Fashol Dotcom to disburse employee salary through upay

upay, a fast-growing mobile financial service provider in the country, signed an agreement recently with Fashol Dotcom Limited, creating a supply chain network that will enable the company to disburse monthly salaries to their employees through upay.

Chief Sales & Service Officer of upay, Emon Kalyan Dutta, and Director & Chief Operating Officer of Fashol, Mamunur Rashid, signed the agreement on behalf of their respective organizations.

After receiving salary in their upay salary wallet, Fashol employees can cash out the money from any upay agent points across the country. 

upay account has a unique multi-wallet feature which includes a primary wallet, salary wallet, remittance wallet, and disbursement wallet. The employees will receive the salary in their salary wallet and cash it out from any agent points with a cash out fee. Besides, they can also withdraw the money stored in their salary wallet at a UCB-owned ATM free of cost.

Moreover, after receiving the salary in the upay account, employees of Fashol Dotcom can avail a wide range of 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. Since its launching, the company has acquired around 50 lakhs customers. upay has more than one lakh agent points across
the country.