Trust Axiata Digital Limited

Trust Axiata Digital Limited is a mobile financial company, established in 2020, with the brand name 'tap'. It is a joint venture between Trust Bank Limited, Bangladesh, and Axiata Digital Services Sdn Bhd, Malaysia, operating under the Bangladesh Mobile Financial Services Regulations, 2018. This venture aims to provide mobile financial services and payment solutions in Bangladesh, with a focus on financial inclusion for both banked and unbanked individuals. Through its launch of the MFS product in December 2020, 'tap' offers convenient, flexible, secure, and affordable services to a growing customer base across urban and rural areas of Bangladesh. In addition to basic financial services, 'tap' aspires to revolutionize customer lifestyles by innovating the digital payment movement system and forming strategic partnerships with key industry players. With 51% ownership by Trust Bank Limited and 49% ownership by Axiata Digital Services Sdn Bhd, 'tap' envisions becoming a leading mobile financial service provider in the country. The company aims to create a complete digitized payment ecosystem and has already established a widespread network of agents to support its operations. As a mobile financial service startup entering a rapidly evolving market landscape, Trust Axiata Digital Limited's strategic partnerships, focus on financial inclusion, and innovative approach position it as an entity to watch within the Financial Services, Insurance, and Payments industries. With a clear mission to expand its services and customer base, Trust Axiata Digital Limited presents an exciting opportunity for potential investors seeking exposure to the dynamic fintech sector in Bangladesh.