Business

PRAN-RFL signs deal with Upay for salary payment


Published : 25 Jun 2022 07:37 PM | Updated : 25 Jun 2022 07:37 PM

Mobile financial service provider, upay struck a deal with PRAN-RFL Group to disburse monthly salaries of their employees.

  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 in a city hotel on Friday. Rezaul Hossain said they hoped PRAN employees receiving their salaries in upay accounts will enjoy various hassle free financial services offered by upay.

Uzma Chowdhury said they have chosen upay as they have some unique features which will be beneficial to our employees.

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

upay customers enjoy a range of services, including fund transfer, utility bill payment, merchant payment, airtime recharge, traffic-fine payment, Indian visa fee payment, receiving inward remittances, salary and government social safety net, and other value-added financial services.