The transaction cost per thousand is 6 Taka, in Nagad
Bangladesh Post Department's digital financial transaction "Nagad" has reduced the transaction costs of small and medium traders by 6 taka in the face of the epidemic cervical virus. That is why "Nagad" brings 'Independent Merchant's service.
Under this service, a " Nagad " "independent merchant" trader can now make payments to another " Nagad " "independent merchant" as payment for the merchandise required, at a cost of only 6 taka per thousand from now.
All the individuals of Bangladesh will profit in a roundabout way by decreasing the exchange expenses of little and medium brokers. This " Nagad " activity will positively affect individuals' lives. The Mobile Financial Service (MFS) thinks " Nagad " implies that individuals will endure if small business survive. Hence, at this crucial point in time in the express, the state administration " Nagad " plans to remain by five kinds of organizations and merchants.
These incorporate pharmacy, pharmaceuticals, staple goods, post workplaces, markets, and little and medium brokers. Likewise, under the heading of Hon'ble Minister Mostafa Jabbar, chats with portable administrators from the earliest starting point of the lockdown in the nation have chosen to purchase computerized cash for versatile top-up retailers the nation over.
As a result, retailers like Robi, Banglalink and Teletalk can buy digital top-ups on mobile at any time through " Nagad ". As a result, people are enjoying continuous service in this disaster due to " Nagad ".
Besides, " Nagad " is using that money to reduce transaction costs by reducing its advertising budget to stand beside the common man in such a crisis. Apart from this, initiatives have been taken not to charge the first 1000 taka cash out of Nagad and to reduce the settlement charges for essential commodities and medicines.
Workers of " Nagad " distribute food and necessities free of cost to the underprivileged people in 492 Upazilas of the country under the care of the state-owned postal department. " Nagad " believes, "If people live, the country will survive".