Rezaul Hossain, new MD and CEO of upay

Rezaul Hossain has been appointed as the managing director and chief executive officer of mobile financial services provider UCB Fintech Company or upay.

UCB Fintech, a subsidiary of United Commercial Bank, has been providing mobile financial services under the brand name of 'upay'.

A veteran in the telecoms and mobile financial service industry, Hossain brings in more than 26 years of leadership experience in sales, marketing, products, and distributions while working for many top local and multinational companies, including Grameenphone, Citycell, Airtel and bKash, said a press release.

Before joining upay, Rezaul was involved with several enterprises, including 'Nagad', a Bangladesh Post Office backed digital financial service startup, according to the press release.

Anisuzzaman Chowdhury, chairman of the Board of Directors of UCB Fintech Company Limited, said, "The board is delighted to welcome Rezaul Hossain to upay and we look forward to standing beside him to bring upay to a different height."

"I am happy to join upay. Despite a new financial service brand, I believe upay has a huge potential to disrupt the market," said Rezaul Hossain.

"As I have a long vision for the advancement of the country's financial technology sector, I would like to dedicate my experience, expertise and industry knowledge to help upay grow and reach its full potential through bringing delightful experiences to our customers."

Upay launched its commercial operation in March 2021 and the company has acquired around 40 lakhs customers and over one lakh agent points across the country.