Asia Pacific Postal Union (APPU), a regional body of thepostal departments of 32 member countries, today in an event highly appreciatedthe Bangladesh Postal Department’s financial initiative ‘Nagad’ and termed it asthe fastest growing Digital Financial Service (DFS) across the world.From the event some of the member countries like – Australia, Singapore,Malaysia, India, Pakistan, Vietnam, Japan, Iran and Solomon Island also showedtheir interest to replicate the same service in the respective countries.The APPU’s Postal Financial Service working group has organized a remotemeeting using a virtual platform where representatives from 32 member countrieshave participated and the appreciation for ‘Nagad’ came from that meeting.
Officials of the postal department of the member countries overwhelminglyexpressed their appreciation on how ‘Nagad’, the Digital Financial Service ofBangladesh Post Office has become the second largest digital financial service ofthe country only within one and half year of its launch.
They also appreciated the private public partnership model and also Nagad’sgrowth trend.Participants said no doubt that ‘Nagad’ becomes the role model for the APPUmember country’s postal department and other countries, also can be replicated torejuvenate their postal services.Sudhangshu Shekhar Bhadra, Director General of the Postal Directorate ofBangladesh Post Office is the Chairman of the working group and moderated thesession. Executive Director of Nagad Md Shafayet Alam also attended the virtualevent.Lin Hongliang, Secretary General of APPU, was also present at the event andpraised Nagad’s growth trend.About this appreciation in an international platform Sudhangshu Shekhar Bhadrasaid, “Nagad really became a surprise for the member countries of the APPU andthey were very curious to know the model and I am quite sure that some of themwill derive to copy the service model for their survival.”“Nagad now became our pride not only in Bangladesh and in the internationalarena and I am quite sure that those days will come when people will useBangladesh and Nagad’s name as the example of the digital financial service,”Bhadra also said.
Press Release Managing Director of Nagad, Tanvir Ahmad Mishuk said “This type ofappreciation will definitely encourage us to extend our service quality further andour target is to serve as many possible citizens of the country and include them inthe regulator financial model.”“At Nagad we feel deeply touched to have uplifted the flag of our belovedBangladesh in the international arena and showed them that Bangladesh’s is noless competent in any way,” Mishuk also added.Currently there are 15 financial institutions that are offering digital financialservice and of which ‘Nagad’ has achieved the second position only less than of its15 months journey. ‘Nagad’ has now also become the government’s first choice todisburse the government support to the citizens of the country.