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VEON's Banglalink Receives Bangladesh Bank Approval to Launch Digital Payment Service Mukto Pay

  • VEON's Bangladesh subsidiary Banglalink received a Payment Service Provider (PSP) licence from Bangladesh Bank on August 12, 2026.
  • Banglalink plans to launch its digital payment service under the brand "Mukto Pay" with a commercial target date of September 2026.
  • The Mukto Pay service aims to provide simple & secure financial solutions to unbanked individuals, micro-merchants, & small businesses.
  • This development supports VEON's "Invest in Bangladesh NOW" framework, which includes a committed USD 250 million investment to attract a total of USD 1 billion in foreign direct investment.
  • VEON reported Q2 2026 digital revenue growth of 53.6% YoY to USD 342 million, with financial services contributing USD 151 million.
  • Mukto Pay will facilitate money transfers, merchant payments, utility bill payments, & salary disbursements once fully operational.
  • VEON has also applied for a Digital Bank licence in Bangladesh alongside its PSP expansion.
  • Banglalink CEO Johan Buse cited a 4.1% YoY revenue increase & 13.6% underlying EBITDA rise in Q2 2026 as a foundation for this digital investment.