Ukraine: Kyivstar set to enter financial service market by late 2017

Kyiv Post  10.08.2017

Kyivstar has faced several regulatory obstacles on the way to the commercial launch of a first package of financial services. The company intends to overcome the obstacles and enter the market by the end-2017, its president Petro Chernyshov has said.

 

The leading Ukrainian mobile communications operator Kyivstar has faced several regulatory obstacles on the way to the commercial launch of a first package of financial services, which delays their launch. The company intends to overcome them and enter this market by the end of this year, Kyivstar President Petro Chernyshov has told Interfax-Ukraine. “(The delay of the launch) is linked to regulation, with the NBU’s [the National Bank of Ukraine] regulation. However, we will break through!” he said. He expressed confidence that by the end of this year the obstacles will be lifted, and the company will start operating in the market segment new for the company.

 

Kyivstar intends to enter financial service market by late 2017

 

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