Freedom Holding Corp. Partners with UnionPay Business to Boost Kazakhstan-China Cross-Border E-Commerce

Reuters

Sep 04

Freedom Holding Corp. Partners with UnionPay Business to Boost Kazakhstan-China Cross-Border E-Commerce

Freedom Holding Corp.'s Freedom Bank has entered into a partnership with UnionPay Business to enhance cross-border e-commerce between Kazakhstan and China. The memorandum of cooperation was signed during the Kazakhstan-China Business Council meeting in Beijing, coinciding with the visit of Kazakhstan's President, Kassym-Jomart Tokayev, to China. This partnership aims to develop infrastructure and expand cooperation to advance Kazakhstan-China economic relations, particularly focusing on the wholesale sector. It includes the development of advanced payment infrastructure and the establishment of a China-Kazakhstan settlement system for e-commerce. The agreement was signed by representatives from Freedom Bank, UnionPay Business, and Verum Payments Limited, with additional support from the Advanced Industry Research Center of the Xinhua News Agency and financing by Polyking New Horizons Technology Industry Co., Ltd.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Freedom Holding Corp. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1068489) on September 03, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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