CDIP clients can pay instalments through Nagad

Nagad Ltd has signed a memorandum of understanding with the Centre for Development Innovation and Practices (CDIP) to ease microcredit operations, said a press release. 

Mifta Naim Huda, executive director of the CDIP, and Sheikh Aminur Rahman, chief business officer of the mobile financial service provider, inked the MoU recently.

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CDIP customers will now be able to deposit the instalments of loans and savings schemes via Nagad app.

Mohammad Mahbub Sobhan, head of the payments division of Nagad, Tanvir Chowdhury, head of the MFI and government sales operation department, SA Ahad, head of the finance and planning department of the CDIP, were present.