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VEON, Square Group win Bangladesh Bank approval for digital bank joint venture

PUBT·09/25/2026 10:33:15
VEON, Square Group win Bangladesh Bank approval for digital bank joint venture
  • VEON entered a joint venture with Bangladesh’s Square Group to launch a digital bank following central bank licensing clearance.
  • The venture expands VEON’s digital financial services footprint in Bangladesh, building on Banglalink’s existing Payment Service Provider license for Mukto Pay.
  • The digital bank is expected to integrate with Banglalink’s mobile ecosystem to broaden access to banking for underserved and unbanked users.
  • The move sits within VEON’s “Invest in Bangladesh NOW!” plan, backed by an initial USD 250 million commitment targeting USD 1 billion in FDI.
  • VEON Digital Financial Group had 59 million active financial services customers across Pakistan, Kazakhstan, Uzbekistan as of Q2 2026.


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. VEON Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609250631PRIMZONEFULLFEED1001274587) on September 25, 2026, and is solely responsible for the information contained therein.