UCB signs MoU with DGePay to drive digital banking forward

United Commercial Bank (UCB) PLC recently signed a memorandum of understanding (MoU) with DGePay, a leading payment gateway service provider and a concern of Dipon Group.

Md Abdullah Al Mamoon, deputy managing director and chief operating officer of the bank, and Rashed Mahmud, chief executive officer of Dipon Group, signed the MoU at the bank's corporate office in Dhaka, according to a press release.

The collaboration will facilitate advanced payment gateway services, enabling smoother and more secure digital transactions for UCB customers.

Notably, UCB's payment gateway is already processing online ticket purchases for major events such as the Bangladesh Premier League and the Dhaka International Trade Fair.

Additionally, the integration of UPAY further enhances the platform's versatility and user convenience.

The strategic alliance between UCB and DGePay is expected to set new benchmarks in the digital payment landscape, fostering financial inclusion and empowering customers with cutting-edge banking solutions, the press release added.

Zeeshan Kingshuk Huq, chief communication officer of the bank, along with other senior officials from both organisations, was also present.