‘Mastercard’ credit card bills can be paid through ‘Nagad’
DHAKA, July 5, 2022 (BSS) - Bangladesh Postal Department’s mobile
financial service “Nagad”, Southeast Bank Limited and Mastercard
introduced a new feature on Nagad app that enables users to instantly
pay any Mastercard credit card bills, issued in Bangladesh, through
the Nagad app.
The announcement was made recently during a ceremony held at
Bangladesh Secretariat in the capital while Mustafa Jabbar, minister of
Posts and Telecommunications Division graced the event as the chief
Md. Khalilur Rahman, secretory of Ministry of Posts and
Telecommunications, was present as special guest.
The event was also attended by Founder and managing Director of
Nagad Limited Tanvir A Mishuk, its Executive Director Md. Shafayet
Alam, Chief Operating Officer of South Asia of Mastercard Vikas
Varma, Country Manager of Mastercard Bangladesh Syed Mohammad
Kamal, Managing Director of Southeast Bank Kamal Hossain and other
high officials from the organizations.
By integrating the Nagad app into Mastercard's MoneySend platform
via Southeast bank, customers will be able to pay bills for any
Bangladeshi bank-issued Mastercard credit card using the Nagad app,
said a press release.
This launch will further ease interoperability between cards and mobile
wallets in the country.
The service will also enable Nagad users and Mastercard cardholders to
save their card information in the Nagad App and pay any amount of bill
using their saved cards by tapping the Bill Pay icon on the Nagad App.
Customers will no longer require to provide their card information every
time they make a bill payment. This service is available to any
Bangladeshi bank's Mastercard credit cardholders for domestic payments
only. This facility will potentially eliminate excessive rush at bill deposit
counters and save consumers’ valuable time.
Speaking as the chief guest, Mustafa Jabbar said, "Technology has now
made life easier for everyone. From now on, Mastercard credit
cardholders will be able to pay their bills in collaboration with Southeast
Bank through Nagad. It will save people's time and money; making their
lives easier. I congratulate the concerned involved for taking such an
Tanvir A Mishuk said, "Nagad has been working relentlessly to bring
more people to the digital platform and make the transactions simpler.
Our partnership with Mastercard and Southeast Bank Limited is yet
another significant achievement for us to enable our valued customers to
pay their Mastercard credit card bills at their own convenience, from
Syed Mohammad Kamal said, “Mastercard is proud to collaborate with
one of the leading digital financial service providers, Nagad, to launch the
credit card bill payments service for the first time for Mastercard
cardholders in Bangladesh. This collaboration with Nagad and Southeast
Bank is another milestone in our partnership with the mobile financial
services (MFS) sector.”
Kamal Hossain said, "SEBL aims to contribute significantly to the
growth of the national economy. We’re here to accelerate our drive to
migrate our nation into a developing nation by 2026. Furthermore, this
collaboration will take financial inclusion a step forward in ensuring that
everyone has access to financial services.”