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Bangladesh · Banking & Payments
Nagad
A major Bangladeshi mobile financial service backed by the postal department, competing with bKash for digital payments.
What it helps with
- Sending money anywhere in BangladeshBy mobile number.
- Paying in shopsQR and merchant pay.
- Receiving remittancesFrom abroad.
About Nagad
Nagad is a mobile financial service operated in partnership with Bangladesh Post Office, offering payments, transfers and bill payments through a digital wallet, positioned as a lower-fee alternative in the market.
Key Features
- Competitive Transaction Fees: Often positioned with lower fees compared to some competitors for certain transaction types.
- Cash In/Cash Out Network: A wide network of agents allows adding or withdrawing cash from the wallet.
- P2P Transfers: Send money to other Nagad users instantly using their phone number.
- Bill Payment Integration: Pay utility bills, mobile top-ups and other recurring payments within the app.
How to Get Started
- Download the Nagad app and register with a local phone number, which typically requires identification documents.
- Visit a local Nagad agent to add cash to your wallet, or link a bank account.
- Scan a merchant's QR code or transfer to another user's number to pay.
- Use in-app bill payment features for recurring expenses.
Before you use it
- Sign-up: A Nagad account needs a Bangladeshi NID and a SIM registered on it; foreigners usually cannot open one.
- Fees: Remittances sent to Bangladesh through formal channels earn the recipient a 2.5% government cash incentive.
Local number needed
Local ID needed
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Frequently Asked Questions
- Does Nagad work with a foreign bank card in Bangladesh?
- Not reliably - a foreign card may be declined. Check the notice above, or plan to use a local payment method.
- Is Nagad available in English?
- Not officially - the interface is mainly in the local language.
- Do I need a local phone number to use Nagad?
- Yes, Nagad requires a local phone number to register.
- Do I need local ID or residency for Nagad?
- Yes, Nagad requires local ID or residency status.
- Where can I use Nagad?
- iOS · Android
- How much does Nagad cost?
- Free sending up to a monthly limit; cash-out fee