Mobile financial service (MFS) provider Nagad and Islami Bank Bangladesh have teamed up to help customers make seamless financial transactions – from add-money to DPS instalments to remittance transfers – through their Nagad wallets.
Also, customers will be able to avail of Nagad and Nagad Islamic services using Islami Bank’s CellFin app.
The MFS provider and Islami Bank recently struck a partnership agreement at a city hotel. Posts and Telecommunications Minister Mustafa Jabbar, Managing Director and CEO of Islami Bank Muhammad Munirul Maula, Founder and Managing Director of Nagad Tanvir A Mishuk were present at the ceremony.
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From now on, users can add money to their Nagad and Nagad Islamic wallets instantly from their Islami Bank accounts without any charge. Also, they can pay DPS instalments to Islami Bank as well as transfer remittances to Nagad accounts.
Jabbar said: “Today we are happy that an institution like Nagad has partnered with Islami Bank. Nagad’s collaboration with Islami Bank has also set a good example to others.”
Munirul Maula said: “Nagad has onboarded 6.5 crore customers only in three and a half years. It has introduced Islamic services, which is the need of the hour.”
Tanvir Mishuk said: “I thank Islami Bank for beginning a journey with Nagad. Banks cannot take services to people’s doorsteps, but platforms like Nagad can do that. We want to give smart cards to our 6.5 crore customers next year.”
Customers will get a Tk30 mobile recharge if they make an add-money transaction of Tk3,550 to their Nagad and Nagad Islamic wallets from Islami Bank accounts. A customer will be able to enjoy this offer once. The offer will remain valid till November 30.
Nagad has been expanding the scope of its “Bank to Nagad” add-money service to provide consumers with “faster and improved services.” Internet banking users can instantly transfer money to their Nagad accounts without any charge.
Nagad customers now can avail of the add-money service from more than 30 banks.
Source: United News of Bangladesh