Nagad a Service Approved by PM: PTD Secy

Brushing aside recent alleged propaganda by a 'vested quarter' about Nagad’s partnership, Posts and Telecommunications Division Secretary Md Afzal Hossain said that Nagad is a financial service approved by the Prime Minister, reads a press release. 

In a video statement on Sunday, the Posts and Telecommunications Division Secretary said that it is known to all that the Posts and Telecommunications Division and Postal Department have partnership over the mobile financial service Nagad.

“It is a well-known fact that the Honourable Prime Minister has approved of this service and she herself started the transaction of it with Tk 10,000. So, the Prime Minister’s approval on the service is there,” he said.

Before the Secretary, Posts and Telecommunications Minister Mustafa Jabbar and Postal Department’s Director-General Md Siraj Uddin, refuting the propaganda, in separate statements said that there is no room for confusion that Nagad was a service of the Postal Department.

In line with that, Posts and Telecommunications Division Secretary Md Afzal Hossain said, “Postal Department and Third Wave Technologies tie-upped and started their journey in 2017 with the Nagad service. With time and overcoming obstacles, now in 2021 Nagad has gained a significant position.”

Nagad will serve extensively for citizen’s well-being and will contribute to creating a cashless society in the coming days, hoped the Secretary. “Nagad in an exceptional financial service among all the financial services of the country. Nagad’s customer base and profit are also increasing day by day,” he said.

The Secretary said, “Nagad will come over as a complete information-based technological service overcoming the obstacles in the future. Now we are at the second position and I hope very soon we will become number one and serve the country and its people better.”

March 26, 2019, Prime Minister Sheikh Hasina inaugurated the Nagad service officially. In the last two and a half years, Nagad acquired a 5.5 crore customer with a daily average transaction of more than BDT 700 crore. Nagad is playing a vital role in the disbursement of government donation, stipend and financial assistance with transparency and with extraordinary innovation in account opening it is also contributing to the financial inclusion of the country.