Industry standard

VEON Deploys New Industry Standard for Digital Identity Validation

AMSTERDAM, December 7, 2021 / PRNewswire / – VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and Internet services, today announces the global launch of its MobileID initiative, an authentication, information management system identification and control permissions that will protect consumers and retail businesses. VEON intends to deploy MobileID to its 212 million customers in nine countries and offer it as a standard to mobile operators around the world to provide digital identity validation fully compliant with local data privacy laws.

“Digital identity is one of the great challenges of our time,” says Kaan Terzioglu, CEO of VEON Group. “To date, the world has struggled with competing forces to make the consumer experience more transparent, while decreasing the risk of online fraud. MobileID will allow mobile operators to be the trusted authority for consumers and retailers with the assurance that the operator is based in their home country and licensed by local data protection laws. ”

Incorporating the GSMA’s Mobile Connect standard, MobileID enables safe and secure determination of customer identity for online and physical locations. For consumers, the service offers a streamlined customer experience without the need to remember passwords, universal connection to physical and online locations, and a SIM-based implementation that allows MobileID to work on any device. , including multifunction telephones.

Consumers will also benefit from auto-populating information across online channels and in physical locations, for things like credit applications, while the Permission Center module will allow customers to manage and control permissions previously granted to vendors. Services. For online retailers, sharing customer attributes and knowledge of their physical location reduces operational fraud and enables inclusion of credit scoring information. MobileID service-enabled conversion rates are up to twice as high for retailers, along with an 80% faster service registration process, while providing an easier and faster customer journey.

The deployment of MobileID follows extensive testing in Russia with VEON’s mobile operator Beeline in partnership with other Russian mobile operators. The nine-month trial rollout saw over 1.2 million monthly active users subscribe to MobileID to authenticate their digital personality with 36 leading service providers and online merchants, including AliExpress, Alfa-Bank, Alfa Insurance, Sheremetievo Airport and Raiffeisen Bank.

After the positive conclusion of other trials in Russia, MobileID will be deployed on all VEON mobile operators with its deployment starting in Uzbekistan and Kazakhstan.

“Now is the right time for the mobile telecommunications industry to implement a new industry standard for digital identity validation. For consumers and retailers, MobileID could replace the authentication services currently offered by social networks which are often susceptible to fraud and lack controls over the true identity of the digital personality, ”explains Kaan Terzioglu, CEO of VEON Group. “Our new Permission Center solution also allows consumers to control their personal data and manage and control permissions that were previously granted to mobile service providers. ”

Operation of MobileID is managed in a secure manner with all customer data stored in Class 3 / Class 4 data centers which are operated by national telecommunications operators in accordance with local data privacy laws. Seamless integration with customer SIM cards provides an additional level of customer security and protection and customer personal data is always encrypted with the RSA Asymmetric algorithm. Additional levels of security, such as PIN code validation, are supported for highly sensitive transactions. In accordance with local regulations, customer personal data will remain within a country’s geographic borders.

For large retailers and financial institutions, a comprehensive portfolio of software tools and APIs are available to customize MobileID and integrate it into specific applications. National and global interoperability is also ensured because MobileID integrates the global standard approved by the GSMA (Mobile Connect). The service is fully monitored end-to-end through network operation centers with service level agreements and disaster recovery policies in place.

About VEON  
VEON is a global connectivity and digital services provider listed on NASDAQ and Euronext Amsterdam. Our businesses are transforming lifestyles with technology-driven services that provide opportunities in some of the world’s fastest growing emerging markets. For more information visit:https://www.veon.com  

Disclaimer
This press release contains “forward-looking statements” as defined in Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts and include statements relating, among other things, to expectations regarding the deployment of MobileID. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with precision and some of which may not even be anticipated by VEON. The forward-looking statements contained in this press release speak only as of the date of this press release. VEON does not undertake to update publicly, except as required by United States federal securities laws, any forward-looking statements to reflect events or circumstances after these dates or to reflect the occurrence of unforeseen events.

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SOURCE VEON SA