Mobile phone operator Grameenphone has collaborated with upay, an emerging digital financial service provider and a subsidiary of United Commercial Bank Limited, to facilitate users making cashless transactions.
A deal in this regard was signed by Chief Business Officer of Grameenphone, Kazi Mahboob Hassan, and Managing Director and CEO of upay, Sydul H Khandaker, at The Renaissance Hotel Dhaka on June 24.
Grameenphone will provide innovative data solutions which will allow upay users to use the application without internet charge. Moreover, when users register to the apps by using Grameenphone numbers, they will enjoy extra data of 500MB and up to Tk50 cash reward.
Chief Business Officer of Grameenphone, Kazi Mahboob Hassan, on the occasion said, “Most people nowadays feel safe conducting financial transactions through digital means as they are hesitant to handle bills as Covid-19 survives on surfaces. The transformation from cash to cashless transactions boosted digital payments, strengthening the penetration of digitalisation nationwide.”
“As of May 2021, 30-35 per cent financial transactions were carried out through digital platforms. The trend of cashless payments is putting pressure on all financial organisations, including MFS. And these organisations need to have access to innovative resources and solutions to tackle the increased number of digital payments,” he said.
“As a responsible company with the aim of connecting people to matter the most, we are pleased to collaborate with Upay and provide our innovative service to them. We hope that our innovative solution will strengthen Upay infrastructure alongside helping users to continue conducting cashless payments conveniently,” he added.
Managing Director and CEO of upay, Sydul H Khandaker, said, “We are very excited to be partnering with Grameephone to bring this innovative offer for our customers on the GP network. Through this initiative, the first of its kind in Bangladesh, we have addressed a long-standing distress of customers. Sometimes, the users want to conduct transactions through the app, but either the data package is expired, or the customer may don’t have a subscription to any data packs to use the app.”
“This offer will bring a delightful experience for our customers as they can now able to use the upay app without any data charge. This is the beginning of our collaboration with the Grameenphone. We strongly believe that this collaboration will continue and bring further benefits to the customers and contribute in terms of socio-economic development of the country,” he added.
The upay application is available through Google Play Store.
