MegaFon has unveiled a bank card like no other in the world. What’s special is that the card is linked to its holder’s mobile phone balance. Using this card, MegaFon subscribers can pay anywhere that takes MasterCard, the most widely accepted card. Money is debited from their mobile phone balance.
Moscow, Russia (27 July 2016) — PJSC “MegaFon” (“MegaFon”, or the “Company”) (LSE: MFON), a leading Russian integrated telecommunications operator, announces its unaudited consolidated financial results for the second quarter 2016.
MegaFon and Huawei have signed a cooperation agreement on implementation of solutions for the Internet of Things (IoT). The companies were also the first on the Russian market to demonstrate the use of an integrated solution for the Internet of Things based on the new NB-IoT (Narrow Band IoT) cellular standard, using which the operator can capture new markets and attract new IoT clients.