VEON and Square Group Secure Digital Bank License in Bangladesh

Key Facts

1VEON Ltd. and Square Group have received approval from the Bangladesh Bank for a digital bank license.

VEON Ltd. and Square Group have received approval from the Bangladesh Bank for a digital bank license. GlobeNewswire reported that the central bank's approval allows the joint venture to launch full-scale digital banking services, supporting VEON's strategic framework to expand its digital financial footprint in the region.

VEON closed at $72.54 on September 24, 2026, with the stock reaching a day high of $73.79 and a low of $70.36. The expansion builds on VEON's existing digital financial services group, which served 59 million active customers across Pakistan, Kazakhstan, and Uzbekistan as of the second quarter of 2026.