Nagad gets Visa 'Excellence in Fintech' award
Thanks to e-KYC, a mobile financial account can be opened without any paper documentation from one's smartphone -- a move that has slashed the financial sector's client onboarding costs substantially.
- In three years of its existence, Nagad has introduced the electronic Know Your Customer (e-KYC) to Bangladesh leveraging the country's National Identity Card database.
- And those with no Nagad account yet can also receive money from a Nagad account to their mobile number.
- This Visa award will definitely inspire us to introduce more such solutions that will make people's lives easier."
- Nagad and Visa jointly pioneered a solution a few months ago that allows consumers to use Nagad to transfer funds directly from their wallet to any bank account linked to a Visa card.