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Bangladesh Finance, Nagad ink deal

  • Staff Correspondent
  • 25 January, 2022 12:00 AM
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Bangladesh Finance has signed an agreement with the postal department's mobile financial service 'Nagad' to make financial transactions easier, faster and more convenient.

Under the agreement, Bangladesh Finance Limited will be able to provide various digital transaction related services including opening of savings account and deposit collection, SME loan disbursement and repayable loan installment collection, factoring loan disbursement through 'Nagad' from now on, said a press release.

An agreement to this effect was signed at a function held at the head office of Bangladesh Finance Limited at Dilkusha in Dhaka on Monday. Md Kyser Hamid, Managing Director and CEO of Bangladesh Finance Limited and Rahel Ahmed, CEO of Nagad signed the agreement on behalf of their respective organisations.

Under the deal, from now on, Bangladesh Finance will provide financial services to the company in remote areas of the country.

The customers of 'Nagad' will get this facility, which will save customers time and labor by avoiding the hassle of going out on time of Covid as well as the unwanted hassle of traveling.