Nagad alternatives
short answerThe closest alternatives to Nagad are GCash, bKash and WeBank. All are neobanks operating in Asia for underbanked, comparable to Nagad on custody, licence, cards, fees and FX — compared field by field below. No affiliate links.
The 8 closest alternatives
| neobank | type | hq | reported users | compare |
|---|---|---|---|---|
| GCash | traditional | Manila, PH | 94M users (2024) | directory → |
| bKash | traditional | Dhaka, BD | 70M users (2024) | vs Nagad → |
| WeBank | traditional | Shenzhen, CN | 400M customers (2024) | directory → |
| PhonePe | traditional | Bengaluru, IN | 200M MAU (2025) | directory → |
| Airtel Payments Bank | traditional | Delhi, IN | — | directory → |
| Jio Payments Bank | traditional | Mumbai, IN | — | directory → |
| TrueMoney | traditional | Bangkok, TH | — | directory → |
| MiniPay | web3-native | Oslo, NO | 10M wallets (2025) | directory → |
go deeperBack to the Nagad profile, ask who owns Nagad?, or filter your own shortlist in the directory.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.