Mobile financial services Naga has reached of 8 crore customers recently.

Nagad celebrated the accomplishment on Sunday along with the return of its brand ambassador cricketer Tamim Iqbal, said a press release.

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“Nagad will play a pivotal role in building a cashless society. It will continue to go ahead and acquire more customers at a pace even faster than it has reached the 8-crore milestone,” said Tamim.

“I am a member of Nagad family. I followed Nagad even before I became part of it. It is very surprising that Nagad has acquired 8 crore customers in such a quick time. I have complete trust in Nagad family. I hope our customers will double soon,” he added.

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Nagad was inaugurated on March 26, 2019 by Prime Minister Sheikh Hasina. And it quickly made a significant influence on the market. The organisation went on achieving a 1 crore customers in January of the following. In August of that year, its user base had grown to 2 crore. Nagad's clients surpassed 3 crore in March 2021, 4 crore in April, and 5 crore in June 2021. In February and December 2022, the number of its clients topped 6 crore and 7 crore, respectively, the release added.

“The positive response that we have been receiving from our customers over the last four years encourages us to go for new innovations and expand our services. We want to bring all kinds of financial transactions of all the people in our country to a digital platform. In this way, Nagad will contribute to the country’s socioeconomic development,” said Tanvir A Mishuk, founder and managing director of Nagad Limited.

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Social safety net allowances and education stipends are now being disbursed through this state-owned MFS carrier. Besides, Nagad is distributing government aid and allowances of different ministries, the release also said.