Expanding fintech services by leveraging Sylhet's IT capabilities
British Fintech 'Vault' Launches Operations in Bangladesh
- UK-based fintech firm 'Vault' officially launches operations in Bangladesh
- Bangladesh Bank Executive Director inaugurates the service in Sylhet
- Powered by Sylhet's 'Eotech', Vault to offer digital solutions for hospitality
UK-based fintech enterprise 'Vault' has officially launched its operations in Bangladesh. Executive Director of Bangladesh Bank, Khaled Ahmed, inaugurated the service as the chief guest at a ceremony held in Sylhet on Saturday (July 25). Senior banking officials and prominent local business leaders attended the event.
As a fully owned subsidiary of UK-based Vault Holdings Limited, 'Vault' has been delivering payment solutions and Point of Sale (POS) services to the UK's hospitality sector. Remarkably, Sylhet-based IT firm 'Eotech' has been managing its core technological architecture and software development for the past decade. By commencing operations in Bangladesh, Vault aims to leverage its international expertise to scale digital payments across the country's hospitality sector while capitalizing on local tech talent.
Speaking at the event, Bangladesh Bank Executive Director Khaled Ahmed noted that Vault’s launch reflects Sylhet's growing IT capability and will foster Bangladesh's digital economy. Asad Zaman, CEO of Vault, highlighted that this fintech ecosystem will empower domestic merchants to transition from cash transactions to data-driven digital operations and modern management tools.
//DBTech/Report/Edit//
