Kyivstar, Ukraine’s leading digital operator, and global technology company 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 Mastercard 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. Areas of cooperation will include the development of financial scoring solutions and personalized offers for consumers.
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“Resilience and reliability of infrastructure today are just as crucial an element of national security. The Memorandum with Mastercard is a mutual trust and readiness to work on tasks that are critically important for the country. Together with Mastercard’s global payment expertise, we are combining our strengths in digital product development to boost Ukraine’s resilience and expand access to innovative financial services,” emphasized Illia Polshakov, Director of New Business Development at Kyivstar.
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.
“Technology should serve society and make people’s lives more convenient and secure. The partnership with Kyivstar is an important step toward realizing this vision in Ukraine. By joining forces, we aim not only to strengthen the resilience of payment infrastructure in today’s challenging environment, but also to accelerate the growth of the digital economy. Cooperation with a telecom market leader opens new opportunities for implementing innovative financial solutions and technologies that will benefit both large and small businesses, as well as every Ukrainian,” said Inga Andreieva, Country Manager of Mastercard in Ukraine and Moldova.
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.
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