About the Organization
Nagad is one of Bangladesh's largest mobile financial service (MFS) providers and one of the country's most prominent fintech success stories. Nagad is a Bangladeshi Mobile Financial Service operating under the authority of the Bangladesh Post Office, an attached department of the Ministry of Posts, Telecommunications and Information Technology, and it started operations on 26 March 2019, celebrating the 48th Independence Day of the country. It was founded by Tanvir A Mishuk and built on the state postal network; Nagad was launched on 26 March 2019 as a joint initiative between the Bangladesh Post Office and Third Wave Technologies Ltd, and it is the second-largest MFS provider in the country.
Its rise has been notably rapid. Nagad initially launched with core services including cash-in, cash-out, money transfers, and mobile recharge, and later added payment services, EMI payments, Shariah MFS, and interest on savings; it became the second company in Bangladesh to reach a $1 billion valuation, and by December 2021 it had 5.80 crore registered accounts. Its founding purpose was to widen access to digital finance; its inception was driven by a mission to break the market monopoly of high-charging MFS providers, aiming to democratise financial services and foster widespread financial inclusion, prioritising customer affordability through highly competitive pricing. The company is headquartered in Banani, Dhaka, and has since moved toward becoming a full digital bank.
Business Operations
Nagad operates a nationwide digital financial-services platform delivered primarily through its mobile app for both customers and partners. The platform offers cash-in, cash-out, money transfers, and mobile recharge, with additional services such as bill payments and an e-commerce payment gateway introduced subsequently. A key strength has been its use of the postal network and digital onboarding; it was designed to make the postal department's money-order service more consumer-friendly by leveraging the extensive infrastructure of around 10,000 post offices across the country, and it pioneered innovations such as an electronic Know Your Customer (e-KYC) system allowing customers to register using their National ID.
The company has become deeply embedded in the country's financial and public-disbursement systems. It is widely used for bill payments, merchant payments, and remittances, and it has played a major role in distributing government social-safety-net allowances. Its competitive pricing strategy has been central to its operations; having entered a market where the leader charged high rates, Nagad positioned itself with some of the lowest cash-out rates nationwide, helping it rapidly build market share to roughly 30% of the MFS industry.
Affiliations With BUP Career Club
Nagad has a confirmed history of engaging with the BUP Career Club's flagship event as a recruiter. At the seventh annual "Career and Education Fest 2022," powered by Trust Bank Limited, Nagad was among the participating companies. Nagad again comes in the 9th edition of Career and Education Fest 2026 as a participating brand, alongside bKash, Marico, Banglalink, IPDC Finance, IDLC Finance, BRAC Bank, Pathao, and Trust Bank, among others. These editions was built around direct recruitment; students could get their CVs reviewed and set up walk-in interviews with some of the country's top companies.
This affiliation is a strong, natural fit. BUP Career Club works to create a bridge between the corporate world and the university, serving as a framework for fresh graduates to get a shot at their desired profession while equipping students with the skills to boost their careers ahead of the competition. As one of Bangladesh's largest and fastest-growing fintech companies, Nagad offers BUP students exposure to careers in fintech, digital financial services, technology, operations, and marketing, while the company taps a strong pool of young, digitally fluent talent.
