The Bangladesh Bank has asked banks not to open any trust-cum settlement account (TCSAs) under the name of Nagad Ltd. The central bank issued a letter to banks on September 2 asking them not to open such accounts in the name of Nagad Ltd without its prior approval and the Bangladesh Post Office (BPO). Nagad is the brand name of the BPO’s mobile financial service
mobile financial service
Nagad offers up to 30pc bonus in SWAP deals
Bangladesh Post Office mobile financial arm Nagad and re-commerce firm SWAP launched a campaign titled ‘Choice is Yours’ where Nagad users can avail 10 to 30 per cent bonus in any deal. Under the offer in SWAP, ‘Nagad Deal E Beshi Labh’, Nagad users can buy and sell used products like cell phone, laptop, motorbike, furniture, car and other items with the bonus
Transactions cross Tk 420cr
The value of the total number of daily transactions through mobile financial services (MFS) has crossed Tk 420 crore in May for the first time since the launch of the service in 2011. “After negative growth in April this good news. MFS is gaining popularity as people can send and receive money when they need it,” said Bangladesh Bank Executive Director Mahfuzur Rahman.
Mobile Financial Service
BB asks banks to follow bank-led model
Bangladesh Bank has asked scheduled banks to follow the bank-led model of mobile financial service to avoid confusion over who is the principal provider of the service, said BB officials.
A central bank official told New Age on Thursday that the BB on Monday issued letters to the managing directors and chief executive officers of all banks, asking them not to sign
BRAC Bank to touch millions through mobile financial service
BRAC Bank steps into 11th year
BRAC Bank to touch millions through mobile financial service
BRAC Bank, one of the leading private banks of the country, at a press conference disclosed that millions of banked and unbanked people of the country will get access to banking services through mobile phones from subsidiary of BRAC Bank, which will be open to users in a few days. BRAC Bank authority made the disclosure at a press conference organised on the occasion of its 10th anniversary in the