Business Desk :
Nagad, the mobile financial service of the Bangladesh Post Office, is playing an outstanding role in transforming Bangladesh into a cashless country, said top brass of various sectors. They said Nagad has brought in revolution to digital transactions in the country in just three years, including the introduction of electronic Know Your Customer (e-KYC), which is undoubtedly an exemplary achievement.
They made the comments as they congratulated the fast-growing mobile financial service provider on the occasion of its third anniversary. Prime Minister Sheikh Hasina inaugurated the commercial operation of Nagad on March 26, 2019. Since then, Nagad has been coming up with surprises after introducing account opening through electronic KYC. It has added one innovation after another, lifting its registered customers above six crores and providing services at affordable prices which ensures market competition, said a press release.
Mustafa Jabbar, Posts and Telecommunications minister thought that what Nagad has attained in three years is a role model for anyone. He said, “Every day, Taka 700 crore are being transacted through Nagad, six crore people are its customers and they have received the funds related to scholarships, stipends or government incentives through Nagad. Delivering
these services flawlessly to the people is almost an impossible task. But, Nagad has done it efficiently.”
Nagad is playing a vital role in making Bangladesh a paperless country and it will continue to attract customers through innovative services in the coming days, he added. Zunaid Ahmed Palak, State Minister for Information and Communication Technology, said providing services to more than six crore customers in just three years are an unprecedented feat in the world. Nagad has set a rare example by providing allowances and scholarships and taking the emergency financial relief from the Prime Minister to the accounts of 50 lakh families.
Md. Atiqul Islam, mayor of Dhaka North City Corporation (DNCC), said Nagad will be a pride for Bangladesh in the case of transactions in the future. Many governments and non-government financial institutions are already
following the invention of the e-KYC of Nagad that has changed the direction
of financial digitalisation. Nagad accounts are being opened by dialing *167# from any mobile phone in the country. This is a rare event in the world.
