STAR BUSINESS DESK

Nagad has been honoured by the National Board of Revenue (NBR) with the “Highest VAT Payer Award” at the national level in the service category for the second consecutive year for the fiscal year 2021-22.

Mohammad Aminul Haque, executive director of the mobile financial service (MFS) provider, received a certificate and a crest from Abu Hena Md Rahmatul Muneem, chairman of the NBR, at a programme in the NBR building in Dhaka on Sunday, read a press release.

“This accomplishment reflects Nagad’s unwavering commitment to transparent financial practices and our dedication to playing a crucial role in the country’s economic development,” said Haque.

“The more customers use digital services, the easier their lives will be, with benefits of Digital Bangladesh reaching every home. The government’s revenue generation will get a boost too.”

The MFS provider is now actively working towards launching the country’s first digital bank, aiming to elevate cashless transactions to the next level, he added.

Currently, Nagad has a base of over 8.5 crore customers. It has revolutionised the disbursements of social safety net allowances, education stipends, and even distributed cash aid to underprivileged families during the Covid-19 pandemic.