An electronic device comprising: a wireless communication circuitry configured to support ultra-wideband, UWB, communication; and a processor configured to: perform a ranging operation to identify a distance between the electronic device and an external electronic device using the wireless communication circuitry; determine whether the external electronic device is positioned within a specified distance from the electronic device based on the ranging operation; and based on the external electronic device being positioned within the specified distance, transmit a UWB signal including a MAC payload to the external electronic device; wherein the MAC payload includes a multiplexed information element, MPX IE (1901, 1902) including a transaction control field and an upper-layer frame fragment field, wherein the transaction control field includes a transfer type field and a transaction identifier, ID, field indicating a value for a UWB transaction, and wherein the upper-layer frame fragment field includes a UWB secure service identifier (456, 496), USSID, including ID information of an application or service associated with the UWB transaction. a wireless communication circuitry configured to support ultra-wideband, UWB, communication; and a processor configured to: perform a ranging operation to identify a distance between the electronic device and an external electronic device using the wireless communication circuitry; determine whether the external electronic device is positioned within a specified distance from the electronic device based on the ranging operation; and based on the external electronic device being positioned within the specified distance, transmit a UWB signal including a MAC payload to the external electronic device; wherein the MAC payload includes a multiplexed information element, MPX IE (1901, 1902) including a transaction control field and an upper-layer frame fragment field, wherein the transaction control field includes a transfer type field and a transaction identifier, ID, field indicating a value for a UWB transaction, and wherein the upper-layer frame fragment field includes a UWB secure service identifier (456, 496), USSID, including ID information of an application or service associated with the UWB transaction. perform a ranging operation to identify a distance between the electronic device and an external electronic device using the wireless communication circuitry; determine whether the external electronic device is positioned within a specified distance from the electronic device based on the ranging operation; and based on the external electronic device being positioned within the specified distance, transmit a UWB signal including a MAC payload to the external electronic device; wherein the MAC payload includes a multiplexed information element, MPX IE (1901, 1902) including a transaction control field and an upper-layer frame fragment field, wherein the transaction control field includes a transfer type field and a transaction identifier, ID, field indicating a value for a UWB transaction, and wherein the upper-layer frame fragment field includes a UWB secure service identifier (456, 496), USSID, including ID information of an application or service associated with the UWB transaction.