Nagad, Swisscontact collaborate to enhance the financial inclusion of RMG workers

Bangladesh Postal Department’s mobile financial service Nagad and Switzerland’s Zurich-based non-profit organisation ‘SwissContact’ have recently signed a memorandum of understanding (MoU) under the ‘Sarathi- Improving Financial Health’ programme.

The initiative is aimed at bringing the RMG workers and the community people under the digital platform. The project’s key objective is to introduce ready-made garment workers to the easily-accessible services of Nagad and increase their digital literacy by raising awareness.

Rahel Ahmed, Chief Executive Officer (CEO) of Nagad Ltd, and Mujibul Hasan (Cezanne), Country Director of Swisscontact Bangladesh, signed the MoU at a ceremony arranged at Nagad Head office recently.

The initiative is a part of the ‘Sarathi - Improving Financial Health’ project launched by Swisscontact, under which both organisations seek to reach about 17,400 RMG workers and their community members with digital financial products and services. The programme will encourage beneficiaries to transact their digital currency in alternative avenues. The project will run until 20 October 2022.

The joint initiative will onboard uddokta, merchants, and educational institutions. Through this initiative, Nagad and Swisscontact conduct activities to raise financial awareness among the RMG workers and their community.

Additionally, the joint initiative will provide access to digital value-added services such as bill payment, educational payment, mobile top-up, and other payments and services, helping the community under the project to organise their finances more securely and efficiently.