Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Fintech PR

Nagad becomes Bangladesh’s fastest unicorn

Published

on

nagad-becomes-bangladesh’s-fastest-unicorn

DHAKA, Bangladesh, July 31, 2023 /PRNewswire/ — Nagad, a popular mobile money carrier based in Bangladesh, has emerged as a unicorn startup only in four years of its journey – the fastest in Bangladesh to reach this remarkable feat.

In recognition of the achievement, Tanvir A Mishuk, founder and managing director of Nagad Ltd., received the “Fastest to Unicorn Award” from Honourable Prime Minister of People’s Republic of Bangladesh Sheikh Hasina at the inaugural ceremony of the two-day “Bangladesh Startup Summit 2023” in Hotel InterContinental Dhaka on 29 July 2023, hosted by Startup Bangladesh Ltd., the flagship venture capital company of the Government of Bangladesh’s ICT Division.

Nagad has reshaped the country’s MFS industry with one after another disruptive innovation and inspired confidence among people to embrace its products and services that are convenient and affordable. In this way, the state-owned mobile money carrier has established itself as the fastest unicorn startup in Bangladesh.  

Presenting a keynote at the startup summit, State Minister for Information and Communication Technology Zunaid Ahmed Palak lauded Nagad’s contribution to building a smart economy in Bangladesh.

Founder and Managing Director of Nagad Ltd. Tanvir A Mishuk said, “The way Digital Bangladesh is marching ahead we should have achieved the unicorn status much earlier. Now, our challenge is to take our company’s valuation to USD 2 billion.”

Increasing the valuation is not Nagad’s main target, rather, it has embarked on its journey mainly to bring unbanked people under financial inclusion and get them used to digital payments, he also, adding, “We have already come a long way in meeting our target.”

The way payments continue to evolve in keeping with people’s changing lifestyle, there is no denying the fact that cashless is the future. Bangladesh government has taken many initiatives to attract people to digital payments. To complement the country’s digital vision, Nagad is also working relentlessly to introduce new products and services required to accelerate the country’s transition to a cashless society.

To grow into a complete financial solution, the MFS provider is going to establish a digital bank that will make available all financial services on a single platform. The mobile money carrier has already prepared itself accordingly.

“If we get the licence for digital bank, we will introduce collateral-free loans for small informal businesses who now take loans from moneylenders at 40% interest rate per day,” said the Nagad MD.

If everything continues to go in the right direction, Bangladesh will emerge as a Smart Nation by 2041, envisioned by PM Sheikh Hasina.

Advertisement

About Nagad Ltd (https://www.nagad.com.bd/)

Nagad Limited is one of the leading MFS operators in Bangladesh’s payment industry with 80 million registered customers and an average daily transaction of about USD 112 million. The digital payment platform, known as a successful public-private partnership between Bangladesh Postal Department and the private sector, was inaugurated in 2019 by Prime Minister Sheikh Hasina of the People’s Republic of Bangladesh.

View original content:https://www.prnewswire.co.uk/news-releases/nagad-becomes-bangladeshs-fastest-unicorn-301888980.html

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

COCA Unveils Black November: Zero Fees on Swaps, Spending, and FX with the COCA Crypto Card

Published

on

coca-unveils-black-november:-zero-fees-on-swaps,-spending,-and-fx-with-the-coca-crypto-card

HONG KONG, Nov. 5, 2024 /PRNewswire/ — This November, COCA is thrilled to announce its Zero-Fee Black November offer, delivering one of the most competitive zero-fee crypto wallet and card experiences in the industry. With zero fees on swaps, card spending, and FX, COCA is dedicated to helping users keep more of their crypto gains by reducing the costs that often come with swapping and spending cryptocurrencies in the real world.

Why COCA Leads the Way in Zero Fees

Most crypto apps, including Coinbase, Crypto.com, Revolut, and popular DEXs, add commission fees that reduce users’ earnings. COCA’s Zero-Fee Black November, however, offers the opportunity to transact with zero costs. Here’s how COCA stands out:

  • Zero Commission on Cross-Chain Swaps: COCA users can swap assets seamlessly across 13 chains with no commission fees.
  • Zero Fees on Card Spending: Every COCA card transaction—whether online or in-store—is fee-free.
  • Zero FX Fees Worldwide: COCA cardholders can shop at 80 million+ merchants with no foreign exchange fees, ideal for international spending.
  • No Membership Fees: COCA’s transparent structure means no annual card fees—users gain access to all benefits without hidden costs.

Earn Rewards with COCA Points

In addition to zero fees, COCA users earn COCA Points on every card transaction. These points can unlock exclusive rewards, including eligibility for an upcoming airdrop. This reward structure allows users to save with each transaction while gaining even more value with each purchase.

Zero-Fee Black November – The Perfect Time to Join COCA

Now through the end of November, users can secure COCA’s exclusive zero-fee offer by ordering a COCA card. COCA’s zero-fee structure, paired with COCA Points rewards, allows users to maximize savings and enjoy added benefits on every transaction.

About COCA

COCA is a next-generation crypto super app designed to simplify and secure the crypto experience for users worldwide. With innovations in security, usability, and integration, COCA is at the forefront of the digital asset revolution. For more information, visit coca.xyz.

