Written by Content Desk, Brand Practitioners• May 25, 2023• 10:33 am• PR

PriyoShop and Nagad collaborate to spearhead the transition to a cashless society

PriyoShop, a renowned B2B commerce platform, has collaborate an partnership with Nagad, the second largest mobile financial service (MFS) provider in the country.

This collaboration marks a significant milestone in their respective industries. Together, they aim to improve Bangladesh’s retail ecosystem and spearhead the transition from a cash-driven economy to a cashless society.

Traditionally reliant on cash transactions, the retail industry in Bangladesh is adapting to changing times. The Central Bank’s ambitious target of achieving 75% digital transactions by 2025 sets the stage for a cashless future.

The partnership between PriyoShop and Nagad seeks to facilitate a seamless shift towards digital payments. Leveraging Nagad’s extensive reach and expertise in mobile financial services, the collaboration empowers customers to embrace cashless transactions and enjoy the advantages of a secure and convenient payment ecosystem.

By removing the barriers associated with cash transactions, this partnership unlocks a world of opportunities for entrepreneurs, enabling small and medium-sized businesses to thrive in the digital era. With the convenience and security offered by digital payments, businesses can scale their operations and seize new growth prospects.

PriyoShop and Nagad are dedicated to promoting financial inclusion by ensuring underserved segments of society have access to digital payment solutions. Through their joint efforts to revolutionise the retail landscape, they aim to create a more inclusive and dynamic economy, fostering prosperity for individuals and businesses alike.

The collaboration between PriyoShop and Nagad marks a significant milestone in the journey towards a cashless society, aligned with the Central Bank’s ambitious goals. Together, they are poised to transform the retail sector in Bangladesh, embracing the possibilities of a digital future and paving the way for a thriving cashless economy.

Share this on