DHAKA,
Bangladesh, March 28,
2024 /PRNewswire/ -- Southeast Asia's first tech
billionaire Goh Peng Ooi has expressed his keen interest in
partnering with Nagad, a leading mobile financial service provider
based in Bangladesh, through his
established Silverlake Group that provides financial software and
digital services to banks.
The Malaysian fintech mogul first learnt about Nagad, went
through relevant case studies, and gave the go-ahead – this will
mark Silverlake Group's first partnership initiative in
South Asia.
Recently, Tanvir A. Mishuk,
executive chairman and CEO of Nagad Ltd., received a warm
invitation from Goh Peng Ooi at his residence in Malaysia. Impressed by Nagad's
customer-friendly innovations, acquisition of over 9 crore customers within just five years, and its
unique business model, Goh Peng
promptly expressed his interest in making the partnership Nagad.
During this courtesy call, Mishuk also invited him to Nagad
Ltd.
Founded in 1989, Silverlake Group currently provides support to
more than 400 banks operating in over a hundred countries. Almost
all banks in Singapore, including
its two main banks United Overseas Bank (UOB) and Oversea-Chinese
Banking Corporation (OCBC), are heavily dependent on Silverlake's
technology. Its business collaborations extend across Europe, America, Australia, Africa, and Asia.
During the meeting with Tanvir A.
Mishuk, Goh Peng Ooi said they had previously received
multiple proposals from different companies in various South Asian
countries, including Bangladesh
and India, but they hadn't found
sufficient reasons to integrate them into Silverlake. However, they
perceive Nagad differently in the realm of financial entities.
According to the proposal, Silverlake Group will offer Nagad the
opportunity to utilise its most advanced banking technologies.
Nagad believes this initiative will not only benefit Nagad but also
bring significant changes to the entire banking sector in
Bangladesh.
Talking about Goh Peng Ooi and Silverlake Group's interest in
partnering with Nagad, CEO of Nagad Ltd. Tanvir A. Mishuk, said, "I think this is not
only good news for Nagad but also for the entire Bangladesh, as it creates the possibility of a
massive change in the country's banking landscape. We believe it
will eventually play a transformative role for millions of people
in the country."
Inaugurated by Honourable Prime Minister Sheikh Hasina in 2019
as a mobile financial service, Nagad is now preparing to emerge as
the country's first digital bank in the middle of this year. Nagad
has already introduced some ground-breaking innovations, leading to
a transformation in the country's financial industry. Nagad also
hopes to continue to better serve its customers through its digital
bank.
About Nagad Ltd (https://www.nagad.com.bd/)
Nagad Limited is one of the leading MFS operators in
Bangladesh's payment industry with
90 million registered customers and an average daily transaction of
about USD 113 million. The digital
payment platform, known as a successful public-private partnership
between Bangladesh Postal Department and the private sector.
Contact:
Lincoln Md. Lutforzaman Sarker
Assistant Vice President (AVP),
Media and Communications, Nagad Limited.
Email: lincoln.lutforzaman@nagad.com.bd
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SOURCE Nagad Limited