Brushing aside the recent propaganda about Nagad’s partnership by a vested quarter, Posts and Telecommunications Division Secretary Afzal Hossain on Sunday said Nagad is a financial service approved by Prime Minister Sheikh Hasina.
In a video statement, he also said it is known to all that the Posts and Telecommunications Division and Postal Department have partnership over the mobile financial service Nagad.
“It’s a well-known fact that the Honorable Prime Minister has approved this service and she herself started the transaction with BDT 10,000. So, the Prime Minister’s approval of the service is there.”
Earlier, Posts and Telecommunications Minister Mustafa Jabbar and Postal Department’s Director General Md Siraj Uddin, also trashed the propaganda, in separate statements, and they said there is no room for confusion that Nagad is a service of the Postal Department.
Echoing them, Afzal said, “The Postal Department and Third Wave Technologies tied up and started their journey in 2017 with the Nagad service. Nagad has gained a significant position now in 2021 by overcoming obstacles with the passage of time.”
Stating that Nagad will serve extensively for the wellbeing of the country’s citizens and will contribute to creating a cashless society in the coming days, the Secretary said, “Nagad is an exceptional service among all other financial services of the country. Both the Nagad’s customer base and profit are increasing day by day."
He also said, “Nagad will turn into a complete information-based technological service overcoming all the obstacles in the future. Now we’re at the second position, and I hope very soon we’ll 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 the past two and a half years, Nagad has developed a customer base of 5.5 crore with a daily average transaction of more than BDT 700 crore.
Nagad is playing a vital role in the disbursement of the government’s donation, stipend and financial assistance with transparency and with extraordinary innovation in account opening, he said.