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28 September 2021

Business Insider Bangladesh

Nagad is a service approved by the PM: Telecom secretary

BI Report || BusinessInsider

Published: 16:14, 12 September 2021  
Nagad is a service approved by the PM: Telecom secretary

Nagad logo

Brushing aside the recent ongoing propaganda by a vested quarter about Nagad’s partnership, Posts and Telecommunications Division Secretary Md Afzal Hossain said that Nagad is a financial service approved by the Prime Minister Sheikh Hasina.

In a video statement on Sunday, Afzal Hossain said that it is known to all that Posts and Telecommunications Division and Postal Department have partnership over the mobile financial service Nagad, said a press release.

He said, “It is a well-known fact that, the honourable prime minister has approved this service and she herself started transaction with it amounting to Tk 10,000. So, the prime minister’s approval on the service is there.”

Before the secretary, Posts and Telecommunications Minister Mustafa Jabbar and Postal Department’s Director General Md Siraj Uddin, refuting the propaganda, in separate statements said that there is no room for confusion that Nagad is a service of the Postal Department.

In line with that, Secretary Afzal Hossain said, “Postal Department and Third Wave Technologies tie-upped and started their journey in 2017 with the Nagad service. With time and overcoming obstacles, now in 2021 Nagad has gained a significant position.”

Nagad will serve extensively for citizen’s wellbeing and will contribute to create cashless society in the coming days, hoped the Secretary. “Nagad in an exceptional financial service among all the financial services of the country. Nagad’s customer base and profit is also increasing day by day,” he said.

The secretary said, “Nagad will come over as a complete information-based technological service overcoming the obstacles in the future. Now we are at the second position and I hope very soon we will become number one and serve the country and its people better.”

On March 26, 2019, Prime Minister Sheikh Hasina inaugurated the Nagad service officially. Over the last two and a half years Nagad acquired 5.5 crore customers with a daily average transaction of more than Tk 700 crore.