Nagad, the mobile financial service (MFS) provider of Bangladesh Post Office, has signed an agreement with the Bangladesh Bridge Authority (BBA) for the electronic toll collection (ETC) on the Padma Bridge, enabling seamless vehicle movement across the structure.

Nurul Hoq, director of finance and accounts and joint secretary of the BBA, and Md Muiz Tasnim Taqui, chief strategy officer of the MFS, signed the agreement at Shetu Bhaban in the capital's Banani recently, according to a press release.

Under this agreement, toll collection through Nagad using RFID technology will commence shortly.

Vehicles will be able to pass through toll plazas without stopping, with payments processed automatically, significantly reducing travel time and easing commuter inconvenience.

Speaking on the occasion, Mohammad Abdur Rouf, secretary of the Bridges Division and executive director of the BBA, stated, "Our target is to make it easier for travellers to cross the bridge, especially during the upcoming Eid-ul-Adha. That's why we're collaborating with Nagad and a few other financial institutions to introduce this system."

Md Motasem Billah, administrator of Nagad appointed by Bangladesh Bank, said, "We are upgrading our technology to support a fully digital transaction experience. We are also offering incentives to customers to encourage adoption."

Altaf Hossain Sheikh, director of administration of the BBA, along with other high officials from both organisations, were also present.