Grameenphone has collaborated with Upay, an emerging digital financial service provider and a subsidiary of United Commercial Bank Limited.
The signing ceremony took place on Thursday at The Renaissance Hotel Dhaka, said a press release.
Through the partnership, Grameenphone will provide innovative data solutions which will allow Upay users to use the application without any internet charge.
Moreover, customers will enjoy extra data of 500MB and up to Tk50 cash reward when registering with Upay using Grameenphone numbers.
“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 digitalization nationwide. As of May 2021, 30-35% of financial transactions were carried out through digital platforms,” said Kazi Mahboob Hassan, chief business officer, Grameenphone.
“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 help the users to continue conducting cashless payments conveniently,” he added.
Sydul H Khandaker, managing director and CEO of Upay, said, “We are very excited to be partnering with Grameenphone 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 pain point of customers. Sometimes users want to conduct transactions through the app, but either the data package has expired, or the customer may not have a subscription to any data packs to use the app. This offer will bring a delightful experience for our customers as they will now be able to use the upay app without any data charge.”
“This is the beginning of our collaboration with 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 continued.
The partnership was signed by Kazi Mahboob Hassan, chief business officer of Grameenphone, and Sydul H Khandaker, managing director and CEO of Upay.
Other high officials present during the event were Md. Nasar Yusuf, director head of prime accounts, business of Grameenphone; ATM Tahmiduzzaman, member, board of directors, United Fintech Company Limited (Upay); Md. Nur-E-Alam Siddiquee, chief financial officer; Ziaur Rahman, chief strategy officer; and Mahbubur Rahman, chief market development officer of Upay.
