Sony Pixel Power calrec Sony

Stepping up the fintech ambition in Bangladesh, VEON and Banglalink apply for a Digital Banking License

17/08/2023

17 Aug 2023

Stepping up the fintech ambition in Bangladesh, VEON and Banglalink apply for a Digital Banking License Dhaka, 17 August 2023: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces it has submitted a digital banking license application to the Central Bank of Bangladesh together with Banglalink, its fully owned subsidiary in the country, underscoring the Group's commitment to digital empowerment in Bangladesh.

Banglalink, a leading mobile operator and provider of digital services to more than 42 million subscribers in Bangladesh, has a proven track record of developing digital services that enable digital inclusion in areas such as digital health, education and entertainment. Banglalinks MyBL super app stands as the cornerstone of digital engagement, catering to a monthly active user base of 7.1 million customers. MyBL is Bangladeshs premier digital health aggregator and also provides an expansive spectrum of services ranging from music, gaming and education to ticket bookings and seamless utility bill payments. Banglalink's Toffee is the country's leading entertainment application and OTT platform, serving approximately 10 million audiences monthly with audio and video streaming services accessible to users of all mobile operators. Toffee also hosts the country's only local User-Generated Content platform consisting of more than two hundred thousand registered local content creators. The company has also made significant investments into its network with its nation-wide expansion strategy, and providing high quality 4G coverage which has been recognized internationally for speed and overall coverage since 2020.

If granted, a digital banking license will accelerate Banglalink's expansion into the fintech space, adding digital financial services to its Digital Operator offering in Bangladesh, leveraging VEON's know-how in this area. Across its six markets, VEON group serves 21.6 million monthly active users of its financial services on mobile platforms, including digital lending products in certain VEON markets.

Bangladesh is a country of 173 million people where banking services penetration is still very low. Digitalization will unlock enormous opportunities for the people of Bangladesh, in line with the Government's Smart Bangladesh strategy and growth ambition. At Banglalink, we have had the privilege of serving the people of Bangladesh in the earlier stages of this journey, and now we look forward to stepping up to the challenge in digital financial services, leveraging our significant digital know-how and capabilities both at Banglalink's level and at the Group level said Erik Aas, CEO of Banglalink.

Banglalinks ambitions for digital banking underscore VEON's commitment to digital empowerment, which is a core pillar of VEONs Digital Operator strategy, deployed across all our markets. We have the expertise and the scale to support Banglalink in its drive for innovation, financial inclusion, and digital transformation in Bangladesh. With this important step into financial services, we look forward to support Bangladesh's growth ambition, building on the great work that the Banglalink team has been doing in transforming people's lives with their digital services, said Kaan Terzio lu, Group CEO of VEON.

VEON has launched its Digital Operator 1440 strategy in 2021 and has been building a full suite of digital applications and services across its 6 markets, providing locally relevant digital experiences, supporting digital inclusion and local talent development in digital space. The total number of monthly users of VEON's operating companies' digital services amounted to 77.6 million in July 2023, spanning areas including financial services, digital entertainment (TV, music, gaming, and more), digital health, digital learning, business-to-business solutions and industrial applications.

About VEON

VEON is a global digital operator that currently provides converged connectivity and online services to nearly 160 million customers in six dynamic markets. We are transforming people's lives, empowering individuals, creating opportunities for greater digital inclusion and driving economic growth across countries that are home to more than 7% of the world's population. Headquartered in Amsterdam, VEON is listed on NASDAQ and Euronext Amsterdam. For more information, visit: www.veon.com.

