Cryptiqo

Financial Technology Blog

Nagad is one of the most widely used and inexpensive payment options in Bangladesh. The fintech business “DASNEK SR PRIVATE LIMITED” owns the trademark Nagad Payment. For both B2B and B2C clients, it offers comprehensive financial technology and services. Aadhaar Enabled Payment System (AEPS), Aadhaar Pay, Micro ATM (MATM) based debit-cumulative ATM card transactions, Micro Point of Sale (MPoS) based cash withdrawal transactions, Domestic Money Transfer (DMT), Recharge (Mobile, DTH/D2H), Postpaid Mobile Bill Payment, Utilities Bill Payment through Bharat Billpay Payment System (BBPS), Insurance Selling and renewal, PAN Card Creation (New and Renewed), and P (CMS).

Options on the Nagad payment gateway

These options are available on Nagad:

  • Integrated through API with your e-commerce or service platform.
  • Uses all techniques needed to become a recognized trader.
  • Composed in typescript.
  • Get IntelliSense while working with the vscode library.
  • Able to Access documentation and examples directly from your viscose code editor.
  • Download Nagad Response Intellisense.
  • To query the payment, abort the request if an executed payment request takes more than 30 seconds and generates an error.
  • When an error response from Nagad is in process, get Human Readable exceptions.
  • The advantages of the Nagad payment gateway.
  • Adapt the construction of the payment link.
  • Creation of the auto payment link with the digital invoice.
  • A separate payment ID is assigned to each transaction.
  • Search operation.
  • Refunding of money.
  • The transaction dashboard.
  • Real-time money transfers should be made to recipients.
  • Obtain a server notice for each transaction.
  • Pre-approval to set aside money in advance for subsequent deduction after service confirmation.
  • For regular payments, use standing orders (collect fees).

Services

Nagad provides the following services:

Aeps

With the Aadhaar Enabled Payment System (AePS), a business may accept payments from clients of any bank.

PAN Card

A laminated “PAN card” with 10 characters of alphanumeric identification known as a permanent account number is given out.

Transfer of Funds

Cashless payment methods or systems often referred to as money transfers are available on Nagad.

Pay bills

Customers may pay their invoices online using a safe electronic service, eliminating the need to write and send cheques.

Recharging a phone

An ASP.NET-developed online application called Mobile Recharge was created by Nagad to recharge mobile phones.

Opening an account

Nagad may be used to create an online savings account with SBI.