Axiata teams up with Trust Bank for Bangladesh mobile money

27 Nov 2015

Malaysia’s Axiata Group, the controlling shareholder of Bangladeshi cellco Robi Axiata, has agreed to form a joint venture with Trust Bank to provide mobile financial services in Bangladesh under the Trust Axiata Digital banner. TelecomAsia reports that Trust Bank will own 51% of Trust Axiata Digital with Axiata taking the remainder of the venture, which will provide ‘technology-driven financial services’, including mobile financial services alongside ‘agent banking and cards’. Subject to regulatory approval, Trust Axiata Digital is expected to be up and running in around three months. Trust Bank has around 100 branches and another 152 ATM locations, whilst Robi is Bangladesh’s third largest mobile operator with 28.37 million users at end-September 2015.

Bangladesh,Robi Axiata,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.