uabpay review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
uabpay suits travelers who want an easy-access passbook savings account with no monthly cost and a variable rate of 9% to 10.5%. It holds 3 currencies, runs under a e money licence, and backs deposits with EU DGS up to EUR 100,000, which suits readers who value access over currency breadth.
Key facts
- Best for
- Travelers wanting a low-cost, easy-access savings account with a variable rate.
- Monthly fee
- MMK 0↗
- Licence type
- E money↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Currencies
- 3↗
- Transfer fee
- CBM Net Transfer (CCT) outward up to MMK 30m: 3,000 MMK; above MMK 30m: 0.01%; uab-to-uab fund transfer: USD 2↗
- Legal entity
- UAB "NS Pay"↗
- Headquarters
- Lithuania↗
- Founded
- 2010↗
- Support channels
- Phone, Help-centre, Email↗
- Audience
- Travelers
- Pricing model
- No monthly fee
- Features
- Joint account, Free ATM withdrawals
- Official website
- uab.com.mm
Savings
Money transfer
Facts checked September 26, 2026, 5 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- appgallery.huawei.com
Pros and cons
Pros
- No monthly fee of MMK 0 on the savings account
- A variable 9% to 10.5% rate on an easy-access passbook account
- Free ATM cash withdrawals at any uab or MPU machine, plus joint-account options
- Backed by EU DGS up to EUR 100,000 under a e money licence
Cons
- Only 3 currencies, well below the multi-currency median of 5
- Saving starts at a MMK 10,000 minimum deposit, against a median of €0
- Support runs on phone, help centre and email only, and live chat and community forums are not among its support channels (phone, help centre and email)
Who it suits
- Travelers holding a few currencies who want simple access to savings
- Joint-account holders who need a shared passbook account
- People looking for a variable-rate account with no monthly charge
Who should look elsewhere
- Readers wanting a wide currency list, where the multi-currency group median is 5
- Savers who want to start below a MMK 10,000 minimum
- Anyone preferring a bank licence, since this one is e money
How uabpay compares
8.8 vs 8.7
8.8 vs 8.6
8.8 vs 8.0
8.8 vs 8.9
8.8 vs 9.1
8.8 vs 9.2
8.8 vs 8.7
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8.8 vs 8.7
8.8 vs 9.0Skrill also charges a monthly fee of €0 and suits readers who prefer a wallet rather than a passbook savings account.
8.8 vs 8.7
8.8 vs 9.5
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8.8 vs 9.3
8.8 vs 9.2
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8.8 vs 9.0
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8.8 vs 8.1- 8.8 vs 8.1
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Where uabpay is available
- Available
- Lithuania, Myanmar
- Licence in Lithuania
- LT_BL (PSD_EMI 305652931), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does uabpay charge each month?+
The savings account carries a monthly fee of MMK 0, so there is no recurring cost to hold it. Account access also stays free, with balance checks through the mobile application and online banking. Help is available by phone, help centre and email.
Is my money protected, and who regulates uabpay?+
The provider operates as UAB "NS Pay" under a e money licence, registered with LT_BL in Lithuania. Deposits are covered by EU DGS up to EUR 100,000. The licence is listed as PSD_EMI 305652931.
What interest does the savings account pay?+
The account pays a variable rate, and the headline rate is 9% to 10.5%. Because the rate is variable rather than fixed, it can move over the life of the account. It is the most common rate type in the savings group, with 79% share.
How much do I need to open the account?+
The minimum deposit is MMK 10,000, which is a real barrier for small savers. The everyday-accounts median minimum deposit is €0, so check whether the threshold fits your balance before opening.
How many currencies can I hold?+
The account supports 3 currencies. That is modest next to the multi-currency group, where the median is 5 and the upper quartile reaches 13. Travelers with many currencies to juggle may prefer a wider account.
Can I get cash out of the account?+
Yes. It is a passbook account with cash withdrawals at any uab or MPU ATM, and the free-atm feature applies. Money transfer services also offer cash pickup, with Cash withdrawal within a short time for recipients collecting the payout.
What does it cost to send money?+
Sending money is charged, and the price depends on the rail and the amount. Outward payments over the CBM network switch to a percentage rate above a set cap, and moving money between uab accounts costs a flat fee. Recipients can collect as cash pickup.
Who is this account built for?+
The stated audience is travelers, and the account kind is easy access, so it suits short stays rather than long-term wealth. Joint accounts are available, which helps couples or families keep one balance. The provider also operates in Myanmar and Lithuania.
Sources
- euclid.eba.europa.eu/register/downloads/PSDMD/20260926/do... checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licence type, Licences
“EntityCode=305652931; EntityType=PSD_EMI; ENT_NAM=UAB "NS Pay"”
- uab.com.mm checked September 26, 2026
Backs: Audience
“This service is tailored for the sale of USD, EUR, and SGD banknotes, catering to individuals traveling with work or school visas, those visiting for medical appointments, attendees of meetings, and...”
- uab.com.mm/faqs checked September 26, 2026
Backs: Currencies, Founded, Support channels
“Account can be opened in 3 types of foreign currencies - USD - SGD - EUR”
- uab.com.mm/pdfs/Fees_&_Charges/2026_August_05_Fees_and_Ch... checked September 26, 2026
Backs: Pricing model, Monthly fee, Transfer fee
“1. Current Account - Account maintenance fees Free of Charge (FOC)”
- uab.com.mm/personal/deposits/savings-account checked September 26, 2026
Backs: Access terms, Account kind, Features, Headline rate, Minimum deposit, Rate type
“Can transfer money from one account to another, and access account balance is available through mobile application, online banking.”
- uab.com.mm/personal/fund-transfers/western-union-ria-and-... checked September 26, 2026
Backs: Delivery time, Payout methods
“International Money Transfer Services: "Withdraw cash within a short time"”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee.
Related by the facts
uabpay
Travelers wanting a low-cost, easy-access savings account with a variable rate.