Palmpay has received formal approval from Bangladesh Bank to launch a one year trial program aimed at financing the purchase of ten thousand smartphones.

The initiative positions Palmpay Bangladesh as the local unit responsible for deploying a model that blends digital payments with consumer lending to expand mobile access across the country.

The trial is designed to test scalable financing structures and assess how smartphone ownership can accelerate usage of Palmpay's payment and loan services among new customers in a developing economy.

The regulatory green light was confirmed in a statement issued on January 29 and marks a significant step in Palmpay's strategy to broaden financial inclusion in Bangladesh.

By financing smartphone purchases, Palmpay seeks to unlock broader financial services adoption, deepen digital ecosystems, and support merchants and consumers who rely on mobile technology.

The program reflects Palmpay's broader ambition to expand in developing markets by integrating digital payments, short term loans, and device financing into a single customer friendly platform.

The move demonstrates Palmpay's commitment to collaborating with regulators and financial institutions to provide accessible, affordable technology and services that empower people to participate more fully in the digital economy.