance, and digital wallets.
- Solutions to include merchant services, loyalty, and remittances.
- Aims to address financial exclusion for millions of people and businesses.
- Pilots expected to begin in Ukraine and Kazakhstan.
- Leverages VEON's local platforms and Mastercard's global network.
Price Impact
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