Nagad and Huawei Technologies have partnered to enhance the digital transaction experience in Bangladesh.
An agreement was signed in the presence of Prime Minister Sheikh Hasina at the Shangri-La Hotel in Beijing on Tuesday, aiming to provide world-class smart transaction services through Nagad.
With this partnership, Nagad Digital Bank and Nagad’s existing mobile financial services will be integrated with cutting-edge global technologies, enabling customers to enjoy international-standard transaction services anytime, anywhere. The agreement was signed by Tanvir A Mishuk, founder and CEO of Nagad, and Pan Junfeng, president of Huawei South Asia Region and CEO of Huawei Bangladesh.
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The event was attended by key officials, including Finance Minister Abul Hassan Mahmood Ali, Foreign Minister Dr. Hasan Mahmud, PM’s Private Industry and Investment Adviser Salman F Rahman, State Minister for Posts, Telecommunications, and Information Technology Zunaid Ahmed Palak, and Chairman of Nagad Digital Bank Muhammad Farid Khan. Several ministers and senior officials of the Chinese government were also present.
Li Fei, vice-minister of Commerce of the People’s Republic of China, praised Nagad’s significant contribution to Bangladesh’s economic growth and financial inclusion.
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Farid Khan, chairman of Nagad Digital Bank, commented on the partnership, saying, “Nagad MFS has revolutionized Bangladesh’s financial sector over the past five years. Now is the time to elevate it to a global standard. Nagad and Huawei will jointly work to achieve this for Bangladesh. Nagad Digital Bank will play a unique role, significantly contributing to building a smart Bangladesh.”
He added, “To ensure the technological development required for a 100 percent cashless society, we have signed this agreement with the world-renowned company Huawei Technologies. Through this, our MFS and digital bank customers in Bangladesh will enjoy world-class services, making digital transactions more comfortable and affordable.”
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