Amsterdam, 14 March 2022 - VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces the appointment of Atyab Tahir as Chief Executive Officer of JazzCash, the number one digital financial services provider in Pakistan and a division of Jazz, a VEON Group company that is Pakistan’s leading mobile services provider.

Atyab is currently Country Manager of MasterCard Pakistan & Afghanistan and has over two decades of international experience in banking and consulting, including senior positions at Fidelity Investments, HBL, Telenor Bank and easypaisa.

“We are very pleased that Atyab will lead JazzCash, which is a key driver of digital services growth in Pakistan, one of our core geographies,” said Kaan Terzioğlu, VEON’s Chief Executive Officer.

“JazzCash represents a huge value generation opportunity, and we are confident that Atyab’s vast fintech background will help us reach a new level as we expand the services provided through the JazzCash mobile app,” added Khairil Abdullah, CEO of VEON Ventures.

As shown in our full year 2021 earnings release published on 28 February 2022, JazzCash reported 15.2 million monthly active users (+24.9% YoY) and 130,800 monthly active merchants (+2.3 times YoY).

Atyab’s appointment will be effective from 1 May 2022

About Veon

VEON is a NASDAQ and Euronext Amsterdam-listed global provider of connectivity and digital services. Our companies are transforming lifestyles through technology-driven services that empower opportunity in some of the world’s fastest-growing emerging markets. For more information, visit: https://www.veon.com  

Disclaimer

This release contains "forward-looking statements", as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, the potential benefits of the appointment and business initiatives described above. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events. 

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