United Commercial Bank has signed a Memorandum of Understanding (MoU) with "Nagad" (Third Wave Technologies Limited), country's one of the most potential new Mobile Financial Service recently.
This is the first banking arrangement for "Nagad" with any bank. Through this arrangement, UCB will provide Nationwide Collection Service to "Nagad" and act as their payment bank. Deputy Managing Director of UCB Md Sohrab Mustafa and Head of Finance and Company Secretary of Nagad Mostafa Kamal Ahmed FCA, signed the MoU on behalf of their respective companies.
Md. Abdullah Al Mamoon, DMD of UCB, Md Sekander-E-Azam, Head of Transaction Banking of UCB, Ikram Farid Chowdhury, SVP & BM of UCB, and Irfanul Huq, Chief Sales Officer of Nagad, were also present among other officials from both of the organisations.
Nagad is the digital financial service of Bangladesh Post Office. Nagad is a dynamic and secured digital financial service that facilitates customers daily financial transaction needs like cash in, cash out, send money (P2P), mobile recharge etc. 'Nagad' brand is operated by Third Wave Technologies Limited (TWTL). Nagad aims to spearhead the digital financial service revolution in Bangladesh.
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