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Over 700 Nagad accounts reactivated in first phase

Staff Correspondent
13 Sep 2021 15:10:37 | Update: 13 Sep 2021 15:10:37
Over 700 Nagad accounts reactivated in first phase

The mobile financial service provider, Nagad, has reactivated more than 700 accounts in the first phase after extensive analysis and consultation with the authorities’ concerned.

Of late, after observing signs of inconsistent transactions with some e-commerce platforms of the country, Nagad’s state-of-the-art technology automatically put some accounts balance on hold temporarily for ensuring the customer’s security, a press release said on Monday.

As per the Bangladesh Bank regulations, Nagad informed the matter to the authorities concerned.

The accounts with satisfactory results are being reactivated in phases through ongoing consultation with the authorities, extensive analysis and scrutiny.

In the ongoing process, steps have been taken to reactivate rest of hold the accounts with satisfactory results within the shortest possible time, the press statement read.

The customers are already enjoying the regular functionality with the reactivated accounts as well as all the exciting Nagad offers.

The mobile financial service provider has always worked for the common people and is firmly committed to ensuring that people’s money is not at the slightest risk.

Since its launch on March 26, 2019, Bangladesh Post Office’s mobile financial service Nagad has been working to bring people’s financial transaction to digital platform.

In last two and a half years, Nagad acquired 5.5 crore customers with a daily average transaction of more than Tk 700 crore.