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To offer convenience to its users, Ufone has launched UPaisa – a branchless banking service. This service was launched in 2013 in collaboration with U Microfinance Bank Ltd. Ufone’s UPaisa provides financial services to people living in urban as well as in remote areas. You can easily conduct financial transactions via UPaisa’s mobile account or any UPaisa shop.
Here is how you can avail this branchless banking facility offered by Ufone and can open your UPaisa Mobile Account.
There are different types of UPaisa accounts. Depending on the type of account, UPaisa money transfer charges are applied. UPaisa’s list of charges is mentioned below:
|Account Type||Slab Start||Slab End||Bank Charges||FED (16%)||Total Fee*|
|Mobile Account to Mobile Account||1||25,000||1.08% of Amount||0.17% of Transaction Amount||1.25% of Transaction Amount|
|Account Type||Slab Start||Slab End||Total Fee*|
Mobile Account to Person (CNIC)
Person to Person (CNIC to CNIC)
Person (CNIC) to UPaisa Mobile Account
You can easily get UPaisa mobile account either by dialing *60# or by visiting the following locations. Make sure that you carry your CNIC along with you while visiting these locations:
To open a UPaisa account, you should have a valid CNIC and a valid Ufone SIM. After presenting your valid documents, you will have to fill an account opening form and your picture will be taken. Your signature and thumb impression will be recorded on your account opening form. Within four hours, your UPaisa mobile account will be activated. Dialing *786# will help you access your UPaisa Mobile Account.
Ufone has also launched UPaisa app for the convenience of its customers. With UPaisa’s android app, users can log in to their accounts from their mobile to send or receive money.
There are various benefits of UPaisa mobile account, like sending / receiving money, paying utility bills and more. The company also offers UPaisa Debit Card through which you can withdraw money, pay at stores, restaurants, fuel stations etc. UPaisa Debit Card’s charges are mentioned below:
|Card Issuance Charges||Rs. 150|
|Cash Withdrawal||1-Link Rs. 15
M-Net Rs. 15
|Balance Inquiry||Rs. 0|
|IBFT||Rs. 50 + tax|
UPaisa shops are located in almost all cities of Pakistan. To find out your nearest UPaisa shop, click here.