One-minute registration process launched for ‘Nagad’

Staff Correspondent

23 October, 2019 12:00 AM printer

One-minute registration process launched for ‘Nagad’

Prime Minister’s Information and Communication Technology Adviser Sajeeb Wazed Joy inaugurates a service called ‘Nagad Account in 1 Minute’ at a function at Postal Department conference room in the capital on Tuesday.

Information and Communication Technology Affairs Advisor to the Prime Minister Sajeeb Wazed Joy on Tuesday inaugurated a one-minute registration system for Nagad, a digital payment service offered by the Postal Division.

Another new mobile apps ‘Porichoy’, a national identity gateway application, will facilitate the one-minute registration process for the service.

Joy inaugurated the service at a function held at the Ministry of Post and Telecommunication at the Secretariat in the city.

Telecommunications Minister Mustafa Jabbar, Secretary Ashok Kumar Biswas, Bangladesh Postal Division Director-General of Shudhangshu Shekhar Bhadraand and Third Wave Technologies Managing Director Tanvir Ahmed Mishuk were present, among others, at the function.

Through the ‘Porichoy’ application, the ‘Nagad’ app will be able to perform automatic facial authentication and verify National ID in just a minute. As an outcome of this service by ‘Nagad’- fraudulent customer registration will now be prevented more effectively, officials claimed in a statement.

Prime Minister Sheikh Hasina inaugurated the ‘Nagad’ service on 26 March.

In just seven months after launching, ‘Nagad’ has become the second most popular financial service provider in the country and put an end to the monopoly market of mobile financial services in Bangladesh which existed for the last 11 years.   

Nagad currently offers the lowest cash-out charge at only Tk 14.50 per thousand. Also, customers will now receive Tk. 5 cash-back per thousand for cash-in.