VEON explores expansion in Bangladesh's digital financial services

BSS
Published On: 30 Jun 2026, 16:01

DHAKA, June 30, 2026 (BSS) – A high-level delegation from the VEON Group, led by Chairman Augie Fabela today met Bangladesh Bank (BB) Governor Md. Mostaqur Rahman to discuss expanding the company's presence in Bangladesh's rapidly growing digital financial services sector.

The meeting focused on increasing investment in digital finance, strengthening technology-driven payment systems, and promoting financial inclusion through a modern and effective regulatory framework, said a press release.

During the discussions, VEON expressed interest in becoming a key participant in Bangladesh's digital financial ecosystem. 

The company informed the central bank that it has already applied for a Payment Service Provider (PSP) license and is also exploring opportunities in Mobile Financial Services (MFS) and digital banking.

The delegation further discussed its interest in acquiring a majority stake in an existing digital financial service provider. 

Both sides exchanged views on the corporate structure, legal requirements, and regulatory approvals necessary for such an investment.

During the meeting, Mostaqur Rahman reaffirmed Bangladesh Bank's commitment to fostering a safe, transparent, and inclusive digital financial environment, emphasizing its supportive policy approach toward innovation and technological advancement in the financial sector.

He assured the VEON delegation that its applications and investment initiatives would be processed on a priority basis, subject to compliance with all applicable laws, regulations, and licensing requirements.

Both sides agreed to continue close engagement to facilitate the next stages of VEON's proposed investment and expansion plans in Bangladesh.

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