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Nagad Digital Bank License Approval: Nagad is all set to get licence for its 'Nagad Digital Bank', as it has successfully met the criteria after getting the letter of intent (LoI) from the central bank in October last year. ....
Nagad Digital Bank has issued 12.50 crore shares among seven sponsors. Of them, three companies Osiris Capital Partners (USA), Blue Haven Ventures (USA) and Finclusion Ventures Pte Ltd (Singapore) hold more than 10 percent shares. ....
The Bangladesh Bank plans to offer more permissions for digital banks, building on the progress made by mobile financial services and internet banking in recent decades, in order to pave the way for full-fledged financial services based on a 100 percent branchless banking system. ....
It took decades for Bangladesh to bring around 10 percent of the adult population under the banking system before the mobile financial service (MFS) accelerated the pace in the past decade. ....