NRB Bank partners with UCB's upay to expand digital financial services

The Dhaka-based lender joins forces with United Commercial Bank's fintech arm to broaden its digital footprint, continuing a series of strategic alliances aimed at enhancing customer offerings.

By Handelsavisen Newsroom · Automated 2026-07-21 17:02 UTC · 1 min read

NRB Bank PLC has entered into a strategic partnership with upay, the mobile financial service platform operated by UCB Fintech Company Limited.

The agreement, signed in Dhaka, is designed to expand access to digital financial services for NRB Bank's customers by leveraging upay's existing infrastructure and user base.

Shyamol B Das, managing director and CEO of UCB Fintech, and Tarek Reaz Khan, managing director and CEO of NRB Bank, formalized the deal.

The collaboration marks a significant step in the bank's digital transformation strategy, aiming to integrate mobile money capabilities more deeply into its retail and corporate banking offerings.

This move follows a pattern of strategic alliances for NRB Bank.

The lender recently partnered with Phyathai 2 Hospital Co Ltd, a leading healthcare institution in Bangkok, to provide healthcare privileges to its employees.