Postal Division starts process of digital financial service 'Nagad'

The process of inclusion of all the 9,886 post office branches across the country has started to provide digital financial service, 'Nagad', to the people.

Bangladesh Postal Division initiated the inclusion process primarily with the district level branches, said a statement. The union and village level branches will also be included in the process soon.

Each of the branches of the postal division will be equipped to provide the service. The installation of branding and technological infrastructure has been initiated for this purpose.

Expressing his satisfaction with the new-found enthusiasm within the postal division, Director General of the Bangladesh Postal Division Sushanta Kumar Mandal said, "Our family of 40,000 employees are truly very excited with the digital financial service Nagad and are working spontaneously to make this initiative a success."

The century-old Bangladesh Postal Division has been providing financial services for decades to the people right at their doorsteps. With the deliberation of working with technological advancement, the Postal Division introduced Postal Cash Card and Electronic Money Transfer System in 2010.

"We have already received a huge response from the district level post offices. A list of 2,000 personnel has already been made for detailed workshops on digital financial service and anti-money laundering," Nagad's Head of Corporate Affairs Md. Solaiman said.