Md. Shafayet Alam has taken over as the Chief Executive Officer (CEO) of Nagad Ltd. He assumed the role on Monday (12 May 2025). Upon taking charge, he pledged to further expand Nagad’s services in keeping with customers’ changing needs.
With nearly three decades of experience, Md. Shafayet Alam has worked in key positions at several renowned international and top-tier local organizations. His expertise spans multiple sectors, including electrical and electronics, telecommunications, information technology, and digital financial services.
Md. Shafayet Alam has been associated with Nagad since before its commercial launch in 2019. Over the past seven years, he has held several crucial top-level positions within this organization. Now, as the CEO, he has expressed his commitment to elevate the mobile money company to new heights.
A postgraduate in Business Administration from a reputed university, Md. Shafayet Alam has received international recognition for his exemplary leadership in Bangladesh’s economic sector. In 2022, the UK-based economy journal, Business Tabloid, honored him as a “Visionary Leader in Digital Finance” for exhibiting strategic, sustainable, and visionary initiatives in his field of work.
Operating under a revenue-sharing agreement with the Bangladesh Postal Department, Nagad currently serves over 8 crore customers. Its network of more than 300,000 Uddokta points across the country, according to a press release.
As the new CEO, Md. Shafayat Alam has pledged to further enhance these positive aspects of user experiences.
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