About Banglalink

Launched in February 2005, with over 40 million subscribers over a decade, Banglalink was the catalyst in making mobile telephony an affordable option for consumers in Bangladesh. The initial success of Banglalink was based on a simple mission: Bringing mobile telephony to the masses, which was the cornerstone of Banglalink's strategy. Banglalink is now working relentlessly to bring the digital world to each and every customer, building a true digital Bangladesh and moving away from the traditional mobile operator to a tech company. Visit https://banglalink.net/

Disclaimer

This release contains forward-looking statements, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON's strategy and commercial plans. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking stateme
LINK: https://www.veon.com/newsroom/press-releases/stepping-up-the-fintech-a...
See more stories from vimpel

Most recent headlines

17/03/2025

Press Release: ToolsOnAir and NDI Collaborate to Expand Metadata Capabilities for Enhanced Live Production and Broadcast Workflows.

Press Release: ToolsOnAir and NDI Collaborate to Expand Metadata Capabilities fo...

17/03/2025

Summit: Scripps Sports Carves Out its Unique Niche in Sports TV

In the final keynote of the 2025 TV Tech Tech Leadership Summit, March 13, TV Tech Content Director Tom Butts spoke with Brian Lawlor, president of Scripps Spor...

17/03/2025

Comcast Expands Multiview to Millions of Customers for March Madness

PHILADELPHIA In the run-up to the start of the men's and women's NCAA basketball tournament, Comcast has expanded Xfinity Multiview to more X1 devices, ...

17/03/2025

New Data on Political Advertising Shows Growing Importance of CTV Ads

WASHINGTON As political strategists prepare for the 2026 and 2028 U.S. elections, a new study highlights some of the trends, particularly the growth of CTV poli...

17/03/2025

Digital Alert Systems 2025 NAB Show Preview

At the 2025 NAB Show, Digital Alert Systems will offer a presentation on virtualized emergency alerting at the Broadcast Engineering and IT Conference. On the s...

17/03/2025

Triveni Digital Introduces Next Evolution of StreamScope...

Triveni Digital, a trusted leader in ATSC 1.0 and 3.0 service delivery, data broadcasting, and quality assurance solutions today announced the StreamScope MT-7...

17/03/2025

SDVI to Showcase Platform Enhancements and New Technology...

At the 2025 NAB Show, SDVI will demonstrate how its Rally media supply chain management platform is giving media operations teams the ability to meet the often ...

17/03/2025

Riedel Communications at the 2025 NAB Show

At the 2025 NAB Show, Riedel Communications will showcase its latest innovations in audio, networking, and control including its next-generation StageLink Ed...

17/03/2025

Projective Demonstrates Hybrid Post-Production Innovation...

Projective, a software provider that transforms post-production workflows for broadcasters, creative agencies, post-production facilities and content creators o...

17/03/2025

arkona Announces Smaller Smarter Simpler Routing and Proc...

With a mission of providing smaller, smarter and simpler IP core infrastructure solutions for broadcast productions of all sizes, arkona technologies GmbH is br...

17/03/2025

Shotoku Broadcast Systems to Bring Best of All Worlds Sol...

Shotoku USA, Shotoku Broadcast Systems' North American operation, is bringing its award-wining SoftRail software defined rail system to NAB 2025 signifying ...

17/03/2025

FOR-A Theme Connecting the Present Building the Future Co...

Company Leads the Way with New Software-Based Production Platform, 12G Switcher, Software-based Switcher, Enhanced LED Displays, Cloud & AI Technology FOR-A wi...

17/03/2025

Ikegami to Demonstrate Latest Advances in Broadcast Telev...

Ikegami USA (www.ikegami.com) will exhibit the latest additions to its range of broadcast quality production equipment at the April 6th-9th 2025 NAB Show in Las...

17/03/2025

Miri Technologies to Make NAB Show Debut with X510 Dual-C...

Miri Technologies Inc. is ramping up for its NAB Show debut in Las Vegas, where the network technology startup will have its own booth for the first time. Exhib...

17/03/2025

Mediaproxy Unveils Groundbreaking Solutions at NAB Show 2...

Mediaproxy, the global standard for software-based IP compliance monitoring and multiviewing solutions, is excited to announce the launch of several groundbreak...

