Kyivstar to enter financial services market in early 2017

18:40, 30.12.2016 1 min read

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 told the agency, bank issuing electronic money in the project will 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.

As reported, StarMoney LLC in June received a license from the National Bank of Ukraine for money transfers in the national currency.