DHAKA, June 7, 2022 (BSS) - LankaBangla finance has signed an agreement with Nagad to launch its Digital sales window for marginal people at LankaBangla Corporate Head Office in the capital.

Khwaja Shahriar, Managing Director and CEO of LankaBangla Finance Limited, and Rahel Ahmed, CEO of Nagad, signed the agreement on behalf of their respective organizations recently.

Under this agreement, LankaBangla will provide DPS facility, Credit Card and Loan applications through Nagad in urban and remote areas. The sole purpose is to bring marginal people under the banking umbrella across the country, said a press release.

Commenting on the agreement Rahel Ahmed, CEO of Nagad Limited, said, "Nagad is the first mobile financial service that has designed all of its services focusing on easing the life of its users irrespectively the urban and rural areas. We are heading to a developed country, and now people need to access all financial services sitting anywhere in the country,"

He said this would also tremendously boost people's adoption of digital financial services and bring more marginal people into financial inclusion across the country.

Khwaja Shahriar, LankaBangla MD & CEO said, "LankaBangla always focuses on Financial Innovation and works relentlessly to provide customized financial products to our customers. Digital Banking is changing the financial landscape in the country. Align with the fourth industrial revolution and Digital Bangladesh vision, we have established Digital Transformation Department to provide better and faster customer service to extend our presence all over the country through the digital platform,"

He said this new initiative will play a pivotal role in developing women entrepreneurs and marginal people in urban and rural areas. "Now with the help of Nagad, we can reach six and a half crores of Nagad users in any area of Bangladesh."

Md. Shihab Uddin Chowdhury, CSO of Nagad, Md. Saidur Rahman Dipu, Head of Business Sales, Md. Bayezid, Head of Insurance and NBFI, from LankaBangla A. K. M. Kamruzzaman, Head of Operations, Khurshed Alam, Head of Retail Business, Md. Kamruzzaman Khan, Head of SME and Sheik Mohammad Fuad, Head of ICT from LankaBangla Finance were present, among others, on the occasion.