Product type | Digital Financial Service |
---|---|
Country | Bangladesh |
Introduced | 26 March 2019 |
Tagline | Digital Financial Service of Postal Department[1][2] |
Website | nagad |
Nagad (Bengali: নগদ) is a Bangladeshi Digital Large Financial Service (DFS),[2] operating under the authority of Bangladesh Post Office,[1] an attached department of the Ministry of Post and Telecommunication.[3]
It is the new version of the previously introduced Postal Cash Card and Electronic Money Transfer System (EMTS) of the Bangladesh Post Office.[4] Its headquarter is located at 36 Kemal Ataturk Avenue, Banani, Dhaka — 1213, Bangladesh.[5] Second unicorn of the country, Nagad has been awarded as the fastest company in Bangladesh to reach the milestone of becoming a unicorn startup.[6] It is also first digital bank in the country.[7]