Mobile financial service provider upay has signed an agreement with Falcon Group to facilitate the monthly salary disbursement of the group. Sydul H Khandker, managing director and CEO of upay, and Mahtab Uddin Ahmed Chowdhury, chairman and managing director of Falcon Group, signed the agreement in the capital, read a press release issued Wednesday. Upay, a subsidiary of United Commercial Bank, launched its operation in March 2021 to provide mobile financial services to people from all walks of life. Read Digital Currency: Benefits and Risks of the Cashless Economy in Bangladesh.