‘Upay’ the mobile banking subsidiary of United Commercial Bank is going to cash out ATM booths at a cost of only Tk 8 per thousand. This is the lowest rate in the market for mobile banking including government tax and VAT.
From UCBL’s 500 ATM booths across the country, its customers will be able to withdraw money stored in their accounts using the ‘Upay’ App.
Saidul Haque Khandaker, Managing Director of Upay, said, “Upay has come up with a variety of products within a short period of its launch, most of which we are offering at the lowest market prices. One of them is the cost of withdrawing money from ATMs.
Saidul Khandaker further said that the agent point is also giving way to cash out facility at the lowest cost. USSD users can cash out from Agent Point for only Tk 14 per thousand.
After launching on March 17, It has in the meantime, developed a nationwide agent and merchant network. The means can be used for mobile money transactions, utility bill payments, payment of purchases, remittances, salaries, airtime purchases, various government allowances, Indian visa fees, traffic fines and Titas Gas (pre-paid) bills.
Customer safety has been given utmost importance in the design of the ‘Upay’ platform. The platform built on the latest blockchain technology is free from these types of security risks.
