Nagad wins 'Mastercard Excellence Award 2022' in two categories
DHAKA, Nov 27, 2022 (BSS) - Nagad, the mobile financial service of the Bangladesh Post Office, has won 'Mastercard Excellence Award 2022' for its outstanding contributions to digital innovation in Bangladesh's financial sector.
Nagad has also won this award (second one) in the online category for its remarkable contributions to merchant business.
The distribution ceremony of the 'Mastercard Excellence Award 2022' under the title 'Towards a Smart Transformation' was organised by the internationally recognized organisation Mastercard at a city hotel in the capital recently, said a press release today.
Mastercard said this award is given to different financial institutions that make contributions to the implementation of smart Bangladesh vision.
Mastercard has given such award to some 23 organisations in 15 categories this year. Nagad has won the award in two categories, among a few other multiple winners, for its performances in financial year 2021-22.
In one category, Nagad has won the recognition of Excellence in Digital Innovation 2021-22 for Mastercard bill payment. Nagad has got recognition in the Excellence in Mastercard Business (Merchant) online 2021-22 category.
Commerce Minister Tipu Munshi joined the award-giving ceremony as the chief guest, which was attended by Bangladesh Bank's executive director Md Khurshid Alam as the guest of honor.
Mastercard South Asia chief operating officer Bikash Verma and its Bangladesh Country Manager Syed Mohammad Kamal were present among other top executives of partner banks and fintech and merchant partners.
Bikash Vetma said they are glad to recognise the organisations that come up with necessary and innovative digital payment solutions and thus contribute to Bangladesh's growth.
Nagad Founder and Managing Director Tanvir A Mishuk said the awards from Mastercard have added a new feather to Nagad which is trying to include the unbanked people into the financial system.
Nagad has earlier won Best Innovation Digital Financial Service Award for first KYC Innovation in Bangladesh, Inclusive Fintech Fifty Award, Best Digital Financial Service Provider Award, WITSA Global Excellence Award, Digital Bangladesh Award, E-Commerce Mover Award, Best Marketing Communication Award and some other awards.