Nagad Surpasses 95 Million Users, Adding 20,000 New Customers Daily

Nagad, the mobile financial service under the Bangladesh Postal Department, continues to set benchmarks in the digital payment sector. As of Wednesday, November 27, the platform has reached a staggering milestone of 95.1 million registered users, adding approximately 20,000 new customers every day.

On Thursday, Nagad's Chief Marketing Officer, Sadat Adnan Ahmed, shared this achievement, stating, "Nagad has gained the trust of users through its innovative financial services and customer-friendly charges. In just five years, Nagad has emerged as the second-largest operator in the market, breaking the monopoly. By complying with regulations from the Bangladesh Bank and BFIU, more than 20,000 new accounts are being created daily. This user trust, combined with state-of-the-art technology and an easy-to-use app, has made Nagad a household name for over 95 million users."

Deputy Managing Director of Nagad, Sihab Uddin Chowdhury, highlighted the platform's significant role in driving digital transformation in the economy. He remarked, "Nagad has been working towards the digitization of the economy since its inception. Today, customers transact an average of 10 billion BDT daily through Nagad, a major contribution to Bangladesh's economy. We are proud to include marginalized communities in this financial ecosystem."

Nagad offers a wide range of digital financial services beyond regular transactions and payments, addressing nearly all daily financial needs. Its advanced app has further simplified access to these services, driving a significant increase in app-based customer registrations.

The remarkable growth of Nagad underscores its pivotal role in fostering financial inclusion and economic digitization in Bangladesh.