VEON’s Banglalink Receives Regulatory Approval to Launch Digital Payment Services to Advance Financial Inclusion in Bangladesh

Core Insights - VEON Ltd. announces that Banglalink has received permission from Bangladesh Bank to operate as a payment service provider, marking a significant step in expanding into digital financial services [1][2] Company Developments - Banglalink will offer regulated money transfer and payment services, targeting the 72% of Bangladesh's population that remains outside the traditional banking system, thus presenting a substantial opportunity for financial inclusion [2] - The company is preparing for the commercial rollout of its payment services in collaboration with Bangladesh Bank and partner institutions, aiming to integrate financial services into customers' mobile experiences [3] - Initial services will include person-to-person transfers, remittance services, utility and government bill payments, merchant transactions, and salary disbursements, with future plans for micro-savings and insurance payments [4] Strategic Vision - The launch of digital financial services aligns with VEON's DO1440 strategy, which aims to empower customers with relevant digital services [5] - The initiative is expected to enhance Bangladesh's growth as a digital economy, leveraging Banglalink's nationwide reach and VEON's global capabilities to create a secure digital payment ecosystem [5] Market Context - As of September 30, 2025, VEON's digital financial services had 42.1 million monthly active users, reflecting a 25% year-on-year growth, indicating the potential for similar success in Bangladesh's rapidly growing digital economy [5]