Nagad join forces with GP to drive digital financial inclusion

Nagad, the digital financial service of Bangladesh Post Office, has officially started the process to bring the users of Grameenphone Limited under this state-of-the-art innovation. The initiative will enable the 7.6 crore Grameenphone users to efficiently avail the services of Nagad.

An agreement has been signed between Nagad and Grameenphone Limited in this regard recently. Under the deal, Grameenphone customers can become the clients of Nagad by opening an account dialling *167# from their mobile phone and setting the PIN. For the last few months, Grameenphone customers have been availing this innovative service on a trial basis.

  Learn about the COVID-19 pandemic from News Hour  

Nagad launched this technological innovation for the Grameenphone users through a virtual event on Victory Day on Wednesday. Posts and Telecommunications Minister Mustafa Jabbar inaugurated the rollout of this joint initiative between Nagad and Grameenphone, further speeding up the digital financial inclusion process. Moreover, Grameenphone subscribers can become user of Nagad even if they download the app of Nagad and set a four-digit PIN.

Posts and Telecommunications secretary Md. Afzal Hossain, Bangladesh Telecommunication Regulatory Commission (BTRC) Chairman Shyam Sundar Sikder, Director General of the Bangladesh Postal Department Md. Siraz Uddin, Tanvir A Mishuk, Managing Director of Nagad and Yasir Azman, Chief Executive Officer (CEO) of Grameenphone Limited was present in the event.

From the beginning of Nagad’s journey in March 2019, customers have been able to open an account instantly with a selfie and the photo of the NID card through Nagad app under its digital KYC initiative. For cash-in at least Tk 500 within 24 hours of opening the account, the customer can get chance to become a LAKHPOTI. Besides, Grameenphone customers can enjoy some lucrative offers if they recharge their mobiles through Nagad, second-largest digital financial service carrier of Bangladesh.

Commenting on this state-of-the-art technological innovation, Posts and Telecommunications Minister Mustafa Jabbar said “I must thank Nagad and Grameenphone to make such arrangement which will ease the process of the citizens to access the digital service effortlessly. Using this innovation, common people of Bangladesh will not face any obstacle and will be able to avoid the lengthy procedure to be financially included. This initiative will play a significant role in the overall economic development of the country.

Yasir Azman, chief executive officer of Grameenphone Limited, said, “We must work together with our partners to bring the benefits of technology and make digital inclusion possible for the people of Bangladesh. This agreement shows our firm commitment towards Digital Bangladesh & digital financial inclusion through partnership. We are happy to connect our customers to what matters most to them.”

Tanvir A Mishuk, Managing Director of Nagad, said, “As far as we know, there is no other precedence of opening a financial services account so easily like it and at the same time, we know that this is the largest financial inclusion initiative in the world. This revolutionary initiative will help bring the widest network base of the country under financial inclusion. Besides, it will also play a helpful role in achieving the Sustainable Development Goals (SDGs). This will also usher in a new chapter of the digital revolution in Bangladesh, which will help transform Bangladesh into a middle-income country.”

Posts and Telecommunications Minister Mustafa Jabbar inaugurated the partnership that will enhance the financial inclusion of Bangladesh. While Posts and Telecommunications secretary Md. Afzal Hossain, Bangladesh Telecommunication Regulatory Commission Chairman Shyam Sundar Sikder, Director General of the Bangladesh Postal Department Md. Siraz Uddin, Tanvir A Mishuk, Managing Director of Nagad and Yasir Azman, chief executive officer of Grameenphone Limited also attended the event.
Special offer for Gramseenphone users using Nagad

For the existing Grameenphone subscribers who are already registered with Nagad or new customers on the Nagad platform, Grameenphone has come up with some data and bundle offers. If they recharge Tk 26 from Nagad wallet, subscribers will get 300 MB of data and 30 voice minutes for 72 hours. On recharging Tk 31, subscribers will get talk time of 50 minutes for three days. A recharge of Tk 42 will give one GB of data for three days.

Follow News Hour
News Hour Correspondent

This article has been posted by a News Hour Correspondent. For queries, please contact through [email protected]
No Comments
Scroll Up
%d bloggers like this: