VEON to explore payment license, digital services in Kazakhstan

Veon Ltd (VEON) hit a 52-week high of $63.44, with a 19% year-to-date gain. The company reported a 17% revenue increase to $1.27B in Q2, an 88% rise in EPS, and updated its 2026 outlook, projecting 15-18% revenue growth and 9-12% EBITDA growth. Analysts note strong cash generation and digital growth, with digital revenue up 53.6% to $342M.

Banglalink, Veon’s Bangladesh unit, received a Payment Service Provider licence from Bangladesh Bank to launch “Mukto Pay.” The app is slated for full commercial operations next month, pending remaining regulatory and technical steps. Mukto Pay will cover transfers, merchant and e-commerce payments, bill payments, and disbursements. Veon also said it plans $250m investment and applied for a digital bank licence.

Banglalink, a Veon-owned telecom in Bangladesh, said it received a payment service provider licence from the Bangladesh central bank, enabling it to launch digital payments next month under the brand Mukto Pay. The service will cover money transfers, merchant and e-commerce payments, bill payments, and disbursements. Veon also cited a US$250 million Bangladesh investment plan and a digital bank licence application.

VEON (NASDAQ: VEON) said its Bangladesh unit Banglalink received a Payment Service Provider licence from Bangladesh Bank, enabling a planned September 2026 launch of digital payments under Mukto Pay. VEON links this to its June 2026 “Invest in Bangladesh NOW” framework, including an initial USD 250 million investment. VEON reported Q2 2026 digital revenue up 53.6% YoY to USD 342 million.

VEON Ltd. reported Q2 2026 results with revenue of US$1,271 million and net income of US$122 million. The company said first-half revenues rose but earnings fell year over year. VEON also raised full-year 2026 revenue growth guidance to 15%–18% YoY, while net income remained compressed versus last year.

VEON reported 2Q26 results, citing double-digit growth and rising guidance. Digital revenue rose 53.6% YoY and digital revenue was 26.9% of total revenues. 2Q26 telecom and infrastructure revenue was $929m (+7.6% YoY). VEON raised full-year revenue growth to 15%–18% and EBITDA growth to 9%–12% after 1H26 performance.