LankaBangla Finance has recently signed an agreement with Nagad to launch its digital sales window for marginal people.

Under the agreement, LankaBangla will provide deposit pension scheme facility, credit card, and loan applications through Nagad in urban and remote areas, LankaBangla said in a statement today.

Khwaja Shahriar, managing director and CEO of LankaBangla Finance Limited, and Rahel Ahmed, CEO of Nagad, signed an agreement in this regard at LankaBangla's corporate head office in Dhaka.

"LankaBangla always focuses on financial innovation and works relentlessly to provide customised financial products to our customers," Lankabangla Finance's managing director said.

"Digital Banking is changing the financial landscape in the country. We believe this new vertical will play a pivotal role in developing women entrepreneurs and marginal people in urban and rural areas."

"Now with the help of Nagad, we can reach 6.5 crores of Nagad users in any area of Bangladesh," he said.

"Nagad is the first mobile financial service that has designed all of its services focusing on easing the life of its users irrespectively the urban and rural areas," said Rahel Ahmed, CEO of Nagad Limited.

Bangladesh is heading towards becoming a developing country and now people need access to all financial services sitting anywhere in the country, he said.

The digital sales window will also tremendously boost people's adoption of digital financial services and ensure financial inclusion of more marginal people, he said.

AKM Kamruzzaman, head of operations of LankaBangla Finance; Khurshed Alam, head of retail business; Md Kamruzzaman Khan, head of SME, and Sheik Mohammad Fuad, head of ICT, attended the signing ceremony along with Md Shihab Uddin Chowdhury, CSO of Nagad; Md Saidur Rahman Dipu, head of business sales; Md Bayezid, head of insurance and NBFI.