Company Information

Get to know Nagad Pay

Launched on March 26, 2019, Nagad is a prominent Mobile Financial Service (MFS) in Bangladesh. It was introduced by the Bangladesh Post Office to accelerate financial inclusion for the country's unbanked and underbanked population. The platform offers a wide range of services, including cash-in/cash-out, peer-to-peer money transfers, mobile recharges, bill payments, and merchant payments. Nagad gained rapid popularity due to its easy account opening process (using e-KYC) and competitive service charges, becoming one of the fastest-growing MFS operators in the world and achieving "unicorn" status in 2023.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Nagad Pay

India

Founded in

2022 (4 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

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DFSA

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.