Nagad signs agreement with iSocial

The digital financial platform of the country “Nagad” has recently signed a channel partnership agreement with iSocial at the iSocial head office at Banani in Dhaka. 

Based on this agreement, “Kallyani” or young women entrepreneurs working in iSocial will work as “Nagad Uddokta” or agents. These women entrepreneurs will be working on customer registrations and educating customers regarding “Nagad” services. At present 500 more Kallyani is working within the iSocial network. 

The agreement was signed by Chief Sales Officer of “Nagad” Mohammad Irfanul Huq and Chief Executive Officer of iSocial Dr. Ananya Raihan. Md. Shihab Uddin Chowdhury, Head of Business Sales, Nagad; Kazi Monirul Islam, Senior Manager, Business Sales, Nagad; Masudur Rahman, Director, iSocial and Md. Farhan Shahriar, Head of Operation, iSocial were also present along with other officials.

Chief Sales Officer of Nagad Mohammad Irfanul Huq stated, “Nagad” is committed to assist the government of Bangladesh to achieve the targets of SDG. Nationwide financial inclusion is already the core mandate of “Nagad” and through this partnership with iSocial, we envision women to take the lead in it, fulfilling the mandate of gender equity.”

iSocial is a business network aiming to provide technology enabled last mile offerings of goods and financial services for women, children and adolescent girls in Bangladesh. 

Through partnership and support from the ICT Division of Bangladesh Government, the organization plans to expand first to 16 districts deploying 1,000 Kallyani’s and then gradually throughout the whole nation deploying 10,000 Kallyani’s by the end of 2021.