Kyivstar and Mastercard have signed a Memorandum of Cooperation, marking the beginning of a strategic partnership between the companies. Their joint efforts will focus on developing innovative technological solutions to strengthen the resilience of the country's financial infrastructure, promote cashless payments, and expand access to financial services. Kyivstar and Mastercard plan to test the Starlink Direct to Cell satellite technology in the payment infrastructure.
This breakthrough satellite-to-mobile technology powers connectivity in mobile dead zones, keeping consumers connected when they need it most, and will enable financial transactions in areas without mobile coverage or during emergencies. Starlink Direct to Cell opens new prospectives for the financial services and fintech market, ensuring greater resilience and accessibility of financial services for an even wider customer base. Kyivstar and Master card will also work on developing new financial products and services.
The companies will leverage their Big Data and analytics capabilities to design products that improve customer insights and expand access to financial services". As part of the cooperation, the companies will implement advanced technological solutions for e-commerce, ensuring high security standards and a seamless customer experience. The partners also plan to introduce initiatives aimed at promoting cashless payments, particularly among small and medium-sized businesses.
The Memorandum will be valid for one year, with the possibility of further extension. Within the framework of cooperation, the parties will sign separate agreements for specific projects. The Memorandum serves as confirmation of the companies' mutual understanding and shared strategic priorities.
