DHAKA, Nov 22, 2022 (BSS) - Padakhep Manabik Unnayan Kendra, a non-government
organisation, has partnered with Nagad, a mobile financial service of
Bangladesh Postal Department, to facilitate payments of loan instalments and
savings for its customers.

To this end, an agreement was signed recently between the two organisations
at Nagad's head office in the city's Banani area.

Customers of Padakhep Manabik Unnayan Kendra's all branches across the
country can pay microcredit installments and deposit savings weekly or
monthly via the Nagad app or USSD *167# or Nagad Uddokta from anywhere and at
any time, said a press release here today.

On behalf of Nagad, Sheikh Aminur Rahman, chief business officer, Mohammad
Mahbub Sobhan, head of the payment division, Tanvir Chowdhury, head of the
MFI and Government Sales Operation Department, and key account manager Hasna
Mohsin were present at the contract signing ceremony.

On the other hand, executive director Md Saleh bin Sums, Director
(Microfinance, Program and Enterprise) Muhammad Risalat Siddique, deputy
director Abul Kalam Azad, senior assistant director Shafiqul Islam and senior
manager Md Emdadul Haque represented Padakhep Manabik Unnayan Kendra at the
event.

Under this partnership, the unbanked people of remote areas can easily avail
of digital financial services and small and medium entrepreneurs will also be
able to make necessary transactions in quick time from anywhere without
facing any kind of hassle.

Sheikh Aminur Rahman, the chief business officer of Nagad, said, "Nagad has
already brought about revolutionary changes in the country's financial
sector. This deal with Padakhep will allow marginalised people to repay their
microcredit installments as well as make savings deposits more conveniently
through 'Nagad'."
 
Nagad will never ask for a secret PIN or OTP from any customers with respect
to any payments-- be it loan installments or savings deposits-- to Padakhep
Manabik Unnayan Kendra. So, the secret PIN or OTP can never be shared with
anyone.