Forex News
VEON commits $250 million to joint venture with Square Group
VEON Ltd. said it committed $250 million to a joint venture with Square Group and received approval for a digital bank licence.
بقلم Omar Al-Farsi, MENA Markets EditorPipDig
- VEON Ltd. committed $250 million to the venture.
- Square Group is VEON Ltd.'s joint-venture partner.
- VEON Ltd. said it had approval for a digital bank licence.
Announcement
VEON Ltd. made the announcement on September 25, 2026.
The company committed $250 million and said it had approval for a digital bank licence.
Group details
VEON Digital Financial Group had 59,000,000 active customers in Q2 2026. Banglalink is a VEON parent company.
Square Group is the joint-venture partner named by VEON Ltd..
المصدر: GlobeNewswire,