Nagad says client base surging at record pace

Business Desk | Published: 23:11, Feb 23,2021


Bangladesh Postal Depart-ment’s digital financial service Nagad has seen around 1.80 lakh new clients joining its network every day recently, said a press release.

On an average, 1.5 lakh people have registered with Nagad every day in the last two weeks, the company said in the release.

Around 1.85 lakh people joined Nagad’s platform on February 17 and a similar pace of client registration was observed on the day before and after.

The number of Nagad clients has surpassed three crore.

Nagad has recently signed agreements with all mobile phone operators to allow their subscribers to open MFS account by dialling *167#.

The company said that the Nagad app download had gone up to such a level that it was on the top chart of Google Play Store among apps from Bangladesh. 

Speaking about the rise in Nagad’s client base, its managing director Tanvir A Mishuk said, ‘We had wanted from the very beginning that we would take Nagad to people across the country very easily. Aiming that, we have reduced the cost and ease the account opening process and through it we also have ensured liberty of using financial service.’  

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