Bangladesh, July 28 -- upay, the mobile financial service (MFS) of UCB Fintech Company Limited, a subsidiary of United Commercial Bank PLC (UCB) and Daffodil Group have signed a strategic Memorandum of Understanding (MoU) to expand digital payment acceptance and promote seamless cashless transactions across the Daffodil Group ecosystem.

The MoU was signed recently at the UCB Headquarters in Dhaka, marking a significant milestone in the shared commitment of both organisations to accelerate digital transformation and enhance financial inclusion in Bangladesh, according to a press release.

Under the partnership, upay's secure and innovative mobile financial services will be integrated into Daffodil Group's extensive education and corporat...