Photo: https://mma.prnewswire.com/media/2549172/Black_November_COCA.jpg
Logo: https://mma.prnewswire.com/media/2338075/5007876/COCA_Logo.jpg

COCA Logo

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/coca-unveils-black-november-zero-fees-on-swaps-spending-and-fx-with-the-coca-crypto-card-302296499.html

Advertisement
Continue Reading

Fintech PR

Gateway Gulf’s Second Edition Concludes on a High Note with over USD 12 Billion of Announcements and Deals

Published

on

gateway-gulf’s-second-edition-concludes-on-a-high-note-with-over-usd-12-billion-of-announcements-and-deals

MANAMA, Bahrain, Nov. 5, 2024 /PRNewswire/ — A total of 32 landmark announcements and deals over USD 12 billion were announced at the second edition of Gateway Gulf 2024, which ran between 3 – 4 November. Organised by Bahrain Economic Development Board (Bahrain EDB), the forum was attended by 250 ministers and business leaders from around the world and highlighted significant trade and investment opportunities in Bahrain and the wider Gulf, as the region’s economies increasingly drive growth in non-oil sectors.

In finance, Al Salam Bank (ASB) announced the launch of ASB Capital, a newly established Category 3A asset management firm licensed by the Dubai Financial Services Authority (DFSA). Investcorp announced key investment related initiatives, and SICO Bank introduced diversified investment products. J.P. Morgan Payments announced plans to hire technologists in Bahrain. Additionally, Singapore Gulf Bank announced the launch of corporate banking services for the global digital economy.

Highlighting Bahrain’s digital transformation momentum, ARRAY Innovation signed three partnerships with the National Bank of Bahrain (NBB), Aluminium Bahrain (Alba), and the Labour Fund (Tamkeen) to promote advanced enterprise software, analytics, artificial intelligence, and machine learning solutions. Beyon unveiled its visionary digital city and signed a development agreement with Edamah.

In manufacturing, Alba and Daiki Aluminium reaffirmed their commitment to establishing a sustainable aluminium dross processing facility in the Kingdom of Bahrain. Racing Force Group and Bahrain International Circuit announced the completion of the Bell Racing Helmets factory extension and groundbreaking for its new open manufacturing production (OMP) facility. Meanwhile, Bapco Energies also announced reaching a decisive milestone of expanding its refining capacity in compliance with the latest sustainability regulations under Bapco Modernisation Program (BMP).

Key projects were announced by Edamah, the real estate arm of Bahrain Mumtalakat Holding Company, including the opening of its latest resort Hawar by Mantis. Infracorp, a leading company specialised in infrastructure investment and sustainable development, revealed an agreement with Kempinski to launch Harbour Heights Kempinski Hotel and exclusive branded residences in the heart of Manama’s exclusive Bahrain Harbour.

Government announcements included details from Bahrain’s Ministry of Industry & Commerce about a National Industrial Development Fund and SMEs Development Fund. The Ministry of Housing and Urban Planning outlined plans for the development of 3,000 residential units and apartments in Khalifa City, while Mumtalakat, Bahrain’s sovereign wealth fund, signed several partnership agreements across key verticals of their portfolio.

Photo – https://mma.prnewswire.com/media/2549196/Bahrain_Gateway_Gulf.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/gateway-gulfs-second-edition-concludes-on-a-high-note-with-over-usd-12-billion-of-announcements-and-deals-302296497.html

Continue Reading

Fintech PR

FBOX Accelerates Growth and Innovation in the Cooling Industry with Strategic Initiatives

Published

on

fbox-accelerates-growth-and-innovation-in-the-cooling-industry-with-strategic-initiatives

DUBAI, UAE, Nov. 5, 2024 /PRNewswire/ — In an impressive demonstration of agility and foresight, FBOX has embarked on a series of transformative initiatives over the past two months, affirming its status as a pioneering leader in the cooling industry.

At the recent exhibition Bitcoin Amsterdam, FBOX introduced its revolutionary clean energy green mining solution. The innovation effectively addresses the critical challenge of unstable power output in renewable energy mining, showcasing the company’s commitment to sustainability and eco-friendly practices.

Following this significant launch, FBOX made a strong entry into the data center liquid cooling sector at Gitex Global in Dubai. This strategic move highlights the company’s advanced cooling technologies, meticulously designed to meet the evolving demands of modern data centers and ensure optimal performance, enabling broader applications of cooling technology across various industries.

The momentum continued at the Blockchain Life Dubai, where FBOX unveiled a specialized cooling solution tailored for the Antminer S21 immersion miner. This initiative underscores FBOX’s dedication to delivering customizable, state-of-the-art solutions for the cryptocurrency mining industry, reinforcing its adaptability in a rapidly changing industry.

Looking ahead, FBOX will be exhibiting at the upcoming SC 24, the International Conference for High Performance Computing, Networking, Storage, and Analysis in Atlanta, USA in November. With two strategically positioned booths showcasing its innovative data center liquid cooling products, the company signals its commitment to establishing a robust presence.

These swift advancements underscore FBOX’s dynamic growth trajectory and strategic focus on capitalizing on high-demand markets. As the company continues to innovate, it remains dedicated to fostering sustainable solutions and driving excellence in the cooling solutions industry.

About FBOX

FBOX is a leading solution provider in the cooling industry, renowned for its innovative immersion, hydro, and air-cooling products. Committed to advancing cooling technology, FBOX offers stable, high-performance cooling solutions that are highly compatible across diverse environments.

By enabling efficient overclocking while ensuring thermal stability, FBOX products are widely adopted in North and South America, as well as the Middle East, positioning the company as a trusted leader in the market.

For additional details, visit:

Advertisement

Official Site: www.fboxdata.com 

LinkedIn: FBOXDATA

Twitter: FBOXDATA

View original content:https://www.prnewswire.co.uk/news-releases/fbox-accelerates-growth-and-innovation-in-the-cooling-industry-with-strategic-initiatives-302296487.html

Continue Reading

Trending