Nagad, the state owned mobile financial service, on Sunday has shared Tk 1,12,15,576 to the postal department as part of it's earnings.
A check was handed over to Posts and Telecommunications Minister Mustafa Jabbar in a function at the newly constructed Postal Building of the postal department by Tanvir Ahmed Mishuk, managing director of the venture.
Nagad was given the amount to the postal department as part of the services revenue, which is counted as the postal department’s net income, for the just ended 2019-20 financial year.
Although the postal department never received net income from any of its other services, they got this extra income just a year and a half after the journey of Nagad.
It is a unique example for the postal department to get a share of the income without any investment and that is only possible for the public private partnership.
Such revenue of the postal department through Nagad will further expand the door of digital financial services in the country for the coming days.
Md. Nur-Ur-Rahman, secretary of the department of Posts and Telecommunications and Sudhangshu Shekhar Bhadra, director general of the Directorate of Posts were present at the occasion along with senior officials of Nagad.
Even in the ongoing Covid crisis, Nagad has expanded its service network by increasing the quality of the services and kept the wheel of avenue which also helps to get the postal department to earn from any of their service in the two-hundred-year history of the postal service in the region for the first time.
Posts and Telecommunications Minister Mustafa Jabbar said, “This is a historic moment. I never thought that the postal department can bring such an achievement. And I am observing that the advancement of the postal department started with Nagad. I also believe that the postal department will turn around in the future with this path of Nagad.”
After the success of MFS service Nagad is now dreaming to convert it as a digital bank. If that happens, it will be possible to easily bring all the people of the country into digital financial services.
Tanvir Ahmed Mishuk, Managing Director of Nagad, said, “From the very beginning, we have designed our service structure with the utmost importance on citizens' needs. That is why Nagad has been able to come up with the latest services at the lowest cost. As a result, the Asian-Pacific Postal Union recognised Nagad as the world's fastest growing digital financial service within a year of its launch.”
