Kyivstar, the leading Ukrainian mobile operator, intends in early 2017 with the help of its subsidiary StarMoney LLC to launch the first set of financial services, in particular, public transfers and payments to third parties.
The press service of the company said, bank issuing electronic money in the project would be state-controlled Ukrgasbank and Pravex-Bank controlled by Italia’s Intesa Sanpaolo, selected at a tender. Currently, the company is conducting a tender to select one of payment systems.
“The project to provide Kyivstar subscribers with mobile financial services consists of several blocks. One of them is currently undergoing pilot testing, while its commercial launch is scheduled for early 2017”, the press service said. (Interfax/Business World Magazine)