Nagad is a free finance application developed for mobile devices. It serves as the official app where users and residents can avail of the digital financial services being offered by the Bangladesh Post Office, including money transfers, mobile recharges, and many others, all from within a single portal.

Nagad is another option to consider from other digital financial services like bKash. It is a secure mobile app to use for money-related transactions with its two-stage verification protocol. It also monitors every activity that happens so that you can review them for any irregularities.

How does it work?

When you first open Nagad, you will be asked to open a new account if you don't have one yet. Opening an account requires a National Identity Card. First, you need to select the type of card you have. Then, you’ll be asked to upload a photo of the front and back of your ID. After that, you will need to provide a selfie for verification and provide your signature.

Once done, you will then get access to all the digital financial services that the Bangladesh Post Office offers. You can take advantage of Cash In and Cash Out features that make it possible to deposit or withdraw money from it. You can also Transfer Money to other Nagad users if you choose. Some other convenient features that you can use the app for are Bill Payments and Mobile Recharge.

Lastly, you can even Profit and earn with your Nagad account. The rate is computed based on their remaining balance and is given out at the end of each month. While the app itself is intuitive to use and is ad-free, some issues do detract from the overall user experience, though. They include PIN authentication issues, mobile number registration failures, and unreliable and often unresponsive customer support.

Good, albeit inconsistent digital finance services

All in all, Nagad is a decent option to consider if you're looking for a digital platform that offers various financial services. The app itself is rather straightforward to use and creating an account takes just a few simple steps. Despite a few issues, it's still worth giving a try.