Forex News
VEON commits $250 million to Square Group bank venture
VEON Ltd. has committed $250 million to a joint venture with Square Group after approval for a digital bank licence.
- VEON Ltd. committed $250 million to the venture.
- Square Group is VEON Ltd.'s joint-venture partner.
- VEON Ltd. said the digital bank licence had been approved.
Announcement
VEON Ltd. announced the plan on September 25, 2026.
The company said it will commit $250 million to a joint venture with Square Group.
VEON also said approval had been granted for a digital bank licence.
Group Structure
Banglalink is a parent company of VEON.
VEON Digital Financial Group had 59,000,000 active customers in Q2 2026.
Source: GlobeNewswire,