Mobile financial service arm of Bangladesh Post office Nagad is currently distributing 75 percent of social safety allowances administered by the Department of Social Services(DSS) successfully. Outgoing Director General of the Department of Social Service (DSS) Sheikh Rafiqul Islam made the remark recently. Government allowances are distributed by the DSS to the elderly, widows, underprivileged disabled, and disabled students who are the most underprivileged segment of the society. The director general of the DSS said, "We have worked with society's least educated and most disadvantaged people. Many of them cannot use mobile phones and do not have any idea about OTP or PIN keys. The formidable challenge of accessing or transacting money through mobile financial services by these people have been accomplished and Nagad was instrumental in overcoming this obstacle.” Read: Nagad sets up solar billboards to cut electricity consumption He added, “Providing allowances in such regions posed many difficulties. In Rangabali of Patuakhali, a portion of our allowance was distributed in the summer when the sea was turbulent. At that time, the employees of Nagad navigated the stormy sea and accounted for the Rangabali people." He said, “The management of Nagad is extremely dynamic, visionary, and competent. In a very short period, they expanded the number of employees, trained them, and helped open 60 lakh accounts. They have performed this feat with exceptional skill.” “According to our reports, they disbursed allowances in a transparent manner and we have not yet received any complaints regarding Nagad's allowance distribution,” he said Earlier in January 2021 the Primer Sheikh Hasian formally inaugurated the social safety net allowances disbursement and later in March this year the authority has renewed the agreement with Nagad. With the safety net allowances and education stipend Nagad, the disruptive mobile financial service has disbursed more than BDT 15,000 crore of Government to the distressed people.

The mobile financial service of the Bangladesh Post Office, Nagad handed over BDT 3,31,94,877 to the authority for the fiscal year 2020-21 as its share. At a recent function at in the secretariat secretary of Posts and Telecommunications Md. Afzal Hossain has received a cheque mentioning the amount from Nagad Executive Director Md Shafayet Alam. Director-General of the Department of Posts Md. Siraz Uddin and other senior officials were also present. As per the agreement, the postal department is entitled to 51 percent of the total revenue generated from the services of Nagad, and the remaining 49 percent goes to Nagad Limited. Earlier, in the financial year of 2019-20, the postal department received Tk 1.12 crore from Nagad. Read Nagad is a service approved by PM: Secretary Afzal After receiving the cheque, Secretary of the Ministry of Posts and Telecommunications Md. Afzal Hossain said the postal department and Third Wave Technologies Limited launched Nagad in 2017 under an agreement and reached in a better stage after overcoming various ups and downs.  Secretary Md. Afzal Hossain said, “Nagad has established a strong position among all the mobile financial services in the country. The customers and income of Nagad are increasing day by day. Hon’ble Prime Minister herself started the transaction of Nagad with Tk 10,000. Nagad is owned by the Department of Posts and Telecommunications. It is well-recognized. I believe that Nagad will play a huge role in serving the people and will contribute to building a cashless society.”  He said, “Currently we are in the second position. I believe Nagad will be able to move to the top position very soon and serve the country and the people.” Read No room for confusion over Nagad ownership: Postal Department Nagad Executive Director Md. Shafayet Alam said that from the very beginning, Nagad has been conducting all the activities as per the instructions of the postal department. The revenue received by the postal department in the just-concluded fiscal year was much higher than the previous year. He hopes that with the trust and love of the people, Nagad will be able to earn more revenues for the postal department in the coming days. In just two and a half years of its rollout as a service of the postal department, Nagad has revolutionized the country's mobile financial service market. As a result, the common people of the country can enjoy all the latest services, including the lowest cash-out charge. Anyone can open a Nagad account in a few seconds by dialing *167# on any mobile phone anytime, from anywhere. Moreover, Nagad is disbursing various assistance and allowances of the government among the beneficiaries in a very transparent manner, starting from the Eid gift of the Hon’ble Prime Minister. Even during the coronavirus pandemic and lockdowns, Nagad has played an important role in keeping the lives of ordinary people normal with uninterrupted service. Nagad has built a position in the market in a very short time on the back of the people’s interest and trust. Read Nagad to issue BDT 5 billion zero-coupon bond Nine countries, including Australia, Singapore and Japan, expressed their interest in introducing service in the model of Nagad during an event of the Asia Pacific Postal Union, an organization of the postal departments in various countries in the Asia-Pacific region.

Bangladesh Post Office on Tuesday released a special commemorative postage stamp, an opening day cover and a Data Card marking the 50th birth anniversary of Sajeeb Wazed Joy, grandson of Father of the Nation Bangabandhu and Prime Minister Sheikh Hasina’s ICT affairs adviser. The prime minister unveiled the Tk 10-commemorative postage stamp, a Tk 10-opening day cover and a Tk five-Data Card at a simple ceremony at Ganobhaban. Also read: PM releases commemorative stamp marking Golden Jubilee

Nagad, the digital financial service of Bangladesh Post Office, has officially started the process of bringing the users of Grameenphone Limited under this state-of-the-art innovation.