VEON's Banglalink Secures Digital Payment License in Bangladesh

Key Facts

In a move reflecting the accelerated shift toward digital economies in emerging markets, VEON's subsidiary Banglalink has secured a Payment Service Provider (PSP) license from Bangladesh Bank. This regulatory approval paves the way for the company's official entry into the country's digital payments market through the launch of its Mukto Pay service. The development is a core component of VEON's broader strategy to scale its digital financial services and expand its regional footprint.

According to reports, this license is part of a framework outlined by VEON in June 2026 titled "Invest in Bangladesh NOW," which includes an initial investment commitment of USD 250 million. The group aims to establish new revenue streams in the Bangladeshi market, leveraging the success of its existing digital financial platforms that currently serve millions of active customers in markets such as Pakistan, Kazakhstan, and Uzbekistan.

Operationally, Banglalink is targeting a full commercial launch of Mukto Pay in September 2026, subject to the completion of remaining technical and regulatory requirements. Based on data as of August 12, 2026, specific closing prices for VEON are unavailable in the current database; however, the expansion into fintech within emerging markets remains a primary catalyst for monitoring the company's future performance.