Nagad hits record Tk 34,705 crore in monthly transactions in October

Nagad Limited, the mobile financial service (MFS) arm of the Bangladesh Postal Department, set a new record for monthly transaction volume in October, processing over Tk 34,705 crore during the month, thanks largely to government allowance disbursements.

Last month, the Department of Social Services and the Department of Women Affairs disbursed allowances among 79 lakh beneficiaries through Nagad, according to a press release.

In addition, services such as cash-in, cash-out, fund transfers, payments, and mobile recharges contributed to the record transaction volume, further strengthening Nagad's position as one of the country's leading MFS providers.

Marking its highest-ever monthly figure, Nagad extended heartfelt thanks to its vast network of several crore registered customers for contributing to the milestone.

Since its inception, Nagad has established itself as one of the most popular and trusted mobile financial service providers in Bangladesh. Over the years, both its customer base and transaction volume have grown significantly.

Continuing this upward trend, the MFS operator has now surpassed all previous records. Earlier, in March 2025, Nagad recorded monthly transactions of Tk 34,000 crore, while in June 2024, the figure stood at Tk 32,000 crore.

Congratulating customers, employees, entrepreneurs, and partners on the new milestone, Md Motasem Billah, administrator of Nagad, said, "Success never comes by chance; rather, it is the outcome of collective effort and dedication. When everyone works together with a shared vision and values, striving for excellence becomes much easier."

He added, "As the digital financial service of the Bangladesh Postal Department, Nagad continues to move forward with improved services and stronger assurances for customers' money. Customer confidence in the current management board has grown markedly compared to previous years, resulting in a sustained increase in transactions."

During the record-breaking month, Nagad also logged its highest single-day transaction on October 15, when customers carried out transactions worth Tk 1,645 crore.

Driven by continuous innovation and customer-centric services since its launch, Nagad's user base has continued to expand rapidly, with new customers joining daily through its mobile app.