Banglalink steps up fintech push with Huawei partnership at MWC 2026
Banglalink's payment service provider (PSP) subsidiary, Neo PSP, has signed an agreement with global technology company.
Huawei to develop a next-generation digital payments platform. The platform, to be launched under the brand name 'Mukto Pay', aims to expand cashless financial services in Bangladesh.
The agreement was signed at the Mobile World Congress (MWC) 2026 in Barcelona on 4 March by Johan Buse, chief executive officer of Banglalink, and Tim Zhou (Xiaofeng), chief operating officer of Huawei South Asia, in the presence of senior representatives from both organisations.
Keep updated, follow The Business Standard's Google news channel
Under the partnership, Mukto Pay will leverage Huawei's mobile financial services platform to enable secure, high-volume, real-time digital transactions. According to the companies, the platform will support instant payments and transfers, offering reliability, scalability, and bank-grade security.
Banglalink said the name 'Mukto', meaning 'liberation', reflects its vision to broaden access to digital financial services and build upon its role in expanding mobile connectivity.
The initiative aims to support Bangladesh's growing digital economy and improve financial access for unbanked and underbanked communities, the company said. It also reflects Banglalink's transition from a telecoms operator to a broader digital services provider, integrating connectivity with digital platforms and financial services.
Banglalink said Bangladesh Bank has issued a no-objection certificate (NOC) for the initiative, and the platform will be launched following completion of the necessary regulatory approvals.
"At Banglalink, care for our customers and communities is at the heart of everything we do. Mukto Pay demonstrates our commitment to making digital financial services accessible to everyone across Bangladesh. We are pleased to partner with a world-class technology leader such as Huawei to deliver a secure, reliable, and inclusive digital payments experience, enabling more people to participate in the country's expanding digital economy," said Johan Buse.
"We fully recognise Banglalink's digital strategy and are delighted to support this initiative by bringing Huawei's latest fintech technologies to the Mukto Pay platform. Through this collaboration, we aim to facilitate secure and scalable digital financial services that contribute to Bangladesh's ongoing digital transformation," said Tim Zhou.
