E-wallet Nagad reaches 80 million account registers

This was in line with their journey of boosting the region’s SDGs.

Bangladesh-headquartered Nagad said it averaged $111m daily transactions and registered 80 million customers.

In a press statement, the mobile money carrier said this aligned with their journey to boosting the region’s sustainable development goals (SDGs).

Nagad also said it aims to support the underserved and the underbanked through its digital financial inclusion services.

Additionally, Nagad has digitised government-to-person (G2P) payments, including social safety allowances and education stipends, ensuring faster, more efficient, and transparent disbursements.

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This approach helps alleviate poverty, achieve food security, and has resulted in over $1.85b being distributed to beneficiaries.

Nagad has simplified the account opening process, eliminating the need for paperwork. 

Individuals can now open accounts through e-KYC on smartphones or dialling *167# on feature phones, reducing paper usage and benefiting the environment.