Nagad Partners with Bengal Commercial Bank for Remittance and E-Wallet Services

Nagad, a mobile financial services provider in Bangladesh, signed a partnership agreement with Bengal Commercial Bank PLC on Aug 23, 2026. The deal covers remittance delivery, e-wallet top-ups, and interbank transfers. It was signed at Bengal Commercial Bank's headquarters in Gulshan, Dhaka.

K. M. Awlad Hossain, CEO of the bank, signed on its behalf.

Md. Motasim Billah, Bangladesh Bank's appointed administrator for Nagad, signed on behalf of the MFS provider. Under the agreement, Nagad will maintain a trust cum settlement account through Bengal Commercial Bank, in line with Bangladesh Bank rules requiring mobile financial service providers to hold customer funds in trust accounts at scheduled banks.

Financial terms were not disclosed.