Monday, 29 November, 2021

Nagad wins Mastercard Excellence Award-2021

Nagad wins Mastercard Excellence Award-2021

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Nagad, the world's fastest-growing Mobile Financial Service, has achieved 'Mastercard Excellence Award-2021' for its contribution towards achieving financial inclusion in Bangladesh. 

Nagad's efforts in the Merchant category in MFS sector brought the honor. Recently the 'Mastercard Excellence Award-2021 Next and Beyond' ceremony was held in the capital, where the organization announced the name of the award recipients. 

In the event, Planning Minister MA Mannan was present as the chief guest while 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 honor, said a press release.

Since its inception, Nagad, the mobile financial arm of the Bangladesh Post Office, has gained popularity for its easy and affordable services in this country. 

Nagad has already acquired many national and international awards such as; The Best Innovative Digital Finance Service Award 2021 for its initiatives on financial inclusion through an extraordinary mobile application e-KYC, the first of its kind in Bangladesh.

Besides, it also received the Inclusive Fintech 50 Award for being an elevator of top start-ups innovating FinTech and driving financial inclusion globally, The Best Digital Financial Service Provider Award, WITSA Global ICT Excellence Award, Digital Bangladesh Award, The Financial Technology Man of the Year Award, The E-Commerce Mover Award, Commward 2021 and many more. 

The Excellence award by Mastercard was introduced in 2019, since 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.

While talking about the award, Nagad's Co-founder and Managing Director Tanvir A Mishuk said, "Any kind of recognition gives pleasure. From the very beginning, we're 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 

Over the last 30 years of operations in Bangladesh, Mastercard recognized 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.