Govt to privatise Nagad to boost competition in MFS sector: BB governor

The government has decided to privatise Nagad to increase competition in the mobile financial services (MFS) sector, said Bangladesh Bank Governor Ahsan H Mansur.

"We want to create more activity and competition in the MFS sector. We have decided to privatise Nagad at the highest level and bring in investors," he said.

He was speaking at the Cashless Bangladesh Summit 2025, jointly organised by the Institute of Cost and Management Accountants of Bangladesh (ICMAB) and Mastercard at Sonargaon Hotel in Dhaka.

"We will probably issue an advertisement for this within a week," he added.

Mansur said Nagad will be taken out of the Post Office's control as it currently lacks the capacity to run the service.

"A technology company has to be brought in as the major shareholder of Nagad," he said.

"We hope we can rejuvenate Nagad as a worthy competitor in the MFS sector."