Nagad Investment Awaits New Government’s Decision

Several domestic and international private firms are interested in investing in Nagad, Bangladesh’s leading mobile financial service (MFS). However, the next steps depend entirely on the policies of the new government.

Bangladesh Bank Governor Dr. Ahsan H. Mansur stated that if the government decides to hand over Nagad to private investors, the investment process will begin. Newly elected MP Barrister Mir Ahmad Bin Kasem Arman, acting as a local representative for foreign investors, discussed the matter with the central bank.

Barrister Arman said potential investors are mainly interested in Bangladesh’s digital banking and MFS sector. They have expressed interest in conducting a full audit before committing to investment. He added that strong tech firms, capable of gradually acquiring shares, are needed to revive Nagad and make it a competitive player.

Nagad’s history is notable: launched in 2019, it later received a digital banking license. In 2024, its previous board was dissolved and administrators were appointed. Earlier this year, Bangladesh Bank filed a case against Nagad over alleged financial irregularities.

Currently, Nagad’s future depends on the new government’s policy decisions, which will determine whether the platform can attract foreign investment.