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."