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VEON partners with Square Group to establish a digital bank in Bangladesh with an initial $250 million investment.
Sep 27, 2026
Contract Type
partnership
AmsterdamTelecommunications
Description
VEON has announced a joint venture with Square Group to launch a digital bank in Bangladesh, backed by an initial investment of $250 million. This initiative is part of VEON's plan to mobilize a total of $1 billion in foreign direct investment to enhance digital services and financial inclusion in the country.
Company Information
Company
Veon
Location
شارع المركز المالي
Amsterdam, New York, United States
About
Veon is a global digital operator providing telecommunications and digital services. The company seeks to enhance its presence in emerging markets, focusing on innovative digital infrastructure and services. With a commitment to investment in various sectors, Veon aims to support economic growth and digital transformation. It operates several telecommunications subsidiaries worldwide, including Banglalink in Bangladesh.
AmsterdamTelecommunications