British fintech company VALT has officially commenced operations in Bangladesh. The inauguration ceremony was held in Sylhet on Saturday (25 July), where Khaled Ahmed, Executive Director of Bangladesh Bank, formally launched the company’s local operations. Senior officials from commercial banks and members of the local business community attended the event.
Speaking at the event, company representatives said that VALT, a wholly owned subsidiary of UK-based VALT Holdings Limited, provides payment solutions and Point-of-Sale (POS) services to the hospitality industry in the United Kingdom. Over the past decade, the company’s technology development and operational infrastructure have been built and managed by Sylhet-based IT company Yo Tech.
The company said its entry into the Bangladeshi market will introduce digital payment and fintech solutions to the country’s hospitality sector by leveraging its experience in the UK. Bangladesh-based technology teams will also continue to support VALT’s global operations.
Addressing the launch, Bangladesh Bank Executive Director Khaled Ahmed said the initiative reflects the growing capabilities of Sylhet’s technology sector. He said Bangladesh Bank is working to expand financial inclusion, adding that applying the UK’s transaction processing experience to support local merchants’ digital transformation will contribute to the country’s digital economy.
Speaking at the event, Asad Zaman, Co-Founder and CPO of VALT Holdings and Chief Executive Officer (CEO) of VALT, said engineers in Sylhet have been developing software for international markets for the past decade. He said that experience has now been used to build a comprehensive fintech platform for Bangladesh. Through this ecosystem, local businesses will be able to move beyond cash-based transactions and adopt data-driven digital operations and integrated management tools, enabling more technology-based decision-making and business management.