Nagad is poised to become an essential component of Bangladesh’s financial fabric. Aligned with the needs of the people and the development goals of the Bangladesh Government, Nagad envisions its role as a one-stop digital banking destination in partnership with the entire financial services industry.
At Nagad, we believe that strategic partnerships are the key to providing the people of Bangladesh with the most relevant and impactful digital financial services. We invite you to reimagine and leapfrog into the future of financial services alongside us.
Bangladesh is a thriving economic playground, pulsing with optimism and aspiration. A population of over 170 million people, nearly half of whom are under 25, has awakened to the vast possibilities of the future. They eagerly adopt new ideas from the outside while confidently forging their own path.
Under the innovative and century-old financial authority of the Bangladesh Post Office, Nagad was launched on March 26, 2019, as a groundbreaking partnership. The mission is clear: to provide comprehensive, digital, and ever-evolving financial services to the country’s people and small businesses.
On September 17, 2024, Bangladesh Bank formed a five-member Management Board to oversee Nagad’s operational plan and strategic direction. The Management Board members as appointed are as follows:
Chairman of the Management Board:
- Dr. K. A. S. Murshid (Former Director General of Bangladesh Institute of Development Studies (BIDS)
Members of the Management Board:
- Khondokar Shakhawat Ali (Visiting Research Fellow, BRAC Institute of Governance and Development, Brac University)
- Dr. Bazlul Haque Khondker (Research Director of Policy Research Institute (PRI) of Bangladesh)
- Md. Anwar Hossain (former Executive Director of Bangladesh Bank)
- Md. Farid Ahmed (Postmaster General of Bangladesh Post Office)
Also, effective 22 Aug, 2024, Bangladesh Bank has appointed an Administrator (BPO-Nagad) to Nagad:
- Muhommad Badiuzzaman Dider (Director, Bangladesh Bank)
Within just five years of its inception, Nagad has set a remarkable benchmark with a customer base of 9.5 crore and an Uddokta network of 3 lakh.
In recognition of its achievements during its young life, Nagad has received the following awards over the past year:
- Best Brand Award, December 2023 – Honored with the title of Most Emerging Brand of Bangladesh by Bangladesh Brand Forum
- Best Payment Solution Award, November 2023 – Best Payment Solution Provider for E-Commerce at the E-commerce Movers Award 2023, organized by the E-Commerce Association of Bangladesh
- Digital Business Award by Mastercard, November 2023 – For Nagad’s contribution to streamlining credit card bill payment
- Visa Payments Excellence Award, October 2023 – In the category of "Excellence in CyberSource – Payouts" for Nagad’s "Credit Card Bill Payment" and "Transfer Money to Visa Debit Card" products
- Bangladesh Startup Summit Award, July 2023 – ‘Fastest to Unicorn’ Award for being the fastest-ever Bangladeshi company with a value of over USD 1 billion.
- WASA Bill Collection Award, March 2023 – Top position in Bill Collection in the fiscal year of 2021-22
- Bangladesh Innovation Award, February 2023 – Nagad Islamic has been awarded the title of Best Innovation in other financial institutions
- Commward by Bangladesh Brand Forum, August 2022
o Silver in the PR category
o Bronze in Copywriting category
o Bronze in the Music/Jingle category
o Bronze in the Film Craft category
o Bronze in the Art Direction category
- Most Innovative Digital Financial Service Brand, April 2022 – Nagad has been named this by the UK-based Global Brands Magazine
- Digital Marketing Award, December 2021 – Bronze in the 'App Marketing' category for the "T20 Quiz" campaign
- Bangladesh Fintech Award, November 2021 – Fintech Impact Award for streamlining financial inclusion through innovations in account opening
- Mastercard Excellence Award 2021, November 2021 – For excellence in Mastercard Business (Merchant)- Online 2020-21 category
- Commward by Bangladesh Brand Forum, August 2021
o Bronze in the 'Efficacy' category for the "Shob Hobe Nagad-e" Campaign
o Silver in the 'Integrated Marketing Communication' category for the "Shob Hobe Nagad-e" Campaign
- Global Economics Awards 2021, March 2021
o Most Innovative Digital Finance Services and Best New Mobile App in Digital Finance
o Mentioned as “The World’s Fastest-Growing MFS
- Business Tabloid Awards, December 2020 – Best Digital Financial Services-Bangladesh 2020
- WITSA Award, November 2020 – Digital Opportunity and Inclusion for Nagad’s Role in Promoting Financial Inclusion
- InclusiveFintech50, October 2020 – The Best Fintech Startup for 2020
