STAFF REPORT IBD: Mobile services provider, Ufone, in partnership with financial services provider BHL, has launched a service for corporate customers. Dubbed UPayments Business to Business (B2B), the service allows corporate users to carry out a range of financial transactions via the UPayments platform.
In the initial phase, 90 Ufone franchises will use this service for their daily payments. The registration process requires both Ufone and the franchise to have an account in the partner bank, i.e. HBL, and the franchise representative can register a mobile number on the UPayments service.
Once this process is complete, transactions can be made using a separate USSD code for corporate payments.