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Bangladesh’s postal department-backed digital financial service provider Nagad recorded transactions worth approximately Tk 3.8 trillion in the recently concluded year, marking a 15 percent increase from the previous year’s Tk 3.3 trillion. The company disclosed the figures in a press release issued on Thursday, noting that December alone saw transactions totaling Tk 355.3 billion, the highest monthly volume to date. According to Nagad’s administrator Md. Motasim Billah, the company consistently strives to offer value to its customers through various campaigns throughout the year, alongside maintaining the lowest cash-out charges in the market. The record transaction volume was primarily driven by cash-in, cash-out, money transfer, bill payments, mobile recharges, and remittance services. The company’s continued growth underscores the expanding adoption of digital financial services in Bangladesh, with Nagad maintaining a strong position in the competitive mobile financial services sector.

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