Debapriya applauds Nagad’s success for financial inclusion

Dr Debapriya Bhattacharya, distinguished fellow of the Centre for Policy Dialogue (CPD), has said Nagad has reached areas where large or ‘white elephant’ banks could not go.

“It can be counted as a huge step for financial inclusion. People, who used to take services from banks, are now availing of your (Nagad’s) services,” he said.

Debapriya said this while attending a Facebook live event styled “Innovation for financial inclusion leaves no one behind” organised by Nagad on Wednesday evening.

Managing Director of Nagad Tanvir A Mishuk took part in the programme, which was moderated by Nagad Chief Public Affairs Officer Solaiman Shukhon.

Speaking at the discussion, Tanvir A Mishuk said, “We had noticed that the database was not correct when we attempted to disburse the Eid gift of the Hon'ble Prime Minister.”

“But with the support of the mobile operators we were able to disbursed the PM’s Eid gift to 36 lakh people. The rest could not get the support because of information lacking,” he added.

Expressing his commitment to standing by the government of Bangladesh, Tanvir said that Nagad has a database of three crore people. Nagad has brought different disruptive innovations in the service delivery process and is devoted to bringing new innovations.

“Previously it took seven to ten days to open a financial account and we made it just a dial from any mobile phone”.

By dialling *167# from any mobile and setting the PIN one can now open an account of Nagad.