upay cuts cash-out charge to Tk11.99 per thousand

Mobile financial service provider upay has set its cash-out charge at Tk11.99 per thousand under a promotional campaign, offering customers a lower-cost option for withdrawing money.
The offer is available under its “Kom er Cheyeo Kom – Unmadonar Unmad” campaign, according to a press release.
Operated by UCB Fintech Company Limited, upay also offers zero cash-out charges for funds added to accounts through the National Payment Switch Bangladesh (NPSB) and withdrawals made through UCB ATMs. Its Send Money service is also free, while other fund transfer services carry competitive charges.
The campaign is part of upay’s efforts to reduce transaction costs and encourage wider use of digital financial services in Bangladesh.