Business Report :
Customers can now pay savings and loan installments of Southeast Bank PLC. through Nagad, the digital financial service provider of Bangladesh Postal Department.
This initiative was launched recently at an event held at the head office of Southeast Bank PLC. Using the Nagad app or by dialing the USSD code *167#, Nagad users can instantly deposit money into bank accounts, pay DPS installments, and repay loan installments.
To complete the process, users need to select “Bill Pay” on the Nagad app, then choose “Bank” followed by “Southeast Bank.”
After entering their account number, the transaction will be completed. A 1% service charge will apply for every BDT 1,000 transacted.
The event was attended by Muhammad Badiuzzaman Didar, Administrator, Nagad; Nuruddin Md. Sadeque Hossain, Managing Director, Southeast Bank PLC.; Shihab Uddin Chowdhury, Deputy Managing Director, Nagad and other senior officials from both organizations.
Muhammad Badiuzzaman Didar at the event said, “Banks and MFS providers are working together to advance financial inclusion in the country.
Nagad, as an organization, aims to enrich the country’s economy. Collaborating with a second-generation bank like Southeast Bank, we hope to bring meaningful changes to the lives of people in remote areas.
This new option of depositing money from Nagad to banks will make life even easier for customers.”
Southeast Bank and Nagad have a long-standing business relationship. Together, they have opened new horizons in the partnership between banks and mobile financial services in Bangladesh.
