Nagad joins force to drive cashless transaction in e-commerce

Online shopping or e-commerce offers the utmost convenience to the consumers. Around 95% payments for online orders in the market of e-commerce in Bangladesh are made as cash-on-delivery (COD) basis. 

Through this practice, consumers after ordering online receive the product in hand, physically check the product and then decide to make payment by cash. 

Since the global outbreak of COVID-19 pandemic, online ordering has become the most sought-after medium of shopping, even for the daily necessities. Everyone is deeply concerned about staying safe from the Corona virus – for themselves, more importantly for their family members. Buying behavior has shifted from random to necessities, shop-hopping to online shopping. 

With a deep observation on such consumer behaviors and trends, Paperfly, country’s largest and technologically most advanced home delivery network, in partnership with Mastercard and Eastern Bank Limited has launched “Cashless Pay” - the contactless payment-on-delivery mechanism earlier last month, which can be availed during the actual delivery. This service is now available at any doorstep across Bangladesh. 

Recently Nagad, a Digital Financial Service of the Postal Department, came on board with Cashless Pay, and from now on e-commerce customers can use their Nagad Account to settle their payment after receiving the products during the actual delivery.

So users of Nagad, the fastest growing digital financial service provider of the country, can get their ordered online shopping deliveries in a much easier and safer way.

With this 'Cashless Pay' service, customers will be able to get the products at their doorstep with online order and pay digitally instead of cash on delivery (COD) at the time of receiving the products. 

Tanvir Ahmed Mishuk, Managing Director of Nagad said, “Aiming to digitize the citizens’ life Nagad is always trying to play an important role in making all the daily activities of people convenient and more dynamic. The partnership is also a reflection of achieving that goal, which I believe will give a new impetus to online shopping in the country.”