About 1.80 lakh new clients are joining the network of Nagad every day as they allow clients to open an account of the mobile financial service without filling out any documents. This is a record in opening accounts and an example of boosting the financial inclusion using technology.
New clients are joining the digital financial service of the postal department in droves after it introduced the opening of accounts through dialling of *167# and the setting up a four-digit PIN. Besides, people can open an account through the app of Nagad after having their national identification number verified.
Only on February 17, about 1.85 lakh people joined the Nagad platform. A similar pace of client registration was observed before and after the day. On average, 1.5 lakh people registered with Nagad every day in the last two weeks. As a result, the effective number of clients of Nagad has gone past 3 crores, a development that is significantly contributing to the financial inclusion in the country.