The Bangladesh Bank has once again renewed the interim licence of Nagad as the Bangladesh Post Office (BPO) could not form a subsidiary to run the mobile financial service within the deadline.
The Bangladesh Bank has once again renewed the interim licence of Nagad for another six months as the Bangladesh Post Office (BPO) is yet to form a subsidiary to run the mobile financial service.
Nagad crosses 4 crore usersâ landmark, Tk 400cr daily transaction
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has recently surpassed the 4 crore usersâ landmark.
Nagad, the fastest-growing mobile financial service of this kind in the world, has also gone past Tk 400 crore mark of the daily transaction in just two years of its launching, said a press release.
Nagad has earned kudos by digitalizing the disbursement of various government allowances, stipends and financial assistance during the coronavirus pandemic. Digitalization has made it easy to deliver the benefit to the beneficiaries, ensured transparency, and saved the government money.
Nagad crossed the landmark of one crore customers in just 10 months after Prime Minister Sheikh Hasina inaugurated the service on March 26, 2019.