VEON Ltd.'s digital operator in Uzbekistan, Beeline Uzbekistan, and DataVolt, a global developer and operator of large-scale data centers, signed two memorandums of understanding (MoUs) to support the development of Uzbekistan's digital infrastructure and accelerate the country's transformation into a regional digital hub. The agreements were announced at the Tashkent International Investment Forum. This partnership aims to support Uzbekistan's Digital Uzbekistan 2030 Strategy by enhancing cloud computing, artificial intelligence, and digital services across Central Asia.

Under the first MoU, which establishes agreed commercial terms, Beeline Uzbekistan will become a major tenant of DataVolt's flagship Tashkent IT Park data center, TAS-1. As an anchor tenant, Beeline Uzbekistan will secure access to substantial capacity within one of the country's most advanced data center facilities. This will support the continued expansion of its digital services portfolio and enable greater local hosting and processing of data.

The second MoU is non-binding and establishes a framework for evaluating the joint development and operation of a potential data center infrastructure project in Bukhara. This reflects a shared ambition to expand digital infrastructure capacity across Uzbekistan and reinforces DataVolt's long-term commitment to investing in the country's digital economy.

Kaan Terzioglu, Chief Executive Officer of VEON Group, emphasized the strategic importance of sovereign data storage and processing. He stated that the partnership with DataVolt helps lay the foundation for Uzbekistan to become the digital hub of Central Asia and a destination for the next generation of digital investment.

Evgeniy Nastradin, CEO of Beeline Uzbekistan, highlighted that telecommunications networks are becoming platforms for distributing computing power and digital intelligence. He noted that developing world-class data center infrastructure with DataVolt creates the foundation for AI services, local data processing, and digital innovation at scale.

Together, these initiatives are expected to increase the availability of high-quality digital infrastructure, enhance access to cloud and AI services, strengthen data localization capabilities, and further position Uzbekistan as a leading digital hub for Central Asia.

VEON Ltd's digital financial services companies JazzCash and Mobilink Bank have democratized investment opportunities in Pakistan by introducing Government Treasury Bills directly through the JazzCash app. The initiative allows eligible customers to invest in 3-month Treasury Bills starting from as little as PKR 5,000, aiming to reach one million active investors. This move, developed in collaboration with the State Bank of Pakistan and the Ministry of Finance, seeks to extend formal investment access beyond the country's approximately 1.4 million existing public market participants.

Government securities in Pakistan were previously accessible only through banks and brokerages. Now, any eligible JazzCash customer with a verified account and an active Mobilink Bank deposit account can invest through a simple, secure journey built into the app. JazzCash serves a registered customer base of 60 million and processed more than PKR 16.8 trillion in gross transaction value in the year to March 2026, making this one of the largest digitally enabled retail investment channels in any emerging market.

The launch aligns with Pakistan's growing appetite for investment, as the Pakistan Stock Exchange reached 563,000 investors for the first time in May 2026, driven by strong Gen Z participation. Treasury Bills on JazzCash aim to open the door to millions more, extending access to regulated financial assets beyond conventional savings products. Plans to extend access to longer-maturity Treasury Bills are already underway.

Mobilink Bank acts as the regulated custodian and trustee for the product. VEON CEO Kaan Terzioglu emphasized the role of digital financial services in expanding Pakistan's economy, stating that the initiative provides real tools for citizens to create, build, and protect wealth. Federal Minister for Finance and Revenue Muhammad Aurangzeb highlighted the government's vision for an inclusive digital economy, noting that the initiative helps mobilize domestic savings and expand citizens' participation in the formal economy.

JazzCash CEO Murtaza Ali added that inclusion must go beyond payments to offer tools for saving, investing, and building financial resilience. The launch was held at JazzCash headquarters in Islamabad, with key stakeholders including VEON's CEO, the Finance Minister, and advisers from the Finance Division in attendance. JazzCash operates under a Branchless Banking charter in collaboration with Mobilink Microfinance Bank, offering a broad portfolio of services including payments, lending, insurance, and government-backed investment products.