Nagad wins ‘Excellence in Innovation’ title in 2022 Asia-Pacific Stevie Awards

Nagad was named the Gold winner in the ninth edition of the Asia-Pacific Stevie Award under the category of ‘Excellence in Innovation in Financial Industries category’ recently. More than 100 top executives from all across the world serving as judges declared Nagad, the arm of Bangladesh Postal Department’s mobile financial service, the Gold winner.
More than 900 nominations from organizations across the Asia-Pacific region were considered this year in categories such as Award for Excellence in Innovation in Products and Services, Award for Innovative Management and Award for Innovation in Corporate Websites, among many others.
Nagad won in the ‘Excellence in Innovation in Financial Industries’ category. Nagad’s innovation —the Electronic Know Your Customer (EKYC) and Digital Know Your Customer (DKYC), the streamlined process of opening a banking account by simply dialing *167# was the first of its kind innovation in the country. The MFS operator has been recognized through this prestigious Stevie award for its relentless efforts in bringing innovative and affordable digital payment options to customers.
Commenting on the award, Tanvir A Mishuk, Managing Director and Founder of Nagad limited said, “Any recognition is highly encouraging for us, and we are thrilled to receive this prestigious award under the category of ‘Excellence in Innovation in Financial Industries’ as innovation is at the core of what we do and the reason why we are known as the most innovative digital financial service provider in the country. This award will undoubtedly motivate us to introduce more innovation in the coming days.”
The Asia-Pacific Stevie Awards are the only business awards program to recognize innovation in the workplace in all 29 nations of the Asia-Pacific region. The Stevie Awards are widely considered to be the world’s premier business awards, conferring recognition for achievement in programs such as The International Business Awards for 20 years.
“The ninth edition of the Asia-Pacific Stevie Awards attracted many remarkable nominations,” said Stevie Awards president Maggie Miller. “The organizations that won this year have demonstrated that they have continued to innovate and succeed despite the COVID-19 pandemic, and we applaud them for their perseverance and creativity. We look forward to celebrating many of this year’s winners during our virtual awards ceremony on 29 June.”
Since its inception in 2019, Nagad won numerous awards and recognition for playing a pivotal role in the pursuit of country’s Digital Bangladesh vision. Nagad recently received the ‘Best DFS (Digital Finance Service Award) of 2021 from the UK-based Global Economics Ltd. other award and recognition includes, ‘Best fintech start-up for 2020’, World Information Technology and Services Alliance Global ICT Excellence Award 2020, Digital Bangladesh Fair 2020 and many more.