upay, PRAN sign MoU on employee salary disbursement

Mobile financial service provider upay signed an agreement with business conglomerate PRAN-RFL Group, to facilitate the disbursement of monthly salaries to employees of different factories of the conglomerate through upay. 

Besides, the upay customers will also be able to make payments while purchasing products from more than 1,800 outlets of Best Buy, VISION Electronics, Walker, Tasty Treat, Mithai, Daily Shopping, Regal Furniture, Othoba.com, owned by the business conglomerate.

Rezaul Hossain, Managing Director and Chief Executive Officer of upay, and Uzma Chowdhury, Chief Financial Officer of PRAN RFL group signed the agreement on behalf of their respective organization at a program held at a hotel in the city.  Senior officials of the both the organizations were present during the signing ceremony.

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.

The employees will receive the salary in their salary wallet, one of upay's multi-wallet features, and cash it out from any upay points at a 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.

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