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09 December 2021

Business Insider Bangladesh
Rangdhonu Group

Nagad wins Mastercard Excellence Award

BI Report || BusinessInsider

Published: 15:16, 24 November 2021   Update: 15:28, 24 November 2021
Nagad wins Mastercard Excellence Award

Nagad logo


Nagad has achieved ‘Mastercard Excellence Award- 2021’ for its contribution towards achieving financial inclusion in Bangladesh.

Nagad’s efforts in the Merchant category in Mobile Financial Services (MFS) sector also brought the honour, said a press release.

Recently the ‘Mastercard Excellence Award- 2021 Next and Beyond’ ceremony was held in the capital, where the organization announces the name of award recipients.

In the event, Planning Minister M A Mannan was present as chief guest, Md Khurshid Alam, executive director of Bangladesh Bank was the special guest, Helen LaFave, charge d’ affairs of the US Embassy Dhaka attended as a guest of honour and some other officials and organizations were present.

Nagad has already acquired many national and international awards such as; Best Innovative Digital Finance Service Award 2021, Inclusive Fintech 50 Award, Best Digital Financial Service Provider Award, WITSA Global ICT Excellence Award, Digital Bangladesh Award, Financial Technology Man of the Year Award, E-Commerce Mover Award, Commward 2021 and many more.

The Excellence award by Mastercard was introduced in 2019, then the payment technology company has been offering this award to different banks, FinTech, other financial institutions and bodies for their contribution to financial inclusion in Bangladesh.

Regarding the award, Nagad’s co-founder and Managing Director Tanvir A Mishuk said, “Any kind of recognition gives pleasure. From the very beginning, we have been trying to give the mass people a hassle-free and affordable service. I hope Nagad will continue its efforts to keep the pace of its excellence.”

In 30 years of operations in Bangladesh, Mastercard has organized and offered the recognition to its 35 banking partners, financial institutions and merchants. Currently, in the third season of the award, the company focuses on innovation in the business arena and successful contribution to the country’s economy while nominating the awardees.