Yunus-government is giving Nagad to the private sector!

❐ Special Correspondent

The Yunus government is once again on the verge of a controversial decision. This time, a decision has been made to hand over the popular mobile banking service provider (MFS) Nagad to a private company.

It is learned that Bangladesh Bank Governor Ahsan H. Mansur said that a notification will be issued within a week to find investors to privatize Nagad, an organization under the Bangladesh Postal Department.

The Governor made this statement while addressing the “Cashless Bangladesh Summit 2025” event at Sonargaon Hotel in Dhaka on Wednesday, August 27.

Ahsan H. Mansur said, “We need to create competition and new investments in the MFS sector. Therefore, a decision has been taken to bring investment through Nagad to the private sector.”

He said that such a decision came from the highest levels of the Yunus government.

The governor said at the meeting that the Postal Department does not have the capacity to run this institution.

He said, “Currently, they do not have the capacity to operate this service. Nagad needs to bring a technology company as a major shareholder. Major reforms have already been made to Nagad.”

Stating that the institution is on the path of restructuring, the governor claimed that the problems of various irregularities caused by the previous owners have been resolved. 15 million fake or invalid accounts have been eliminated.

At the time, he said, “People need to be weaned off the idea of ​​cashing out on MFS services. I have told them to reduce the convenience of cashing out so that people are forced to use digital wallets.”

The Governor has advised MFS operators to ensure that they provide customers with the maximum benefits when making mobile payments.

National Board of Revenue (NBR) Chairman Md. Abdur Rahman Khan, Finance Secretary Khairuzzaman Majumder, City Bank PLC Managing Director (MD) and Chief Executive Officer (CEO) Masrur Arefin, among others, also spoke at the event.