Thursday, 7 July, 2022

Pran Group to use upay solution

  • Staff Correspondent
  • 24 June, 2022 12:00 AM
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Pran Group to use upay solution

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Pran Group will use the solutions of mobile financial service – upay to disburse salaries of employees and to receive payment at retail outlets across the country.

The upay Managing Director Rezaul Hossain and Pran Group Chief Financial Officer Uzma Chowdhury signed the agreement on behalf of their respective sides at a programme at a city hotel on Thursday.

The partnership will help the payment services across 1,800 of Best Buy, VISION Electronics, Walker, Tasty Treat, Mithai, Daily Shopping, Regal Furniture,, owned by the business conglomerate Pran.

At the singing function, Rezaul Hossain said the mobile financial service has been contributing to inclusion as a fundamental issue over the years.

“The practice of digital payment is increasing day by day towards a cashless society. And we will grow together with the industrial conglomerate like Pran Group,” he said.

Pran Group Chief Financial Officer Uzma Chowdhury said the company is adopting the digital transaction as Prime Minister Sheikh Hasina shows a dream of Digital Bangladesh to the nation.

“We have reduced the hassle of salary disbursement significantly using the mobile banking. In this way, a new partner (upay) added to our services,” she said.

After receiving salary in their upay salary wallet, PRAN-RFL employees can cash out the money from any upay points across the country at a reduced rate.

upay account has a unique multi-wallet feature which includes a primary wallet, salary wallet, remittance wallet, and disbursement wallet. The employees will receive the salary in their salary wallet and cash it out from any upay points at reduced cash out charge.

They can also use the money in their upay account to enjoy a wide range of financial services like fund transfer, mobile recharge, utility bill payment, merchant payment, etc.

The upay, a subsidiary of United Commercial Bank, launched its operation in March 2021.