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Nagad: The Government-Backed MFS That Challenged bKash
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Nagad: The Government-Backed MFS That Challenged bKash

Nadia Islam

Nadia Islam

April 3, 2026·5 min read

Bangladesh Post Office's digital financial service Nagad grew to 80 million users in just 4 years, disrupting the mobile money market.

Launched in 2019 by Bangladesh Post Office in partnership with Third Wave Technologies, Nagad quickly became one of the fastest-growing mobile financial services in the world, attracting over 80 million users within four years.

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