Nagad a mobile phone-based digital financial service of the Bangladesh Postal Department under the Ministry of Posts, Telecommunications and Information Technology, a money transfer service. Thread Wave Technology Limited operates it.
This is the new version of the Postal Cash Card, and Electronic Money Transfer System (EMTs) introduced earlier by Bangladesh Postal Department.
By opening a cash account, a customer can pay various bills, including depositing,
withdrawing, and transferring money on his mobile from anywhere in the country. Cash is headquartered on Kamal Ataturk Avenue in the Banani area of Dhaka.
History
Ownership of cash is divided into the postal department and 51-49 shares of the money.
Fraudsters snatched the cash stipend by calling in April 2021 to find out the code.
In October 2021, the post office refused to take the cash loan.
Structure
This financial service is regulated under section 3 of the Bangladesh Postal Act Amendment 2010, particularly a separate law enacted by the Bangladesh Postal Department by the Government of Bangladesh.
This digital financial service was launched on October 11, 2017, by Bangladesh Postal Department.
It started its activities on March 26, 2019, celebrating the 49th Independence Day of Bangladesh.
Cash services
Customers can avail of its services by dialing * 16 # and using the cash app.
Any cash account holder can benefit from its services from any other cash account agent point from any place subject to having sufficient money in their account.
Customers can launch their version using the Cash app.
