As part of a revenue-sharing arrangement, Nagad, one of the country’s leading mobile financial service providers, has disbursed BDT 13 crore 82 lakh 30 thousand 470 to the Bangladesh Post Office. This amount represents the Post Office’s share of revenue generated by Nagad from January 2024 to June 2025.
The cheque was formally handed over on Tuesday at the Dak Bhaban in Agargaon in the capital by Nagad’s Chief Financial Officer (CFO) Afzal Ahmed, to Mr. Kazi Asadul Islam, Director General of the Department of Posts. Among others SM Haroonur Rashid, Additional Director General of the Department of Posts, Bangladesh Bank appointed associate administrator Md Nahim Uddin, Nagad’s Chief Corporate Affairs Officer, Md. Samsul Islam, along with senior officials from Nagad Limited and the Department of Posts were also present at the event.
According to the agreement with the Post Office, Nagad Limited bears all investments required for operating the business, including technological infrastructure and Department of Posts does not make any financial investment in service operations. However, it receives 51 percent of the revenue generated, while Nagad Limited retains the remaining 49 percent.
Previously, since the launch of the service, Nagad has disbursed a total of BDT 14,60,94,660 to the Post Office as its share of revenue at different times. This includes a cheque of BDT 5,51,37,558 handed over in May 2024, BDT 4,50,46,647 in 2022, and BDT 1.12 crore in 2020.
Following the cheque handover, Director General Kazi Asadul Islam expressed his gratitude to Nagad’s management. He stated that Nagad has successfully created significant competition in the sector, encouraging customers to adopt cashless transactions, which in turn is contributing to substantial growth in Bangladesh’s financial services sector.
He said that Nagad is a service of the Postal Department. Together, the Postal Department and Nagad will take the platform even further ahead. Just as the Postal Department owns Nagad, the government also holds ownership. Currently, around BDT 13–14 crore is being received annually which could reach to BDT 100 crore and boost the government’s exchequer.
Nagad Administrator Md. Motasem Billah remarked that the organization has played an outstanding role in financially including marginalised populations through technology. He added that Nagad has been instrumental in ensuring customer interests by fostering competition and innovation in the market, while also contributing significantly to government revenue every year.
Since its launch in March 2019, Nagad has earned the confidence of the common users and has brought about a transformation in the country’s digital financial landscape by integrating underserved communities into the financial system. The platform now handles an average transaction volume of approximately BDT 15,000 crore a day.
In addition to ensuring innovative services and the lowest cash-out charges, Nagad has brought unprecedented changes to the financial sector. The organization has played a key role in distributing funds under the government’s Family Card programme. It is also actively involved in disbursing stipends for primary and secondary education, grants from the Prime Minister’s Education Assistance Trust, and various government social safety net allowances with transparency and efficiency.
In the future, Nagad is expected to play a significant role in distributing funds under initiatives such as the Farmer Card programme, allowances for imams and muezzins, and other government subsidies and grants.