Nagad becomes number one DFS Operator in Bangladesh

The Digital Financial Service of Bangladesh Post Office and mobile phone operator Robi Axiata Limited initiated the process of bringing 50 million Robi subscribers under financial inclusion. This ground-breaking agreement between “Nagad” & “Robi Axiata Limited” will increase Nagad’s customer base to 60 million, making Nagad the number 1 (one) Digital Financial Service provider in the country in terms of customer base.

Honorable Prime Minister Sheikh Hasina officially inaugurated “Nagad” on 26 March, 2019. Within a very short span of time, Nagad has expanded service network across the country and has earned the trust of the people of Bangladesh. Under the dynamic supervision of Mr. Mustafa Jabbar, Honorable Minister for Posts and Telecommunications Division (Ministry of Posts, Telecommunications and ICT); “Nagad” has crossed the remarkable milestone of BDT 100 crore daily transaction. Honorable Prime Minister Sheikh Hasina has recently endorsed a directive to distribute all Government disbursements through “Nagad”. Therefore, all Government allowances will be disbursed through Bangladesh Post Office’s Digital Financial Service – “Nagad”.

This revolutionary initiative is a giant step to ensure the financial inclusion of the lower & middle income population of Bangladesh. Simultaneously, this will also help to achieve the Sustainable Development Goals (SGDs) of Bangladesh. This will transform the digital financial service sector of Bangladesh and act as a catalyst for achieving the “middle income country” status.

“Nagad” is currently offering customers the most “value for money” cash-out charge in the industry which is BDT 14.50 per thousand. In addition, there is also offering of BDT 5.00 cash back per thousand BDT cash-in. “Nagad” is committed to the development of Bangladesh through empowering millions of people by providing customized and state-of-the-art Digital Financial Products and Services.