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‘Nagad is PM-approved service’

  • Special Correspondent
  • 13 September, 2021 12:00 AM
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Posts and Telecommunications Division Secretary Md Afzal Hossain responded to the recent claims by different quarters and said “Nagad is a financial service approved by the Prime Minister.”

“It is known to all that Posts and Telecommunications Division and Postal Department have partnership over the mobile financial service Nagad,” he said in a video statement on Sunday.

“It is a well-known fact that Honorable Prime Minister has approved of this service. She herself started the transaction of it with Tk10,000. So, the prime minister’s approval on the service is there,” the secretary said.

Earlier, Posts and Telecommunications Minister Mustafa Jabbar and Postal Department’s Director General Md Siraj Uddin also refuted the claims made by different quarters in separate statements.

There is no room for confusion that Nagad is a service of the Postal Department, they said.

In line with that, Posts and Telecommunications Division Secretary Md Afzal Hossain said, “Postal Department and Third Wave Technologies tie-upped and started their journey in 2017 with the Nagad service.”

“With time and overcoming obstacles, now in 2021 Nagad has gained a significant position,” he said.

“Nagad will serve extensively for citizen’s wellbeing and will contribute to create cashless society in the coming days,” hoped the Secretary.

Md Afzal Hossain, “Nagad in an exceptional financial service among all the financial services of the country. Nagad’s customer base and profit is also increasing day by day.”  He said, “Nagad will come over as a complete information-based technological service overcoming the obstacles in the future.”

“Now we are at the second position and I hope very soon we will become number one and serve the country and its people better.”

On March 26, 2019, Prime Minister Sheikh Hasina inaugurated the Nagad service officially.

In last two and a half years Nagad acquired 5.5 crore customer with a daily average transaction of more than Tk 700 crore.

Nagad is playing a vital role in disbursement of government donation, stipend and financial assistance with transparency and with extraordinary innovation in account opening.

It is also contributing to financial inclusion of the people in the country.