Postal Department receives BDT 4.5 crore revenue from Nagad

Nagad, a  mobile financial service, which is an entity of the Postal Department, has shared revenue with the mother organisation this year like every year. The Postal Department has formally received BDT 4 crore 50 Lac and 46 Thousand as revenue from Nagad's earnings in the 2021-22 fiscal year.

Nagad authorities handed over the cheque for the said amount payable to the Postal Department at a programme in Dhaka's Agargaon area today (Wednesday).

Secretary of the Posts and Telecommunications Division Md. Khalilur Rahman received the cheque from Nagad's Executive Director Md. Shafayet Alam. Posts and Telecommunications Minister Mustafa Jabbar, Director General of the Postal Department Md. Harunur Rashid, and Nagad's Founder and Managing Director Tanvir A Mishuk were present there.

Bangladesh Postal Department is entitled to getting 51 percent of the revenue earned by Nagad as per the agreement between Nagad and the Postal Department. The remaining (49 percent) will go to Nagad. Nagad handed over revenue amounting to BDT 1.12 crore in 2019-20 and BDT 3.31 crore in 2020-21 financial year to the Postal Department earlier.