upay, one of the fastest-growing mobile financial service providers in the country has signed an agreement with Pathao Limited to facilitate cash collection from ‘Pathao Courier Hub’ across the country.
Rezaul Hossain, Managing Director and CEO of upay, and Fahim Ahmed, CEO of Pathao Limited signed the agreement on Thursday (February 24, 2022) at upay head office in the city. Under the agreement, upay will provide cash collection solutions to Pathao Courier Service, a concern of Pathao Limited. upay will collect cash from 53 points of Pathao Courier service across the country.
Commenting on the agreement, upay Managing Director and CEO Rezaul Hossain said, “We are happy to provide the cash collection solutions to Pathao which will help them to manage their business efficiently by reducing hassle on cash management. We hope our partnership will grow further through this agreement.”
Commenting on this agreement, Fahim Ahmed, CEO of Pathao said, “This agreement offers a highly advanced, secure, and efficient platform to Pathao Courier. The agreement has paved the way for both Pathao Courier and upay to provide us the cash collection solutions in an efficient manner.”
Senior officials of both organizations were present during the signing ceremony.
upay, a subsidiary of United Commercial Bank, launched its operation in March 2021. Upay customers enjoy a range of services, including fund transfer, utility bill payment, merchant payment, airtime recharge, traffic-fine payment, Indian visa fee payment; receiving inward remittances, salary and government social safety net, and other value-added financial services. Since launching, the company has acquired around 50 lakhs customers. upay has more than one lakh agent points across the country.
Pathao is Bangladesh’s largest digital platform, and the market leader in ride-sharing, food delivery, and e-commerce logistics. Pathao has empowered millions of people by enabling income, employment, and improving lives. Pathao is determined to ensure safety and create opportunities for people at every socio-economic level and realize the vision of a Digital Bangladesh. Pathao is the first major ride-sharing platform in Bangladesh to be licensed by the government under the Ride Sharing Guidelines.
