DHAKA,
Bangladesh, Oct. 2, 2023
/PRNewswire/ -- Nagad, a popular mobile financial service provider
based in Bangladesh, has scooped
prestigious "Visa Excellence Awards 2023" for its remarkable
contribution to boosting digital payments within the country.
Visa, a leading digital payment entity, recently recognised its
partner Nagad in the category of "Excellence in CyberSource –
Payouts" for its "Credit Card Bill Payment" and "Transfer Money to
Visa Debit Card" products at the "Visa Leadership Conclave-2023".
The event – themed "Towards a Cashless, Smart Bangladesh" – took
place at Sheraton Hotel in Dhaka.
On behalf of Nagad Ltd., its Executive Director Mohammad Aminul Haque, Chief Commercial Officer
Md Shihab Uddin Chowdhury, and Head
of Product Development Golam Jamil Ahmed proudly received the
award.
Nagad is now working towards helping the country accelerate its
digital transformation. The world's fastest-growing fintech
company's move to launch the much-awaited digital bank bears
evidence of its rigorous efforts in making cashless Bangladesh a reality.
Founder and Managing Director of Nagad Ltd. Tanvir A Mishuk
said, "It is an honour for us to have been recognised by our
partner, VISA. Such acknowledgment serves as an inspiration for us
to make bigger moves in terms of introducing more customer-centric
products and services."
Keeping in mind that the government targets to make 75 percent
of transactions cashless by 2027, Nagad has already chalked up
plans to bring in disruptive products and services tailored to the
changing needs of our customers, thus accelerating our country's
digital transformation, he pointed out.
"We express our heartfelt gratitude to all our customers,
regulators, and partners for their continued association with
Nagad," he added.
At this year's annual conclave, Visa also recognised its other
partners, including banks, fintech companies, merchants, and other
members of the ecosystem – for their contribution to digital
payments in Bangladesh.
Bangladesh Government's Planning Minister MA Mannan, MP, graced
the occasion as the chief guest, while Md Sharafat Ullah Khan,
director of the Payment Systems Department at Bangladesh Bank, was
the guest of honour at the programme. Soumya Basu, country manager in Bangladesh, Nepal, and Bhutan, Visa, also attended the event.
Mentionable, in 2022, Nagad, as the first MFS company in
Bangladesh, was conferred with the
"Excellence in Fintech Product Innovation 2022" award by
Visa.
The company has won many more local and international awards for
its outstanding contribution to the expansion of Bangladesh's financial market. Such accolades
include WITSA Global ICT Excellence Award 2020, Inclusive Fintech
50, and Mastercard Excellence Award 2022 in two categories for
digital innovations in Bangladesh's financial industry.
About Nagad Ltd (https://www.nagad.com.bd/)
Nagad Limited is one of the leading MFS operators in
Bangladesh's payment industry with
80 million registered customers and an average daily transaction of
about USD 112 million. The digital
payment platform, known as a successful public-private partnership
between Bangladesh Postal Department and the private sector, was
inaugurated in 2019 by Prime Minister Sheikh Hasina of the people's
republic of Bangladesh.
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SOURCE Nagad Limited