Mobile financial services provider upay Thursday signed an agreement with business conglomerate Pran-RFL Group to make salary disbursement and merchant payment easier.
Also, the upay customers will be able to make payments while buying products from more than 1,800 outlets of Pran-RFL Group's Best Buy, Vision Electronics, Walker, Tasty Treat, Mithai, Daily Shopping, Regal Furniture, and Othoba.com.
"We are very happy that Pran-RFL Group has chosen upay to disburse the salary of their factory employees and accept payments at the retail outlets of various brands owned by the group," said Rezaul Hossain, managing director and CEO of upay.
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Uzma Chowdhury, chief financial officer of Pran-RFL, said: "We have chosen upay as they have some unique features which will be beneficial to our employees.
After receiving salary in their upay salary wallet, Pran-RFL employees can cash out the money from upay points at a reduced rate.
Upay account has a unique multi-wallet feature which includes a primary wallet, salary wallet, remittance wallet, and disbursement wallet.
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Upay, a subsidiary of United Commercial Bank, was launched in March 2021.