VEON’s JazzCash Strengthens Pakistan’s Funds Ecosystem With Mastercard Partnership

Partnership to toughen financial inclusion all over COVID-19 pandemicAMSTERDAM, Would possibly perchance perchance 5, 2020 /PRNewswire/ — VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and digital services, publicizes a partnership between JazzCash and cost abilities chief Mastercard that strengthens the funds ecosystem for retailers and customers in Pakistan.Extra than seven million customers and retailers declare JazzCash every month, making it Pakistan’s leading digital wallet. The partnership with Mastercard will allow retailers to settle for digital funds from customers, digitise their provide chain, and walk to cashless operations.In a first for Pakistan, retailers and patrons who be a part of JazzCash wallet will have the option to salvage pleasure from a mountainous quite so much of of Mastercard’s digital alternate ideas and capabilities to pay for orders and services by skill of all digital channels as successfully as manufacture online funds in a like a flash, safe and handy system. VEON’s co-CEO Sergi Herrero commented: “The COVID-19 pandemic is highlighting the need for digital funds, greater than ever before. This partnership with Mastercard will allow our greater than seven million customers and retailers to originate their crucial transactions in a stable and efficient reach.  In due course, with a younger and mercurial-rising inhabitants of greater than 200 million, there could be clearly scope in Pakistan for JazzCash to flee its fresh growth while improving financial inclusion.”Amnah Ajmal, Executive Vice President, Market Pattern, Heart East and Africa – Mastercard, talked about: “With a keen percentage of Pakistan’s inhabitants aloof unable to salvage entry to formal financial services, this partnership serves to force financial inclusion within the country and must aloof present customers with a arrangement more useful, sooner and more stable reach of creating funds. This would perchance further equip them with the needed instruments to salvage pleasure from a newer and revamped digital economy. As a world chief within the funds abilities sector, we’re dedicated to helping Pakistan release the industrial alternatives offered by digital funds.”JazzCash customers will additionally have salvage entry to to Mastercard’s virtual and branded debit cards that could perchance even be utilized in 55,000 aspects of sale and ATMs in Pakistan, as successfully as to JazzCash retailers and e-commerce sites.About VEONVEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and web services, headquartered in Amsterdam. Our imaginative and prescient is to empower buyer ambitions via abilities, acting as a digital concierge to handbook their selections and join them with sources that match their needs. For more files search the recommendation of with: http://www.veon.com.DisclaimerThis originate contains “ahead-having a search statements”, as the phrase is printed in Portion 27A of the U.S. Securities Act of 1933, as amended, and Portion 21E of the U.S. Securities Alternate Act of 1934, as amended. Forward-having a search statements are not historical information, and consist of statements pertaining to to, amongst other issues, expectations relating to the power to successfully develop our working mannequin, vogue plans, reminiscent of these interesting our digital funds initiatives, and linked transactions. Forward-having a search statements are inherently enviornment to dangers and uncertainties, many of which VEON cannot predict with accuracy and a few of which VEON would perchance not even await. The ahead-having a search statements contained on this originate keep in touch only as of the date of this originate. VEON does not undertake to publicly change, aside from as required by U.S. federal securities authorized pointers, any ahead-having a search commentary to verbalize events or conditions after such dates or to verbalize the incidence of unanticipated events.VEON Contacts:CommunicationsKieran Tooheypr@veon.com Tel: +31-20-79-77-200Investor Relatives                    Nik Kershawir@veon.com                             Tel: +31-20-79-77-200     CisionView long-established reveal material:http://www.prnewswire.com/files-releases/veons-jazzcash-strengthens-pakistans-funds-ecosystem-with-mastercard-partnership-301052287.htmlSOURCE VEON Ltd

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