17/03/2025

BPMI Presents 2025 Festival Artists at 23rd Annual Showcase

BPMI Presents 2025 Festival Artists at 23rd Annual Showcase The Berklee Popular Music Institute will showcase eight artists performing at this summer's ho...

17/03/2025

At least 10 takes per episode, and that drone shot: Netflix reveals secrets of Adolescence

The drama tells the story of a 13-year-old boy who is accused of brutally murder...

17/03/2025

Dr. Markus Motzko joins LYNX Technik as head of production and administration

Bringing expertise across process engineering, supply chain optimisation, and technical product management, Motzko will focus on streamlining manufacturing proc...

17/03/2025

Meet the executive director strategy and innovation

Jacky Voss, executive director strategy and innovation - managed technology Division at Riedel Communications talks to TVBEurope about the excitement of working...

17/03/2025

X-Rite Brings End-to-End Color Innovation to European Coatings Show

X-Rite Brings End-to-End Color Innovation to European Coatings Show X-Rite Incorporated, a global leader in color science and technology, will present their ...

17/03/2025

VEON appoints Johan Buse as the Incoming CEO of Banglalink

17 Mar 2025 VEON appoints Johan Buse as the Incoming CEO of Banglalink Dubai and Dhaka, 17 March 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator ( VE...

17/03/2025

NBC Sports Group Technical Summit Brings Decision-Makers Together To Preview Latest Production Tech

NBC Sports Group Technical Summit Brings Decision-Makers Together To Preview Lat...

17/03/2025

Major Music Publisher Sues USC Over Copyright Infringement

Major Music Publisher Sues USC Over Copyright Infringement Sports and growth of NIL drive use of music on college athletes' social media By Dan Daley, Audi...

17/03/2025

LVP Scores With Top-Flight Football Esports Production for LaLiga and EA Sports

LVP scores with top-flight football esports production for LaLiga and EA Sports By Michael Burns Friday, March 14, 2025 - 10:06 Print This Story All photo...

17/03/2025

An Inside Look as TGL Production Efforts Shift Into Playoff Mode

An Inside Look as TGL Production Efforts Shift Into Playoff Mode Mixing the virtual and physical, the young golf league has evolved in its first season By Ken ...

17/03/2025

Cloud Questions: What is the Status of Media Creation in the Cloud in 2025?

Cloud Questions: What is the Status of Media Creation in the Cloud in 2025? Leaders from Microsoft Production Studio, CiscoTV, MovieLabs, LucidLink, and Chess.c...

17/03/2025

Explaining Tokens - the Language and Currency of AI

Under the hood of every AI application are algorithms that churn through data in their own language, one based on a vocabulary of tokens. Tokens are tiny units...

17/03/2025

Thales and Malaysia Airlines Sign Avionics Component Availability and Repair Agreement for A330neo Aircraft

Facebook Twitter LinkedIn Thales and Malaysia Airlines have signed a long-...

15/03/2025

'The Last Of Us' Season 2 Trailer Hits Record 158 Million Views

Warner Bros. Discovery is reporting that the trailer for The Last of Us season two amassed 158 million global views across platforms in its first three days, ...

15/03/2025

Scripps Sports to Air Las Vegas Aces Games on Vegas 34

LAS VEGAS & CINCINNATI The Las Vegas Aces and Scripps Sports have signed a multiyear agreement to make Scripps Vegas 34 station the official broadcast home of W...

15/03/2025

Cobalt Digital To Feature New IPMX Support, IP Multiview At 2025 NAB Show

CHAMPAIGNE, Ill. Cobalt Digital will feature IPMX-compliant products, including its SAPPHIRE mini converters and PACIFIC encoders enhanced with IPMX support, du...

15/03/2025

Sharp Smart TVs Powered by TiVo Launch in the U.S.

SAN JOSE, Calif. TiVo has announced that the latest release of Sharp Smart TVs Powered by TiVo are now available for purchase in the U.S....

