Mobile financial service provider upay has signed a strategic agreement with Opus Technology Limited to expand digital savings and other technology-enabled financial services, seeking to broaden its offerings beyond payments and improve access to formal financial services across Bangladesh.
The partnership will allow upay, operated by UCB Fintech Company Limited, to use Opus Technology’s technological capabilities to develop and deliver new financial products, making digital services more accessible and convenient for customers, the company said in a press release on Wednesday.
UCB Fintech Company Limited Managing Director and Chief Executive Officer Shyamol B Das and Opus Technology Limited Managing Director and Chief Executive Officer Engr Md Jafar Iqbal signed the agreement on behalf of their respective organisations.
The collaboration is expected to support the expansion of digital savings products and other technology-driven financial services as upay seeks to strengthen its digital financial ecosystem.
The initiative also aims to bring more people into the formal financial system by extending access to services beyond conventional digital payments.
Upay said the partnership reflected its commitment to developing an inclusive financial ecosystem through technology, with a focus on product innovation and greater customer accessibility.
Mohammad Mamun Reza Khan, Head of Product and Technology, and Md Mahmudul Hasan, Deputy General Manager, Strategy, witnessed the signing on behalf of upay.
Opus Technology was represented by its Chief Technology Officer Md Bayasuzzaman Bhuian and Chief Financial Officer Md Rashedul Islam as witnesses.
Other senior officials from both organisations also attended the ceremony.
Upay, a concern of United Commercial Bank, is a Bangladesh Bank-regulated mobile financial services provider offering digital financial services through its mobile application and nationwide network.
