VEON and Its Fintech Innovations Shine at Global Awards

VEON's Prestigious Recognition at GLOMO Awards

VEON Ltd. (Nasdaq: VEON), known for its pioneering digital services, has garnered significant acclaim with two nominations for the prestigious GLOMO Awards at the upcoming Mobile World Congress. This recognition is a testament to VEON's commitment to driving innovation and financial inclusion through its subsidiaries, JazzCash and Mobilink Microfinance Bank.

JazzCash: Leading the Fintech Revolution

JazzCash, Pakistan's largest fintech, stands at the forefront of digital finance with almost 20 million active users every month. This year, it has been nominated for the 'Best Fintech Innovation' award at the GLOMO Awards for its groundbreaking initiative, Tap Pay for Business. This service transforms mobile devices into Point-of-Sale machines, a feature that is reshaping how businesses manage daily transactions.

Empowering Businesses with Technology

With Tap Pay for Business, entrepreneurs gain real-time access to funds, significantly enhancing their operational efficiency and cash flow. This innovation addresses critical pain points that businesses face, allowing for smoother transactions and newfound flexibility in managing finances. Such advancements not only empower individual business owners but also help drive overall economic growth in the region.

Mobilink Microfinance Bank: Championing Women's Rights

Mobilink Microfinance Bank has also received a nomination for its impactful CMO Marketing Campaign titled 'Invisible Heirs.' This initiative sheds light on the complex issues surrounding inheritance rights for women in Pakistan. The campaign raises awareness of the challenges many women face in claiming their rightful inheritance and addresses this critical societal issue through innovative solutions.

Innovative Solutions for Social Impact

As part of this campaign, Mobilink Bank has integrated an inheritance calculator within its mobile app. This feature provides users with essential tools to understand and claim their legal rights regarding inheritance, making a significant impact on women's financial independence and empowerment. Recognizing the need for accessible financial solutions in social contexts demonstrates Mobilink Bank's commitment to driving positive change.

VEON’s Commitment to Innovation and Inclusion

Kaan Terzioglu, the CEO of VEON, highlighted the importance of these nominations by expressing pride in the company's continued commitment to innovation and financial inclusion. He emphasized that these accolades not only celebrate VEON's hard work but also serve to inspire the larger community of 160 million customers across the regions they serve.

A Legacy of Excellence in Mobile Innovation

VEON's success at the GLOMO Awards aligns with its previous accolades; they won two GLOMO Awards in 2024 and 2023, recognizing their dedication to mobile innovation and their ability to deliver outstanding services under challenging circumstances. This impressive track record underscores VEON's position as a leader in the digital space.

The anticipation surrounding the GLOMO Awards ceremony on March 5th, 2025, in Barcelona adds to the excitement of this event. Both JazzCash and Mobilink Bank are eager to showcase their innovations and the difference they are making in the financial landscape.

About VEON

VEON is more than just a telecommunications company; it’s a digital operator that connects nearly 160 million customers across six countries. With a strong commitment to transforming lives through technology-driven services, VEON continues to pave the way for digital empowerment. Headquartered in Dubai and listed on NASDAQ, the company's mission goes beyond connectivity as it serves to enhance individuals' lives and drive economic growth.

Contact Information

For more information on VEON’s innovations and initiatives, please reach out to:
Hande Asik
Group Director of Strategy and Communications
pr@veon.com

Frequently Asked Questions

What are the GLOMO Awards?

The GLOMO Awards are prestigious awards given annually during the Mobile World Congress to recognize innovations and achievements in the mobile technology sector.

What is JazzCash?

JazzCash is Pakistan's largest fintech service, offering a variety of digital payment solutions to enhance financial inclusivity and facilitate seamless transactions.

How does Tap Pay for Business work?

Tap Pay for Business allows businesses to accept payments directly through mobile devices, acting as Point-of-Sale terminals that provide easy access to funds.

What is the 'Invisible Heirs' campaign?

'Invisible Heirs' is a campaign by Mobilink Microfinance Bank aimed at raising awareness about women's inheritance rights and providing tools to help them claim their rightful inheritance.

Why is VEON important in the digital space?

VEON plays a crucial role in transforming lives by providing digital services and connectivity to millions, driving economic growth and promoting financial inclusion across its operating countries.

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