BARCELONA, Spain, Feb. 28,
2022 /PRNewswire/ -- VEON Ltd. (NASDAQ: VEON) (Euronext
Amsterdam: VEON), a global digital operator that provides mobile
connectivity and services, today announces that
its MobileID authentication system has gained significant
user, operator and online business support in its bid to
become a global standard and replace authentication through social
networks.
VEON's MobileID, developed using the GSMA's universal
identity service, Mobile Connect, provides consumers with a
digital passport to online services and retailers though their
mobile devices and replaces the current approach of online
authentication through social networks.
"We need to take 'fake' out of the Internet. This means that the
world needs to transition from social network identity-based
verification to mobile identity-based verification," states Kaan
Terzioğlu, CEO, VEON. "At VEON, we believe that we have a societal
responsibility to protect our consumer and business customers.
Ensuring that customer data is kept by licensed, regulated, and
locally based service providers we believe delivers a much-needed
level of customer data protection. MobileID is an important step in
that direction, and we will be working actively to expand its use
through operator adoption and interoperability
agreements."
The initiative to create a mobile-enabled solution to tackle the
issue of digital identity verification has received the support of
the GSMA, which represents the interests of mobile operators
worldwide.
"The role of the mobile device in society has changed
dramatically over the years and its use in verifying digital
identity is a logical next step," explains Alex Sinclair, Chief Technology Officer, GSMA.
"We encourage the development of technology that improves security
for consumers and the GSMA's Mobile Connect service
provides a solid foundation to do just that. We are very pleased to
see MobileID grow rapidly and combat the challenges around
identity and fraud."
Following a surge in VEON's Russian customers using
MobileID from 600,000 in December
2021 to over one million today, VEON is announcing the
expansion of MobileID to its mobile operators in Uzbekistan, Georgia and Pakistan. This is expected to
provide its customers with a seamless sign-in to digital
applications and services, and VEON has also extended the
functionality of MobileID to include physical security, where
it can be used to provide access to offices and other
buildings.
MobileID has also been adopted by other international
mobile operators, including MTS, Megafon, Tele2, and Digicel,
and online service providers and retailers supporting MobileID
now include 38 leading companies.
"MobileID is a compelling solution to the acceleration and
broadening of access to electronic services, that enables financial
and social inclusion. Critical advantages include convenience,
as most people take their phones everywhere; security, through
multi-factor authentication; and the relatively low cost for
deploying agencies," comments Julian
Burton, Digicel Group, Chief Digital Officer.
"GSMA's MobileID technology offers a convenient and secure
client digital identification path for mobile subscribers. And that
is why MTS, like other market players, is actively launching
solutions for clients' onboarding in e-comerce and fintech.
We have already created a significant user base of such solutions
within our Mobile ID platform," stated Sergey Yakovlev, the Head of MTS Center for
Identification and Digital Products.
MobileID safeguards both consumers and online companies. Since
mobile operators have a verifiable record of their customer's
identity, physical address or their financial details,
MobileID has a potential to provide a much more secure form of
ID than the self-declared persona that customers can
create via social media. For online service providers and
retailers, it enables them to securely authenticate users and
manage their users' credentials.
MobileID offers consumers a streamlined, password
free, customer authentication experience. Consumers
benefit from the autofill of information for items such as credit
applications, while the Permission Centre module will enable
customers to manage and control permissions previously granted to
service providers. The implementation of MobileID is through a
device's SIM-card and this enables MobileID to work on any
device, including feature phones.
For online retailers, the sharing of customer attributes and
knowledge of their physical location
reduces operational fraud and enables the inclusion of credit
rating information.
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, expectations regarding VEON's ambitions for MobileID to
become a global standard and replace authentication through social
networks, the increased role of the mobile device in society, and
the anticipated roll out of MobileID to VEON's operations in
Uzbekistan, Georgia and
Pakistan. 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.
Contact Information
- VEON Group
Group Communications Director
Marina Levina
Marina.levina@veon.com
- TUVA Partners
Julian Tanner
julian.tanner@tuvapartners.com
M +44 7900 205 460
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SOURCE VEON Ltd.