UK-based Global Economics Ltd has crowned Nagad, the mobile financial wing of Bangladesh Post Office with the “Most Innovative Digital Finance Service” award of 2021 for its outstanding initiatives on financial inclusion through the development of an extraordinary mobile application, said a press release.
The financial publication and bi-annual business magazine, which is well-known for its thoughtful insights into the financial sectors on various industries across the world, announced the award last week.
According to the magazine’s award policy, technology holds the key to various industrial innovations and prosperity. The Global Economics Awards’ agenda is to recognize the digital transformations related to technological innovation.
Nagad, in partnership with mobile phone operators, has introduced an account opening system that takes only a few seconds, which is the first of its kind in the world. Anyone can open a Nagad account in just a few seconds by dialling *167# from their mobile phones and setting up the four-digit personal identification number (PIN). This innovation helps to save time, money and efforts of the users as they don’t require to visit any physical location or submit any papers, the release said.
