VEON Plans to Roll out Masterpass
February 28 2017 - 2:00AM
Business Wire
New VEON platform plans to offer secure,
one-click mobile payments to over 235m customers
Mastercard today announced a new business relationship with
VEON, to bring Masterpass to their new VEON platform.
As an international communications and technology company
offering voice, fixed broadband, data and digital services to more
than 235 million customers in 12 markets, VEON plans to offer its
subscribers the ability to manage their accounts, top-up their
data, as well as buying content, products and services through
partner retailers and services.
By integrating Masterpass, users of the VEON platform may
benefit from fast, secure one-click payments to buy mobile airtime
or make e-commerce purchases. Masterpass stores all payment
information, including card details from Mastercard and other
payment networks, in one convenient, secure place.
To complete a transaction, VEON users would simply need to tap
the integrated Masterpass button within the platform.
AJ Hanna, Chief Mobile Financial Services Officer, VEON said:
“VEON is our new personal internet platform integrating
communication, messaging and everything the internet has to offer.
It will use powerful data analytics and artificial intelligence to
provide users with relevant information, offers and services at
exactly the right time and finally put the user in control. Buying
things on the internet must be easy and seamless otherwise money
gets left on the table. That is why this partnership with
Mastercard is so important. VEON users will be able to discover,
shop, and consume on VEON with one click through Masterpass.”
Jorn Lambert, Executive Vice President of Digital Channels and
Regions at Mastercard said: “Millions of VEON customers can now
benefit from the speed and simplicity of one-click payments when
they are on the new VEON platform. It will also give retail
partners access to VEON’s huge customer base. We are driving more
and more deals of this kind with global scale.”
The two businesses already have a long-standing partnership but
under these new plans, Mastercard’s global footprint will allow
VEON to scale the solution to its other markets around the
world.
As well as the benefits to VEON’s 235 million subscriber base,
the introduction of Masterpass to facilitate mobile payments would
make the company an attractive partner to retailers, because it can
make purchasing easier, and it can increase their revenues and
reduce costs. It would allow VEON to open up a whole new range of
services for its users through their mobile devices.
Download our Mobile World Congress 2017 app or
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About Mastercard
Mastercard, www.mastercard.com, is a technology company in
the global payments industry. We operate the world’s fastest
payments processing network, connecting consumers, financial
institutions, merchants, governments and businesses in more than
210 countries and territories. Mastercard’s products and solutions
make everyday commerce activities – such as shopping, traveling,
running a business and managing finances – easier, more secure and
more efficient for everyone. Follow us on
Twitter @MastercardNews, join the discussion on
the Beyond the Transaction Blog and subscribe for the
latest news on the Engagement Bureau.
About VEON
VEON, a NASDAQ-listed global provider of communications
services, formerly known as VimpelCom, aspires to lead the personal
internet revolution for the 235 million customer it serves today,
and many others in the years to come.
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version on businesswire.com: http://www.businesswire.com/news/home/20170227006140/en/
MastercardCommunications:Adam Keal, +44 (0)7710
916144Adam.keal@mastercard.com
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