Business Tabloid, an international business magazine, has awarded Nagad, the digital financial service of Bangladesh Postal Department, as the Best Digital Financial Services of 2020.
Every year, Business Tabloid, 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 are open to all companies in the globe, regardless of location, size, and ownership. The entries are evaluated by a committee of the publisher, research team, and editorial team of the magazine.
Nominations are evaluated based on various criteria such as innovations, accomplishments, and contributions.
About the recognition, Tanvir A Mishuk, Managing Director of Nagad, said, “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. It is also our pride that business magazine like Business Tabloid studied us and has put Nagad on the winning list.
Since the launch of the service, we have been working on financial inclusion with utmost importance, and this is a recognition to our relentless efforts. The technology that Nagad is using to include millions of unbanked people financially is undoubtedly the best in the country and the most modern in the world.
In recent times, a lot of international organizations also testified to our technological innovation in payments and transactions. I believe this international recognition will motivate Nagad to work harder for the people of the country. This will also push forward the country to establish a cashless society.”
In October this year, Nagad, the fastest growing digital financial service in the country, 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, Nagad won the Digital Opportunity and Financial Inclusion Award from the World Information Technology and Services Alliance (WITSA).