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Payoneer and UPay

Payoneer and upay join forces for even better international payments

Richard ClaytonRichard Clayton
February 23, 2023

Great news for individual entrepreneurs and freelancers in Bangladesh!

Payoneer has partnered with local mobile payments wallet, upay, with a direct integration that lets you streamline your money management. Now you can connect your Payoneer account and your upay account in just a few simple steps, and withdraw funds directly into your upay wallet.

With the new integration, you can receive payments from international clients and customers, and then seamlessly use the money for in-store and online payments, mobile transactions, or to pay your utilities bills or top up your cellphone, all from your upay wallet.

How does the new upay Payoneer integration benefit me? 

We’re glad you asked! Here are some of the ways that the Payoneer and upay integration can help business owners, ecommerce sellers, and contractors in Bangladesh:

  • Transfer money from your Payoneer account to upay whenever you like, 24/7
  • Receive your money in real time, without any delays
  • Friction-free online or in-person transactions
  • Withdraw to cash at any upay agent or UCBL booth 

The minimum withdrawal amount is BDT 500 (or $5), and it’s free to withdraw at UCBL ATM booths. If you go to an agent, though, you’ll pay just 1% to cash out.


Why should I join Payoneer?

If you don’t already have a Payoneer account, here are some of the ways that it can help you scale your business: 

  • Get local account details in 10 currencies, including USD, GBP, AUD, and EUR, so your clients can pay you with a local transfer and you’ll get paid sooner. 
  • Save time and money on currency conversions with Payoneer’s competitive, market rate exchange rates
  • Make and receive payments through multiple payment methods, including credit/debit card payments, bank transfers, and internal free Payoneer to Payoneer payments

What’s more, if you have a upay account, you won’t need to provide any extra documents to open a Payoneer account, which makes it so much easier to join Payoneer. 

Open a Payoneer account today

Thousands of business owners, online sellers, professional contractors, and entrepreneurs around the world have already scaled their business and boosted their revenue thanks to Payoneer’s simple, low-cost international payments solution. Now Payoneer’s partnership with upay allows Bangladeshis to easily manage their funds, connect with clients, and grow their income. 

Register with Payoneer today or link your account and enjoy 1% cashback on any withdrawals made from your upay account!*

Grow your business globally with Payoneer’s international payments solution.

Enjoy more control over your money and how you spend it with Payoneer and upay. 

Learn more about upay and other special offers


*  Offer valid for 30 days after the launch of service on February 23rd 2023. More details here.
1% cashback is given by upay upon the successful withdrawal of funds from the Payoneer balance through the upay app during the campaign period of February 24th to March 23rd 2023.


The content provided in this article including any information relating to pricing, fees, and other charges is accurate and valid only as of the date it was published. In addition, changes in applicable regulations, policies, market conditions, or other relevant factors may impact the accuracy of the mentioned pricing and fees and other associated details. Accordingly, it is further clarified that any information regarding pricing, fees and other charges is subject to changes, and it is your responsibility to ensure you are viewing the most up to date content applicable to you. Payoneer will provide the most up to date and accurate information relating to pricing and fees as part of the account registration process. Registered customers can view this information via their online account.

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