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26 February 2024

Business Insider Bangladesh

Nagad wins Mastercard Excellence Award 2023

BI Report || BusinessInsider

Published: 17:04, 27 November 2023   Update: 17:05, 27 November 2023
Nagad wins Mastercard Excellence Award 2023

Photo: Courtesy

Nagad, a leading mobile financial service provider in Bangladesh, has been awarded the Mastercard Excellence Award 2023 for its exceptional contribution to the credit card bill payment system in the country.

The mobile money platform received this prestigious accolade under the category of "Master Evolution," as announced in a press release on Monday.

Nagad's Executive Director, Maruful Islam Jhalak, received the award on behalf of the company during a ceremony held at Radisson Blu Hotel in Dhaka

Earlier in 2022, the company grabbed the Mastercard Excellence Award for its remarkable contributions to financial inclusion in Bangladesh.

This year's acknowledgment stands as a testament to Nagad's unwavering commitment to delivering seamless and efficient credit card bill payment solutions.

The award also recognises the company's continual pursuit of excellence, customer-centric approach and the positive impact it has made on the financial landscape.

Upon receiving the award, Jhalak said, "This recognition will inspire us to achieve our goal of a Smart Bangladesh. Nagad has been dedicated to promoting digital payments since its inception. In just five years of our journey, we have engaged approximately 8 crore customers, marking a revolution in the financial industry. We, along with our partners, aim to accelerate the ongoing digital transformation, ultimately pushing our country towards a cashless society."

Bangladesh Bank’s former governor and Dhaka University Emeritus Prof Atiur Rahman attended the award giving ceremony as chief guest while Deputy Chief of Mission at US Embassy to Dhaka Helen LaFave was present there as special guest.

Directors of Payment Systems Department of Bangladesh Bank Sharafat Ullah Khan and Motasem Billah, among others, were also present at the event.

Besides, Nagad’s Chief Commercial Officer Shihab Uddin Chowdhury, Chief Marketing Officer Sadat Adnan Ahmad, Chief Digital Officer Shyamol B. Das, Head of Product Development Golam Jamil Ahmed, and Head of Business Planning Sirajus Salekin also attended the function.

Nagad has won quite a few international awards for its outstanding contribution to the expansion of Bangladesh’s financial market.

This year, the company clinched the “Fastest to Unicorn Award” from the Honourable Prime Minister of the People’s Republic of Bangladesh Sheikh Hasina at the “Bangladesh Startup Summit 2023”, hosted by Startup Bangladesh Ltd., the flagship venture capital company of the Government of Bangladesh’s ICT Division.

Besides, the MFS carrier was accorded “Best Innovative Digital Financial Service Brand” given by Global Brands Magazine.

Other accolades conferred on Nagad include the WITSA Global ICT Excellence Award 2020, Inclusive Fintech 50, Best Digital Financial Service Provider Award, Digital Bangladesh Award, E-Commerce Mover Award, and Best Marketing Communication Award, which also helped to portray Bangladesh positively across the globe.