Nagad wins best digital financial service award

Nagad—the digital financial service of Bangladesh Postal Department—has won the Best Digital Financial Service 2020 award given by Business Tabloid, an international business magazine.

Every year, the magazine, headquartered in London, recognizes companies on the international level, purely based on merits and expertise the company holds in its respective industry.

The awards are free to enter and open to all companies in the globe, regardless of location, size, and ownership. Nominations are evaluated based on various criteria such as innovations, accomplishments, and contributions.

“We are delighted to achieve this award. We consider it as a recognition for our massive initiative aimed at technology adoption to achieve financial inclusion in the country,” said Nagad Managing Director Tanvir A Mishuk in a statement on Sunday.

In October this year, Nagad was selected as the best fintech startup for 2020 by Inclusive Fintech 50, a well-reputed group of global organizations founded by the MetLife Foundation and Visa.

In November, it won the Digital Opportunity and Financial Inclusion Award from the World Information Technology and Services Alliance.

Launched in March 2019, the mobile financial service operator boasted of 2.5 crore active subscribers, accounting for 30 percent of total MFS users in Bangladesh.