← back
Nagad profile

Who owns Nagad?

traditional · Dhaka, BD · Licensed bank · custody: Custodial

short answerNagad holds its own banking licence, so Nagad itself is the bank — customer deposits sit on its own regulated balance sheet rather than with a third-party sponsor.

Is Nagad a licensed bank?

Yes — it holds its own banking licence. Licence detail: Mobile money licence (Bangladesh Bank MFS, with Bangladesh Post Office); 2024 digital-bank licence under review.

Where is your money held?

Custody model: Custodial — on Nagad's own balance sheet as a licensed bank.

No sponsor bank or infrastructure provider is publicly documented for Nagad yet. Know one? Suggest it.

Is my money safe with Nagad?

As a licensed bank, eligible deposits at Nagad are typically protected by the local deposit-guarantee scheme up to the statutory limit (for example FDIC in the US, FSCS in the UK, or the €100,000 EU scheme). Confirm the exact scheme and limit for your country.

go deeperSee the full Nagad profile with every verified field, or Nagad alternatives. Raw fields: data.json.

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.