Upay, UCB Investment to enable corporate payout solution

Mobile financial service provider upay and UCB Investment Limited have entered into an agreement to launch a comprehensive corporate payout solution, marking a significant milestone in advancing digital financial operations and driving greater efficiency in corporate payments.

Recently, at the agreement signing ceremony held at upay’s headquarters, Tanzim Alamgir, managing director and chief executive officer of UCB Investment Limited, and Shyamal B Das, chief executive officer of upay, were present. Senior officials from both organizations were also in attendance.

Under this partnership, upay will provide UCB Investment Limited with a secure, seamless, and efficient digital payout platform to facilitate a broad range of corporate disbursements, including payroll, vendor payments, operational expenses, and other organizational financial transactions.

The solution is designed to streamline fund disbursement processes, reduce administrative complexities, and deliver faster, more transparent, and convenient payment experiences for recipients.

Through this digital transformation initiative, UCB Investment Limited aims to further strengthen its operational efficiency and modernize its payout ecosystem.