Nagad Pay
Information by Research TrustFinance
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.
India
Industry
- Electronic PaymentPRIMARY
- Other Service
Financial