Nagad, a popular mobile financial service, which is an entity of the Postal Department, has shared revenue with the mother organisation this year like every year. The Postal Department has formally received BDT 4 crore 50 Lac and 46 Thousand as revenue from Nagad’s earnings in the 2021-22 fiscal year.

Nagad authorities handed over the cheque for the said amount payable to the Postal Department at a programme in Dhaka’s Agargaon area today (Wednesday).

Secretary of the Posts and Telecommunications Division Md. Khalilur Rahman received the cheque from Nagad’s Executive Director Md. Shafayet Alam. Posts and Telecommunications Minister Mustafa Jabbar, Director General of the Postal Department Md. Harunur Rashid, and Nagad’s Founder and Managing Director Tanvir A Mishuk were present there.

Bangladesh Postal Department is entitled to getting 51 percent of the revenue earned by Nagad as per the agreement between Nagad and the Postal Department. The remaining (49 percent) will go to Nagad. Nagad handed over revenue amounting to BDT 1.12 crore in 2019-20 and BDT 3.31 crore in 2020-21 financial year to the Postal Department earlier.

In his speech Posts and Telecommunications Minister Mustafa Jabbar said, `In my opinion, `Nagad’s existence has saved country’s thousand crore taka. In our country there is a system like when you are doing your job, people will try to pull your leg from behind. Nagad not only served the country but also created some enemies. Some people are trying to attack us for their own interests. From the very beginning, we were with Nagad, we are and will be with them.’ He said, `There are some misunderstandings and miss information here about Nagad. We have to be aware of this. There is a huge difference between Nagad and Bkash’s cash out charge, and that is thousand crore taka. We have to give thanks to Nagad for this. Nagad is needed for the country and the nation.’    

Posts and Telecommunications Minister Mustafa Jabbar also said, `There is no scope to believe that someone’s jostles can make Nagad unstable. People will try, but we will not downfall. In various ways, we were being whispered. These types of rumors are no matter to us.’ Thanking to Nagad the minister also said, `Nagad is a service of the postal department. Nagad’s achievements are our achievements. Nagad’s growth is our growth. This is a bonus for us.’       

Secretary of the Posts and Telecommunications Division Md. Khalilur Rahman said, `There were enemies behind us and they will be. I do believe that enemies will not be vanished, this will continue. We have to work in between this.’ He said, `I do not see any dissimilarities between postal department and Nagad, all is clear. Today’s message will go to the media tomorrow and it will clear the rest.’

Nagad’s Founder and Managing Director Tanvir A Mishuk said, `In every year we exchange our revenue shares with the postal department. According to the agreement between Postal Department and Nagad today we have shared 51 percent of revenues with postal department.’ 

Since its inception in 2019, Nagad, as a service entity of the Postal Department, has attained confidence of the common people. It has brought a revolution in digital financial services by including the people who lag behind in society.

Nagad has innovated e-KYC and d-KYC in the process of opening accounts, the first of its kind in the country. It has offered a variety of up-to-date services such as a minimum charge on cash out and sending money free of cost. Within only three and a half years, Nagad has emerged as the wallet of the common people.

Customers can enjoy the services of Nagad from anywhere in the country anytime. Nagad is also reaching the beneficiaries of the government disbursements such as stipends for students and difference assistance under safety net programmes in a transparent manner.

Nagad has won a number of national and international awards as recognition of its innovation and services at affordable costs.