Nagad is a Digital Bangladesh success story: Mustafa Jabbar
Digital Bangladesh has been a resounding success and Nagad, a mobile financial service of Bangladesh Postal Department, is a prime example of that success, Posts and Telecommunications Minister Mustafa Jabbar said on Monday.
“Bangladesh is an agriculture-dependent country, but many are now envious of its rapid technological development. One of the major positive outcomes of digitalisation is that we have almost moved towards a cashless society,” the minister told journalists at a programme marking Digital Bangladesh Day-2022 in Daak Bhaban.
“We can now make all kinds of financial transactions, including cash-out and cash-in and shopping, through mobile financial services,” Jabbar said, adding that Nagad is playing a big role in this regard.
Starting off in 2019, Nagad has now become one of the most popular MFS in the country. This growth can be attributed to the fact that it’s easy to use and it offers a lot of features that people find beneficial, he noted.
Bangladesh Posts and Telecommunications Division organised a “Digital Postal Service Exhibition” to celebrate Digital Bangladesh Day on Tuesday. It also held a meeting with Posts and Telecommunications Secretary Md Khalilur Rahman in the chair. The aim of the exhibition is to raise awareness about how postal services have gone digital in recent years and how people can take advantage of this.
Keynote speaker Prof Dr Mohammad Mahfuzul Islam, vice-chancellor of Bangabandhu Sheikh Mujibur Rahman Digital University, spoke about digitalisation in Bangladesh, saying that the country’s financial sector has seen the most change. Mobile financial service providers have been particularly responsible for this revolution, he said, naming Nagad as an example.
Posts and Telecommunications Secretary Md Khalilur Rahman spoke about his experience with Digital Bangladesh and urged everyone to adapt to the progress.
Dr Md Rafiqul Matin, managing Director of Bangladesh Telecommunications Company Ltd, Brigadier General Md Nasim Parvej, director general of Bangladesh Telecommunications Regulatory Commission, and Shyam Sunder Sikder, chairman of the Bangladesh Telecommunications Regulatory Commission, also spoke on the occasion.
Md Harunur Rashid, director general of the Postal Department, gave the welcome address.
The Postal Department’s exhibition had eight stalls, each showcasing different digital services. Visitors could learn about electronic money transfer, postal cash card, online postal life insurance, digital land services, and Nagad’s mobile financial service.
Mustafa Jabbar and other guests visited the exhibition and stopped at Nagad’s stall to learn about cash-out, cash-in, and other services. They were also shown how to buy products using the Nagad wallet.
Nagad officials gave the guests an idea of how much money is being saved every year as a result of the distribution of various government allowances through Nagad. Guest were impressed by the amount of money that is being saved and Nagad’s role in making it happen.
