Shafayat takes over as CEO of Nagad

Md Shafayet Alam has taken over as the Chief Executive Officer (CEO) of Nagad Ltd., one of the country's leading mobile financial service providers.

Upon taking charge on Monday, Mr Alam pledged to further expand Nagad's services in keeping with customers' changing needs, says a statement.

With nearly three decades of experience, Mr Alam has worked in key positions at several renowned international and top-tier local organisations. His expertise spans multiple sectors, including electrical and electronics, telecommunications, information technology, and digital financial services.

Mr Alam has been associated with Nagad since before its commercial launch in 2019. Over the past seven years, he has led several crucial top-level positions within this organisation. Now, as the CEO, he has expressed his commitment to elevate the mobile money company to new heights.

Upon assuming his new role as the CEO of Nagad, Mr Alam said, "Nagad has established itself as a remarkable brand in the MFS market by strictly adhering to all rules and regulations of the Bangladesh Bank. In the days ahead, we will make every effort to further accelerate customer service with theiradvice. We are looking forward to strengthening the country's push for a cashless society under the directives of Bangladesh Bank."

A postgraduate in Business Administration from a reputed university, Md. Shafayet Alam has received international recognition for his exemplary leadership in Bangladesh's economic sector.

In 2022, the UK-based economy journal, Business Tabloid, honoured him as a "Visionary Leader in Digital Finance" for exhibiting strategic, sustainable, and visionary initiatives in his field of work.