VEON keen to invest in BD's digital financial services

Global digital operator VEON Group has expressed its willingness to expand investment in Bangladesh's digital financial services sector.
The willingness was expressed during its meeting with Bangladesh Bank Governor on Tuesday, as the company seeks to deepen its presence beyond telecommunications.
The meeting, led by VEON Group Chairman Augie K. Fabela II, focused on potential investments in digital financial services, expansion of technology-driven payment solutions, financial inclusion and the regulatory framework governing the sector.
Senior officials of Bangladesh Bank (BB) were also present at the meeting, according to a BB press release.
During the discussions, the VEON outlined its plans to participate more actively in Bangladesh's rapidly growing digital financial ecosystem and appraised the central bank of its investment roadmap, it said.
The talks covered regulatory and licensing issues relating to mobile financial services (MFS), payment service providers (PSPs) and digital banking.
The VEON Group informed the central bank that it had already applied for a PSP licence and was pursuing a structured strategy to expand its digital financial services operations in the country, it said.
The company also expressed its interest in becoming a majority shareholder in an existing digital financial services provider, with discussions covering possible partnership structures, corporate arrangements and the regulatory approvals required for such an investment.

bdsmile@gmail.com