Business

Nagad wins Mastercard Excellence Award


By BSS
Published : 24 Nov 2021 10:29 PM

Nagad, the world's fastest-growing Mobile  Financial Service, has achieved 'Mastercard Excellence Award-2021' for its contribution towards achieving financial inclusion in Bangladesh. 

Nagad's efforts in the Merchant category in MFS sector brought the honor.  Recently the 'Mastercard Excellence Award-2021 Next and Beyond' ceremony was  held in the capital, where the organization announced the name of the award recipients.  In the event, Planning Minister MA Mannan was present as the chief guest  while Md Khurshid Alam, Executive Director of Bangladesh Bank, was the  special guest. Helen LaFave, charge d' affairs of the US Embassy, Dhaka  attended as a guest of honor, said a press release. Since its inception, Nagad, the mobile financial arm of the Bangladesh Post  Office, has gained popularity for its easy and affordable services in this  country. 

Nagad has already acquired many national and international awards such as;  The Best Innovative Digital Finance Service Award 2021 for its initiatives on  financial inclusion through an extraordinary mobile application e-KYC, the 

first of its kind in Bangladesh.

Besides, it also received the Inclusive Fintech 50 Award for being an  elevator of top start-ups innovating FinTech and driving financial inclusion  globally, The Best Digital Financial Service Provider Award, WITSA Global ICT 

Excellence Award, Digital Bangladesh Award, The Financial Technology Man of  the Year Award, The E-Commerce Mover Award, Commward 2021 and many more. 

The Excellence award by Mastercard was introduced in 2019, since then the  payment technology company has been offering this award to different banks,  FinTech, other financial institutions and bodies for their contribution to 

financial inclusion in Bangladesh.

While talking about the award, Nagad's Co-founder and Managing Director  Tanvir A Mishuk said, "Any kind of recognition gives pleasure. From the very  beginning, we're trying to give the mass people a hassle-free and affordable 

service. I hope Nagad will continue its efforts to keep the pace of its  excellence."