The future of Bangladesh’s mobile financial service provider Nagad will depend on the new government’s policy direction, according to economist Ahsan H. Mansur. Dhaka-14 Member of Parliament Barrister Mir Ahmad Bin Kasem Arman shared this after a meeting with the Bangladesh Bank governor on Tuesday. The discussion followed ongoing talks from the previous interim government period regarding potential foreign investment in Nagad.

Arman stated that the current government has not yet finalized its stance on whether Nagad will be handed over to private investors. If the government decides to proceed as the interim administration had planned, the investment process will begin. Acting as a professional lawyer and local representative for foreign investors, Arman said the investors are mainly interested in Bangladesh’s digital banking sector and have expressed willingness to conduct an audit to assess Nagad’s profitability.

Bangladesh Bank spokesperson Arif Hossain Khan confirmed that the central bank will act according to the new government’s decision and remains firm on its position.