Bangladesh Bank appoints administrator to Nagad

Bangladesh Bank has appointed an administrator to mobile financial service provider Nagad for one year.

Muhammad Badiuzzaman Dider, who served as a director of Bangladesh Bank's Chattogram office, has been appointed as the administrator to Nagad for a one-year term, according to an order by the central bank on Wednesday.

Besides, in order to facilitate the overall operations of the administrator, some six officials of the postal department have been attached with the digital financial service Nagad.

They are: Md Habibur Rahman as additional director, Anwar Ullah and Palash Mondol as joint directors, Abu Sadat Mohammad Yasin (joint director, ICT), Chayan Biswas (deputy director, ICT) and Md Ayub Khan (deputy director).

Since its inception in March 2019, the fast-growing MFS provider has introduced itself as the "digital financial service of Bangladesh Post Office".