Mobile financial services (MFS) provider Nagad has brought a bonus offer of up to Tk200 on "add money" from Mastercard. A customer will get a bonus of Tk60 for adding Tk3,000 and Tk140 for TK7,000. A customer can avail of the offer only once during the campaign, according to a media statement. The campaign will continue till January 9, 2023, it added. Read: Nagad is a Digital Bangladesh success story: Mustafa Jabbar Nagad Chief Business Officer Sheikh Aminur Rahman said: "Customers do not have to wait in long queues in banks thanks to Nagad's add-money feature." "We are making digital transactions more powerful and familiar," he added.

Mobile financial services (MFS) provider Nagad has brought an instant cashback offer of Tk50 on 'add money' from banks. The offer will be valid till September 30, according to a media statement. When customers use the 'Bank to Nagad' option to add money to their 'Nagad' account, they will get the bonus in their Nagad account. However, the offer will not be valid if they dial *167# (USSD). When adding money to their wallet, Nagad customers will receive instant cashback from the following Trust Bank, Islami Bank Bangladesh, City Bank, Community Bank Bangladesh, First Security Islami Bank, Mutual Trust Bank, Prime Bank, Premier Bank, AB Bank, NRBC Bank, Social Islami Bank, Dhaka Bank, IFIC Bank, National Bank, Exim Bank, Midland Bank, Standard Bank, Union Bank, Shahjalal Islami Bank, NRB Bank, Rajshahi Agricultural Development Bank, Meghna Bank, Bangladesh Development Bank, Bengal Commercial Bank, South Bengal Agriculture and Commerce Bank. Nagad Chief Business Officer Sheikh Aminur Rahman said: "I believe the instant cashback offer will significantly improve and elevate our customers' bank-to-wallet loading experiences."  

 

The opportunity of instant money transfer service from banks’ app and internet banking to bKash account has been increased with seven new banks.

Bangladesh Postal Department’s Digital Financial Service ‘Nagad’, Southeast Bank and Mastercard launched a new feature for Nagad’s mobile app that enables users to instantly add money from their Mastercard credit, debit and prepaid cards into their Nagad accounts.    This service will be provided by Southeast Bank’s Mastercard Payment Gateway Services (MPGS). Mastercard was the pioneer payment scheme in Bangladesh to launch the ‘Add Money’ service for mobile wallets as early as 2019, said  a  press release.   With this service Nagad app users can now add money to their Nagad accounts. Nagad cash-in limits will be applicable for this service.   To complete seamless transactions any time of the day, Nagad users need to click the ‘Add Money’ button on the Nagad app interface and select the card option. Users must then provide the required card details and enter the amount they wish to transfer from the card. Users will then receive an OTP (One Time Password) on their registered mobile phone number. By entering the OTP, users will be able to complete the transaction.   This service will make it easy and convenient for Mastercard cardholders to top up their Nagad wallets, making contactless transactions possible. Southeast Bank Limited is the technology provider of this service.   In his speech, Tanvir A Mishuk Managing Director, Nagad said, “We are glad that Nagad Accountholders can now easily add money to their accounts from their Mastercards, and this will eliminate the need of physically visiting ‘cash in’ points. Our collaboration with Mastercard & Southeast Bank Limited will make transactions much more convenient for Nagad users in various multitudes.”                  Syed Mohammad Kamal, Country Manager, Bangladesh, Mastercard said, “Mastercard is proud to collaborate with one of the leading digital financial service providers, Nagad, to launch this wallet loading service for its customers. This collaboration with Nagad and Southeast Bank is another milestone in our partnership with the mobile financial services (MFS) sector. Mastercard looks forward to offering cardholders a better payments experience through personalized interoperable payments solutions that will give an enormous boost to card acceptance and digital transactions in Bangladesh.”