Nagad Shares Revenue With Bangladesh Post Office As Digital Transactions Grow

The flow of money between a state institution and a fast-moving digital platform rarely draws public attention. Yet on a quiet day in Dhaka, a cheque handover at Dak Bhaban carried a story about how Bangladesh’s financial system is evolving in real time.

Nagad has disbursed Tk 13.82 crore to the Bangladesh Post Office as part of a revenue-sharing arrangement covering January 2024 to June 2025. The amount reflects the postal department’s share from the mobile financial service’s operations during that period.

The cheque was formally handed over in Agargaon by Nagad’s Chief Financial Officer Afzal Ahmed to Kazi Asadul Islam, Director General of the Department of Posts. Several senior officials from both sides attended, including representatives appointed by Bangladesh Bank, underscoring the regulatory and institutional weight behind the partnership.

A Model Built On Shared Returns

Under the agreement, the structure is straightforward but unusual. Nagad carries the burden of investment, including technology and operational costs. The Post Office, without putting capital into day-to-day service delivery, receives 51 percent of the revenue. Nagad retains the remaining 49 percent.

That arrangement has produced steady returns for the government entity over time. Prior disbursements include Tk 5.51 crore in May 2024, Tk 4.50 crore in 2022, and Tk 1.12 crore in 2020. The latest payment adds to that growing stream.

Kazi Asadul Islam spoke in measured terms after receiving the cheque. He pointed to the competition Nagad has introduced in the mobile financial services space, noting that it has encouraged wider adoption of cashless transactions. In his view, that shift is feeding into broader growth across the country’s financial sector.

There is also a longer-term expectation attached to the partnership. Annual revenue flowing to the Post Office currently stands at around Tk 13 to 14 crore, but officials believe it could climb significantly in the coming years, potentially strengthening government revenue.

Behind those projections is the scale Nagad has reached since its launch in March 2019. The platform now processes transactions averaging around Tk 15,000 crore daily, a figure that reflects both urban usage and deeper penetration into previously underserved communities.

Officials involved with the service argue that its role extends beyond commercial transactions. Nagad has been used to distribute funds under various government programmes, including education stipends and social safety net allowances. The system’s reach has made it a practical channel for public fund distribution with fewer intermediaries.

There is a sense, though rarely stated outright, that this model blends public ownership with private-style execution. The Post Office retains institutional ownership, while Nagad operates with the pace and flexibility of a technology-driven service.

As Bangladesh continues its push toward a more digital economy, arrangements like this are likely to shape how public institutions engage with financial technology. The latest cheque, while routine on paper, signals a partnership that is gradually expanding its footprint.