Upay to offer lowest ATM cash out charge

Published : 12 May 2021, 17:42


Upay will offer its customers the lowest cash charge for withdrawing money from ATM booths. The charge will be Tk 8 for every Tk 1000 withdrawn, inclusive of tax and VAT. Upay is the subsidiary of United Commercial Bank (UCB), providing mobile financial services.

The Upay customers will be able to withdraw money at more than 500 ATMs of UCB across the country by using their Upay app that can be downloaded from the Google Playstore or the Upay website.

Sydul Haque Khandaker, Managing Director of Upay said, “Upay has already established its footprint in the MFS sector within a short time by offering the lowest fee for most of the MFS services including ATM cash withdrawal.”

Upay products include mobile transactions, utility bill payments, merchant payments, inward remittance, airtime recharge, and disbursements of salary, and various government social safety net allowances.

Besides, Upay offers some unique services exclusively available for Upay customers, including payment of traffic prosecution fines, Indian visa fee payment, and gas (prepaid) bill payment- all types of bill payments free of charge.

Built on state-of-the-art blockchain technology, the Upay platform also ensures a greater sense of security and confidence to customers.

The MFS subsidiary of UCB launched its operation on March 17, 2021, covering all the districts and Upazilas in Bangladesh.

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