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An additional factor enabling Telenor to further strengthen our reach and relevance within attractive mobile banking solutions is the increasing smartphone penetration in our markets. Digital wallets with superior user experience and instant payments or credits are changing the way we transact.
Our ambition is to become the preferred monetary partner in the lives of our customers. Examples span from simple online payments for disconnected rural families with long travel distances to banking facilities, payments for games and media, and small loans for shop owners in order to grow their business. Such accomplishments are made possible through Telenor’s cloud-based infrastructure – called global backend – which enables us to roll out digital financial services worldwide. It also helps us to connect to merchants and partners in a simple and secure way. Through building on our existing expertise in digital monetary services from Hungary, Pakistan, Serbia and Thailand, we are expanding our footprint and exploring new solutions.