June 30, (V7N) - A senior executive delegation from the global VEON Group, headed by its Chairman Augie Fabela, held a high-level meeting today with Bangladesh Bank Governor Md. Mostaqur Rahman. The primary purpose of the dialogue was to map out plans for expanding the multinational company's footprint within the country's booming digital financial services sector. According to an official press release, the discussions centered on ramping up foreign direct investment, reinforcing local tech-driven payment infrastructure, and driving financial inclusion through a modern regulatory framework.
During the consultation, the visiting VEON leadership expressed an eager desire to serve as a cornerstone participant in building up Bangladesh's digital financial ecosystem. To formalize this commitment, the delegation informed the central bank that the company has already submitted an official application to secure a Payment Service Provider (PSP) license. Furthermore, the group is actively investigating commercial entry points into Mobile Financial Services (MFS) and the newly emerging digital banking landscape.
Beyond establishing new entities, VEON revealed its strategic corporate interest in purchasing a controlling majority stake within an already operational domestic digital financial service provider. Representatives from both sides used the meeting to exchange views regarding the necessary corporate structuring, cross-border legal compliance, and regulatory clearances required to execute such a high-stakes financial acquisition.
In response to the investment proposals, Central Bank Governor Mostaqur Rahman reiterated Bangladesh Bank’s core mission to maintain a safe, transparent, and highly inclusive digital financial landscape. He emphasized that the regulatory body maintains a highly supportive policy stance toward technological evolution and original innovation within the financial industry. This approach is intended to attract reputable international tech conglomerates to help modernize local banking.
The Governor assured the VEON delegation that the central bank would handle its licensing applications and prospective investment ventures on a fast-track, priority basis. However, he clarified that this expedited process remains strictly contingent upon the company meeting all applicable statutory laws, financial regulations, and strict institutional licensing criteria.
The high-level session concluded with both leadership teams agreeing to maintain an open and close line of communication moving forward. This sustained institutional engagement is meant to smoothly facilitate the subsequent operational phases of VEON’s proposed capital investments and structural expansion plans across Bangladesh.
