Business Desk :
Bangladesh Postal Department’s Digital Financial Service ‘Nagad’ and Southeast Bank and Mastercard launched a new feature for Nagad’s mobile app that enables users to instantly add money from their Mastercard credit, debit and prepaid cards into their Nagad accounts.
This service will be provided by Southeast Bank’s Mastercard Payment Gateway Services (MPGS). Mastercard was the pioneer payment scheme in Bangladesh to launch the ‘Add Money’ service for mobile wallets as early as 2019, said a press release.
With this service Nagad app users can now add money to their Nagad accounts. Nagad cash-in limits will be applicable for this service.
To complete seamless transactions any time of the day, Nagad users need to click the ‘Add Money’ button on the Nagad app interface and select the card option. Users must then provide the required card details and enter the amount they wish to transfer from the card. Users will then receive an OTP (One Time Password) on their registered mobile phone number. By entering the OTP, users will be able to complete the transaction.
