VEON (VEON) said Thursday it has partnered with Mastercard (MA) to accelerate the development of accessible digital financial services across Ukraine, Kazakhstan, Pakistan, and Uzbekistan.
The companies plan to combine VEON's digital platforms with Mastercard's payments network to develop AI-powered financial services, including digital wallets, embedded finance, and remittance solutions, subject to regulatory approvals.
Financial terms of the deal were not disclosed.
The collaboration is expected to begin with pilot programs in Ukraine and Kazakhstan before potentially expanding to VEON's other markets, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments