Nagad

Nagad

Job Category: Bank/Non-Bank Fin. Institution

No. of Vacancy: 02

Job Location: Anywhere in the country

Employment Type: Full Time

Salary: Negotiable

Gender: Any

Career Level: Entry Level

Posted On: 10 Jul 2023

Application Deadline: 20 Jul 2023

Nagad is a digital financial service platform in Bangladesh that allows users to perform a wide range of transactions using their mobile phones. It was launched in 2018 by the Bangladesh Post Office as part of the government's vision to promote financial inclusion and enable easy access to digital financial services for the unbanked population.

Nagad offers a variety of services, including sending and receiving money, mobile recharge, utility bill payment, online shopping, and more. Users can easily transfer money to anyone in Bangladesh, even if the recipient does not have a Nagad account. This has facilitated faster and more convenient transactions for individuals, including those residing in rural and remote areas.

One of the key features of Nagad is its focus on providing financial services to the unbanked and underbanked population. This is particularly beneficial as it helps to bridge the digital divide and bring financial services to individuals who may not have access to traditional banking channels. Through Nagad, people can open an account and perform various financial transactions without the need for a physical bank branch. This has not only made financial services more accessible but has also increased financial literacy and inclusion across the country.

Nagad has also been instrumental in driving the adoption of digital payments in Bangladesh. It has contributed to reducing dependency on cash transactions and promoting a cashless economy. With the increasing use of Nagad, individuals and businesses can now conveniently make payments for goods and services, reducing the risks associated with carrying physical cash.

Furthermore, Nagad has collaborated with various merchants and e-commerce platforms, enabling users to make online purchases and enjoy seamless transactions. This has played a significant role in the growth of e-commerce in Bangladesh as it provides a secure and convenient payment option for online shoppers.

To ensure the safety and security of transactions, Nagad has implemented robust security measures, such as multi-factor authentication and encryption protocols. Users can have peace of mind knowing that their transactions and personal information are safeguarded.

In conclusion, Nagad has emerged as a transformative force in the digital financial services landscape of Bangladesh. With its range of services, focus on financial inclusion, and commitment to security, Nagad has empowered individuals and businesses to embrace digital transactions and contribute to the country's economic growth.