Chhaya and Nagad Join Forces to Boost Financial Inclusion and Insurance Accessibility2 min read

In a landmark move to redefine the landscape of digital finance and insurance accessibility in Bangladesh, Chhaya Technologies Limited and Nagad Ltd. have announced a strategic partnership aimed at enhancing financial inclusion and delivering innovative insurance solutions to millions across the country.

Chhaya, renowned for its forward-thinking approach to insurance services, has teamed up with Nagad, the country’s fastest-growing unicorn and a leading mobile financial service provider. This partnership marks a significant milestone in both companies’ missions to democratize access to financial services.

The collaboration is poised to revolutionize the way individuals manage their insurance needs. Nagad’s vast customer base of 95 million will benefit from seamless online payment options facilitated by Chhaya. Through this integration, Chhaya’s cutting-edge insurance services will be directly accessible within the Nagad app, offering users unparalleled convenience and accessibility.

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“We are excited to partner with Nagad to drive financial inclusion and ensure security for individuals across Bangladesh,” remarked Saiful Islam Mozumder, co-founder and chief operating officer of Chhaya Technologies Limited. “By integrating our services into the Nagad platform, we are making essential insurance products more accessible and user-friendly than ever before.”

Echoing this sentiment, Maruful Islam Jhalak, executive director of Nagad Ltd., stated, “This partnership with Chhaya is a significant step forward in our mission to provide comprehensive financial solutions to our users. By offering Chhaya’s innovative insurance services through the Nagad app, we are not only expanding our service portfolio but also ensuring that our customers have easy access to critical insurance products. This collaboration underscores our commitment to leveraging technology to improve the financial well-being of our users.”

The partnership underscores a shared commitment to harnessing technology to empower individuals with financial literacy and security. Both Chhaya and Nagad express gratitude to all parties involved in making this collaboration a reality and are eager to embark on this journey of mutual growth and innovation. Md. Bayezid, Head of Financial Institutions at Nagad Ltd., and Md. Masud Reza, Head of Partnership Management at Chhaya Technologies Limited, was also in attendance at the agreement signing ceremony.

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