Nagad slashes transaction charge for SMEs

Mobile financial service provider Nagad yesterday announced it slashed the transaction charge for small and medium-sized enterprises by about 59 per cent to Tk 6 for every 1,000 to mitigate their woes in the time of the coronavirus pandemic.

Nagad's registered customers for its Swadhin Merchant programme, which is dedicated to SMEs, would be able to perform business transactions with other merchants at the new rate, it said in a statement.

The move was made in response to Prime Minister Sheikh Hasina's call to stand by people in this hard time caused by the lethal pathogen, which has brought business activities across the country to a halt.

Nagad is owned by Bangladesh Post Office.