Banglalink CEO Johan Buse has urged Bangladesh to accelerate its transition to digital banking and implement key telecom sector reforms to improve accessibility and affordability for consumers.
Speaking at a media interaction, Buse highlighted the transformative potential of digital banking in driving financial inclusion. He noted that digital-first models can significantly reduce costs by eliminating the need for physical branches and paperwork, making financial services more accessible to a wider population.
Drawing comparisons with global markets, he pointed to countries like Singapore, where users can open bank accounts within minutes via smartphones, emphasizing the efficiency and convenience of fully digital ecosystems. He also confirmed that Banglalink’s parent company, VEON, has applied for a digital banking licence in Bangladesh, signaling its intent to play a role in the country’s evolving financial landscape.
Beyond banking, Buse raised concerns about structural challenges within the telecom sector, particularly high spectrum costs, which he said put pressure on operators and impact long-term sustainability. He also called for stronger collaboration between public and private players, suggesting partnerships with state-owned Teletalk to enhance service delivery, innovation, and network quality.
Despite these challenges, Buse expressed optimism about Bangladesh’s future, noting that continued investments in digital infrastructure and policy reforms could unlock significant economic and social benefits.
