STAR BUSINESS DESK

Nagad Limited has disbursed Tk 13.82 crore to the Bangladesh Post Office as part of a revenue-sharing agreement, representing the postal authority’s share of earnings between January 2024 and June 2025.

Afzal Ahmed, chief financial officer of Nagad Limited, handed over the cheque to Kazi Asadul Islam, director general of the Department of Posts, at Dak Bhaban in Dhaka yesterday, according to a press release.

Under the agreement, Nagad bears all operational and technological investment costs, while the Department of Posts receives 51 percent of the revenue without making any financial contribution. Nagad retains the remaining 49 percent.

Since its launch in 2019, Nagad has shared Tk 14.61 crore with the Post Office at different times.

Islam said the platform has boosted competition in the sector and encouraged cashless transactions, contributing to the growth of the financial services industry.

He added that the Post Office currently receives around Tk 13-14 crore annually, which could rise significantly in the future.

Md Motasem Billah, administrator of Nagad, said the platform has promoted financial inclusion and continues to support government programmes and digital transactions across the country.

Among others, SM Haroonur Rashid, additional director general of the Department of Posts; Md Nahim Uddin, associate administrator; and Md Samsul Islam, chief corporate affairs officer of the MFS provider, along with senior officials from both organisations, were also present.