upay, one of the fastest-growing mobile financial service providers in the country has won the ‘Fintech Innovation of the Year’ award in mobile money category, said a press release.
The award has been conferredto upay for its innovative multi-wallet feature enabling customers to make transaction at a lower cost from four different wallets in one upay account.
Sydul H Khandaker, Managing Director and Chief Executive Officer of upay received the award at the ‘Fintech Award 2021’ event organized by the Bangladesh Brand Forum at the Hotel Sheraton in the city on Saturday.
Multiple wallets include a common primary wallet, salary wallet, remittance wallet and disbursement wallet. Charges are less than Tk. 14 per Tk 1,000 fordifferent wallets and in cases it is free of cost.
upay is the mobile financial service brand of UCB Fintech Company Limed, a subsidiary of the United Commercial Bank. upay launched its operation on March 17, 2021. Since launching upay has gained 3 million registered customers. It has also 100,000 agent network across the country.
