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Stock impact report

VEON Launches Geolocation Gateway, Enabling Proximity-Based Digital Services [Yahoo! Finance]

VEON Ltd. - American Depositary Shares (VEON) 
US:NASDAQ Investor Relations: veon.com/investor-relations
Company Research Source: Yahoo! Finance
Amsterdam and Tashkent, 21 February 2024 : VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, today announced the launch of the Geolocation Gateway with the first implementation already in place in Uzbekistan. Building on the global GSMA Open Gateway framework for universal, open APIs (Application Programmable Interfaces) for enterprise developers, the Geolocation Gateway will enable a wide range of use cases, from proximity-based commercial services to reducing fraud in financial services, as well as supporting location-based emergency response. The Geolocation Gateway, developed by VEON in partnership with Nokia and Infobip, allows applications to determine the location of devices. For financial institutions, the Geolocation Gateway will enable them to determine if an individual is actually present during a transaction such as an ATM withdrawal or a credit card payment. For commercial companies, Show less Read more
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