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Upay Reaches 1 Million Users
Major milestone for the mobile financial platform.
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Company Overview
About Upay
Upay Welcast is the mobile financial services platform of Welcast Group, offering digital payment solutions, mobile banking, and financial technology services. The platform enables cashless transactions and digital financial management. With 1M+ active users and 50,000+ merchant partners, Upay is driving Bangladesh's transition to a cashless economy.
Upay Welcast is the mobile financial services platform of Welcast Group, offering digital payment solutions, mobile banking, and financial technology services. The platform enables cashless transactions and digital financial management. With 1M+ active users and 50,000+ merchant partners, Upay is driving Bangladesh's transition to a cashless economy.
Mobile Financial ServicesDigital PaymentsFintech
Established
2020
Headquarters
Dhaka
Leadership
2 Executives
Industry
Financial Services
Operations
National
Status
Active
Our Story
Upay's Journey
Launched in 2020, Upay Welcast was created to capitalize on Bangladesh's rapidly growing digital payments market. The platform has quickly gained traction among urban and rural users alike, achieving 99.99% transaction success rate.
Upay Welcast is the mobile financial services platform of Welcast Group, offering digital payment solutions, mobile banking, and financial technology services. The platform enables cashless transactions and digital financial management. With 1M+ active users and 50,000+ merchant partners, Upay is driving Bangladesh's transition to a cashless economy.
“To provide secure, convenient, and innovative digital payment solutions that simplify financial transactions for everyone.”
Our Mission
6
Years of Operation
3
Certifications
Our Journey
History & Milestones
Key moments that shaped Upay's story.
2020
App Launch
Upay mobile financial services platform launched.
20
2020
App Launch
Upay mobile financial services platform launched.
2021
2021
100K Users
Crossed 100,000 active users.
21
2021
100K Users
Crossed 100,000 active users.
2022
2022
Merchant Growth
Expanded to 25,000+ merchant partners.
22
2022
Merchant Growth
Expanded to 25,000+ merchant partners.
2023
2023
1M Users
Reached 1 million active users milestone.
23
2023
1M Users
Reached 1 million active users milestone.
Purpose & Direction
Mission & Vision
The principles that guide Upay's path forward.
Our Mission
To provide secure, convenient, and innovative digital payment solutions that simplify financial transactions for everyone.
Our Vision
To be Bangladesh's leading mobile financial service provider, driving the transition to a cashless economy.
What We Do
Our Services
Comprehensive financial services solutions from Upay.
Mobile Payments
Send and receive money instantly through your mobile phone.
Money Transfers
Transfer money to any bank account or mobile wallet in Bangladesh.
Bill Payments
Pay utility bills, subscriptions, and services directly from the app.
Merchant Solutions
Accept digital payments at your business with Upay merchant tools.
Digital Wallet
Manage your finances with a secure digital wallet.
Our Products
Product Portfolio
Explore the products and solutions offered by Upay.
Mobile Wallet
Feature-rich digital wallet for everyday transactions.
- Instant Transfers
- Bill Pay
- Savings
Merchant Payment Gateway
Accept payments at your business with low fees.
- QR Payments
- POS Integration
- Analytics
Corporate Payment Solutions
Bulk payment and payroll solutions for businesses.
- Bulk Payroll
- Vendor Payments
- Reporting
Featured Projects
Our Projects
Key projects and initiatives by Upay.
Ongoing2025
Nationwide Merchant Network
Expanding merchant network to 100,000+ locations.
Nationwide
Upcoming2024
Cross-border Payments
Enabling international remittance through digital platform.
International
Industries
Industries We Serve
Trusted across diverse sectors by organizations throughout Bangladesh.
Financial Services
Retail
E-commerce
Utilities
Gallery
Visual Showcase
Explore Upay's facilities, operations, and milestones.
Mobile app interface
Merchant network
Leadership
Our Team
Meet the leaders driving Upay's vision and success.
CEO
Chief Executive Officer
Fintech visionary with experience building digital financial platforms across South Asia.
CTO
Chief Technology Officer
Technology leader specializing in secure mobile payment systems and fintech architecture.
Recognition
Awards & Certifications
Recognized for excellence in financial services.
Awards
Best Fintech Platform
Digital Finance Awards2023
Certifications
PCI DSS Compliant
Bangladesh Bank Licensed
ISO 27001
Partnerships
Clients & Partners
Trusted by leading organizations across financial services.
Individual Users
Merchants
Corporate Clients
Government
Strategic Partners
bKash
Nagad
Rocket
All Major Banks
“Upay has made digital payments so simple. My customers love the convenience.”
Merchant Owner
at Dhaka
Locations
Our Offices
Find Upay at our offices across Bangladesh.
Head Office
Upay HQ
Upay Welcast Office, Level 12, Gulshan, Dhaka
24/7 Digital Services
Get in Touch
Contact Us
Reach out to Upay for inquiries, partnerships, or support.
Contact Information
+8801841515153upay@welcastgroupbd.comhttps://welcastgroupbd.com
24/7 Digital Services
Upay Welcast Office, Level 12, Gulshan, Dhaka
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FAQ
Frequently Asked Questions
Find answers to common questions about Upay.
Download the Upay app, register with your mobile number, and complete KYC verification to start using digital payments.
Yes, Upay uses bank-grade encryption and is PCI DSS compliant, ensuring your transactions are always secure.
Latest Updates
News & Updates
Stay updated with the latest from Upay.
Resources
Downloads
Access Upay's resources, brochures, and documentation.
Upay App
Download the Upay mobile app for Android and iOS
Merchant Guide
Guide for businesses to accept Upay payments
Explore More
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Other companies in the Financial Services sector and related industries.