STAR BUSINESS DESK

Mobile financial services (MFS) provider Nagad Limited has launched the “Bangla QR” payment service for its users.

At the same time, the MFS provider, the digital financial arm of the Postal Department, has also introduced an instant “Transfer Money” feature, enabling seamless fund transfers between personal accounts across all banks and other MFS operators.

With this integration, Nagad joins a nationwide network of nearly 10 lakh merchants under the Bangla QR umbrella, according to a press release.

Aimed at making cashless transactions simpler, safer and more accessible, the MFS provider yesterday integrated Bangla QR with the National Payment Switch Bangladesh (NPSB) network. The move ensures greater transactional freedom for its millions of customers.

To mark the launch of Bangla QR, Nagad organised a mega event at the Banani Chairmanbari Playground in Dhaka, where Md Motasem Billah, administrator of Nagad, inaugurated the service.

Commenting on the launch, Billah said Bangla QR is a revolutionary milestone in making cashless transactions easier, safer and more cost-effective for both consumers and businesses.

“Moving forward, Nagad customers can make cashless payments in the blink of an eye by scanning a single, unified QR code at any shop, seamlessly bringing small traders into the digital payment network.”

“This single QR-based architecture will play a pivotal role in driving financial inclusion and realising the vision of a ‘Cashless Bangladesh’,” he said.