15/03/2025

EditShare to Unveil Next-Generation Media Solutions at 2025 NAB Show

BOSTON Collaborative media workflow solution provider EditShare has announced that it will be showing a wide range of new innovations at the 2025 NAB Show that ...

15/03/2025

SES and Lynk Global Announce Strategic Partnership for Direct-to-Device (D2D) Services

SES to introduce a suite of integrated services that enhance Lynk Global's s...

15/03/2025

Editing and Color Grading Promo Codes for Audiio and MotionVFX!

Editing and Color Grading Promo Codes for Audiio and MotionVFX! Kasia Jarco March 14, 2025 0 Comments I wanted to share some promo codes for great too...

15/03/2025

Avid Makes Key Additions to Executive Leadership Team to Meet the Needs of the Evolving Media Landscape

Avid Makes Key Additions to Executive Leadership Team to Meet the Needs of the E...

15/03/2025

NAB 2025: Cobalt Announces Plans to Bring Plug and Play ST 2110 Experience to NAB with Expanded Line of IPMX-Compliant Products

NAB 2025: Cobalt Announces Plans to Bring Plug and Play ST 2110 Experience to NA...

15/03/2025

Student Spotlight: Rachel McFarlane

Student Spotlight: Rachel McFarlane The Canadian composer talks about being drawn to the storytelling power of scoring for film and video games, working with ...

14/03/2025

Give Me the Backstory: Get to Know Emilie Blichfeldt, the Writer-Director of The Ugly Stepsister

By Lucy Spicer One of the most exciting things about the Sundance Film Festival...

14/03/2025

Bill Simmons Reflects on Five Years of The Ringer

Time flies when you're having fun and we can confidently say that Bill Simmons, founder of The Ringer and Spotify's Head of Talk Strategy, is having not...

14/03/2025

Call for NFVF Funding Applications To Attend Film Festivals and Markets Taking Place From 14 April 2025 To 31 May 2025.

The National Film and Video Foundation (NFVF) is pleased to announce that the ca...

14/03/2025

NAB Show 2025 Exhibitor Insight: Bitcentral

TV Technology: What do you anticipate will be the most significant technology trends at the 2025 NAB Show?...

14/03/2025

Dalet welcomes you to NAB Show 2025

The Dalet NAB 2025 showcase will feature its market-leading enterprise News, Media Management and Supply Chain solutions designed for faster deployment and acce...

14/03/2025

IMAX to Unveil Breakthrough Quality Innovation for Premiu...

IMAX Corporation (NYSE: IMAX) will debut its latest advancements for premium live streaming at NAB 2025 (booth W1401), introducing new AI-driven technologies d...

14/03/2025

TAG Video Systems and Harmonic Partner to Deliver Enhance...

TAG Video Systems, the leader in software-based IP media probing, monitoring, visualization, and analytics, and Harmonic (NASDAQ: HLIT), the worldwide leader in...

14/03/2025

Unicanal and Trece TV revolutionize Digital TV in Paragua...

Unicanal and Trece TV, two of Paraguay s leading broadcasters, have successfully launched digital TV services in three main cities: Encarnaci n, Ciudad del Este...

14/03/2025

IP Showcase Returns to 2025 NAB Show With a Focus on IPMX...

The Alliance for IP Media Solutions (AIMS), Advanced Media Workflow Association (AMWA), and the Video Services Forum (VSF) today announced that the IP Showcase ...

14/03/2025

Nebraska Public Media Standardizes on Digital Alert Syste...

Digital Alert Systems, the global leader in emergency communications solutions for media providers, today announced that Nebraska Public Media is deploying the ...

14/03/2025

Comcast Technology Solutions Achieves Enhanced QC Efficie...

Interra Systems, a leading provider of end-to-end quality assurance solutions for the digital media industry, today announced that Comcast Technology Solutions ...

14/03/2025

Rightsline Unveils New AI Features and Media Workflow Eff...

At the 2025 National Association of Broadcasters (NAB) Show, Rightsline will showcase innovations designed to make rights and royalties management smarter, fast...