Nagad gets Visa ‘Excellence in Fintech’ award

Global payments service provider Visa has conferred Nagad with the 'Excellence in Fintech Product Innovation 2022' award for its recent offering of transferring money from the mobile wallet to any Visa card and the state of art technology with easily accessible payment solutions.

This is the first time Visa has awarded the title to a mobile financial services provider in Bangladesh, said a press release.

Visa recently hosted the ‘Visa Leadership Conclave-Digital Payments for Smart Bangladesh 2022’ at the Sheraton Hotel in the capital. Salman Fazlur Rahman, MP, adviser to the Prime Minister on Private Industry and Investment, was present as chief guest at the event.

“We are delighted to recognise Nagad’s contribution through the 'Excellence in Fintech Product Innovation 2022' award and congratulate them,” said Soumya Basu, Visa’s country manager for Bangladesh, Nepal and Bhutan.

Nagad and Visa jointly pioneered a solution a few months ago that allows consumers to use Nagad to transfer funds directly from their wallet to any bank account linked to a Visa card, he said.

“Accelerating the interoperability between MFS and banks, we believe this initiative not just makes digital payments convenient but gives consumers the comfort of money movement anytime, anywhere,” Basu added.