Southeast Bank’s loan installments, DPS payments now through Nagad
Customers can now pay Southeast Bank PLC's savings and loan installments through Nagad, the Bangladesh Postal Department's digital financial service provider.
This initiative was launched recently at an event held at Southeast Bank PLC's head office. Using the Nagad app, users can instantly deposit money into bank accounts, pay DPS installments, and repay loan instalments.
To complete the process, users need to select "Bill Pay" on the Nagad app, then choose "Bank" followed by "Southeast Bank."
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After entering their account number, the transaction will be completed. A 1% service charge will apply for every BDT 1,000 transacted.
Muhammad Badiuzzaman Didar, Administrator, Nagad; Nuruddin Md Sadeque Hossain, Managing Director, Southeast Bank PLC.; Shihab Uddin Chowdhury, Deputy Managing Director, Nagad; and other senior officials from both organisations attended the event.
Muhammad Badiuzzaman Didar, speaking at the event, said, "Banks and MFS providers are working together to advance financial inclusion in the country. Nagad, as an organisation, aims to enrich the country's economy.
Collaborating with a second-generation bank like Southeast Bank, we hope to bring meaningful changes to people's lives in remote areas.
This new option of depositing money from Nagad to banks will make life easier for customers."
Southeast Bank and Nagad have a long-standing business relationship.
Together, they have opened new horizons in the partnership between banks and mobile financial services in Bangladesh.
