Nagad, Swisscontact sign deal

Mobile financial service provider Nagad and Swisscontact - Swiss Foundation for Technical Cooperation, a Zurich-based non-profit organisation, recently signed a memorandum of understanding under the Sarathi, an improving financial health programme.

Rahel Ahmed, chief executive officer of Nagad Ltd, and Mujibul Hasan (Cezanne), country director of Swisscontact Bangladesh, inked the deal at the former's head office in Dhaka, a press release said.

"Our goal as an enabling platform for Bangladesh's unbanked and underbanked population remains to bring more people in financial inclusion by delivering value-added, affordable services," said Ahmed.

The prime objective of the initiative is to introduce garment workers to the easily-accessible services of Nagad and increase their digital literacy by raising awareness.