Mobile Financial Service (MFS) provider Nagad is completing state duty as a service of the Bangladesh Post Office, expressed Mustafa Jabbar, Minister for Posts and Telecommunications. However, the minister added, “It needs to be clarified that Bangladesh Post Office has not and will not incur any losses because of Nagad.” Therefore, Mr. Mustafa requested all not to be misled by any misinformation or rumors regarding Nagad. So, the article explains that Nagad Ensures Customer’s Security.
Proclaiming that a group is trying to tarnish Nagad’s reputation, he stated, “Since 26 March 2019, we have been noticing that a group has always been unhappy with the success and achievement of Nagad. He asked, “When Nagad has increased the quality of MFSs in Bangladesh and charges are at their cheapest in the past decade, whose interests are being hurt?”
“With Nagad, crores of marginalized people of the country were able to join the mainstream economy, low-income people including children, women, elders, widows are receiving government allowances while being at home, digitally.” But, he questioned, “That with 100% transparency. Then who is being harmed here?” The minister said, “Every step taken by Nagad is by all the laws and rules of the country. There is no room for irregularities. So no one should try to muddy the waters to serve their own interests.” However, the minister also urged all to stay with Nagad.”
Mr. Solaiman Shukhon, Director Public Affairs at Nagad explained through a video that if Nagad fails, who will benefit? He said, due to the invention of Nagad, Bangladeshi people saved BDT 1,5K crore in the last two years. Nagad’s clients transact Bdt. 300-600cr in a day. It is clear that Nagad made people’s life easy. Mr. Shukhon showed a list from the Credit Information Bureau of Bangladesh Bank that stated the total outstanding amount of Third Wave Technologies Ltd. is 00. That means that in 2022, Nagad has no loans. Mr. Shukhon proved that the propaganda regarding cash is fake.
Tanvir A. Mishuk, Founder & Managing Director of Nagad said, “For exceptional innovations by Nagad, it has been possible to reduce the cost of doing business and enhance financial inclusion.”
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