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VEON’s Banglalink Launches Mukto Pay, Expanding Digital Financial Services in Bangladesh
GlobeNewswire Inc.·
VEON Ltd. announced the commercial launch of Mukto Pay, a digital payments platform in Bangladesh operated by subsidiary Banglalink, following receipt of a Payment Service Provider license from Bangladesh Bank in August 2026. The platform enables money transfers, bill payments, and merchant transactions across smartphones and basic phones, with plans to introduce Bangla QR interoperable payment standard. This launch is part of VEON's 'Invest in Bangladesh NOW' initiative, which aims to attract USD 1 billion in foreign direct investment, with VEON committing USD 250 million. VEON and Square Group also received approval to establish a digital bank in Bangladesh.
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