Freedom Holding's Freedom Bank Signs Memorandum Of Cooperation With UnionPay Business To Boost Kazakhstan-China Cross-Border Wholesale E-Commerce And Trade Ties
Benzinga Newsdesk 1 year ago
News
Freedom Bank, part of Freedom Holding Corp. (NASDAQ:FRHC), a diversified financial services and technology group, has signed a memorandum of cooperation with the Chinese company UnionPay Business. The signing took place
Freedom Bank, part of Freedom Holding Corp. (NASDAQ:FRHC), a diversified financial services and technology group, has signed a memorandum of cooperation with the Chinese company UnionPay Business. The signing took place at the Kazakhstan-China Business Council meeting in Beijing, during the official visit of Kazakhstan's President, Kassym-Jomart Tokayev, to China.
The Bank noted that the agreement is intended to support the development of Kazakhstan-China cross-border e-commerce in the wholesale sector and to promote broader economic and trade ties between the two countries.
The memorandum was signed by three parties: Freedom Bank Board Member Aidos Zhumagulov, General Manager of UnionPay Business Payment Co., Ltd Hebei Branch, Guo Guangxin, and CEO of Verum Payments Limited, Rinat Berikbolov.