Veon, Square JV Receives Digital Bank License in Bangladesh

07:01 AM EDT, 09/25/2026 (MT Newswires) -- Veon (VEON) and Square Group joint venture received approval for a digital bank license from Bangladesh Bank, Veon said Friday. Veon, which participates in the venture through Veon Digital Financial, said the license marks its entry into full-scale digital banking in Bangladesh. The digital bank is expected to integrate with Banglalink's mobile ecosystem and provide financial tools to mobile users across the country, Veon said. The venture will combine Veon's technology expertise with Square's domestic manufacturing, distribution and retail networks, the company added. Veon's wholly owned subsidiary Banglalink previously obtained a payment service provider license in Bangladesh.