GlobeNewswire·Sep 15, 2026, 7:04 AM ET

VEON and Beeline Kazakhstan Sign Payments Cooperation Memorandum with National Bank of Kazakhstan

VEON Digital Financial Group & Beeline Kazakhstan signed a Memorandum of Cooperation with the National Bank of Kazakhstan on 15 September 2026 to explore digital payment services.
The agreement establishes a five-year framework to connect VEON's digital services with Kazakhstan's national payment & financial infrastructure.
Potential cooperation areas include payment processing, money transfers, & settlement between financial market participants using the National Payment Corporation's infrastructure.
The initiative supports VEON's DO1440 strategy to expand its role in customers' daily lives beyond connectivity.
Beeline Kazakhstan intends to pursue first-category payment organization status to support payment service expansion, subject to regulatory approval.
The memorandum was signed at the Central Asia Fintech Summit in Almaty, hosted by the National Bank of Kazakhstan, the National Payment Corporation, & the Kazakhstan Fintech Network.
The framework does not authorize immediate launch of new financial services; any projects require regulatory, legal, & technical review before proceeding.
VEON serves over 228 million digital users across five countries, while Beeline Kazakhstan serves 11.7 million mobile customers & 1 million fixed internet users.