Niaz Morshed Elite, executive director at Nagad Ltd has been appointed as the chairman of the Standing Committee on FinTech and Digital Payment at Bangladesh Association of Software and Information Services (BASIS).

As chairman, Elite will have the opportunity to lead initiatives aimed at fostering innovations and streamlining digital payment systems, influence crucial decisions and inspire committee members, according to a press release.

The standing committee will give importance to addressing regulatory challenges, promoting the adoption of digital payment solutions, and supporting the growth of fintech startups.

Elite expressed his enthusiasm for the new role, stating, “It is an honour to be appointed as the chairman of the Fintech & Digital Payment Standing Committee at BASIS. I look forward to collaborating with industry leaders and stakeholders to drive digital transformation and create a more inclusive financial ecosystem in Bangladesh.”

Niaz Morshed Elite is involved in many other businesses and has also associations with a variety of professional, sports and socio-cultural organisations. He is also the managing director of Borotakia Group. Besides, he is the founding president of JCI Chattogram alongside serving as the two-time national president of this non-profit organization.

Elite is also serving as chairperson of JCI Bangladesh Trust and director of Chattogram Regional Cricket Council.