KAMPALA – Housing Finance Bank (HFB) has partnered with Pesapal Uganda, a leading provider of digital payment and business solutions, in a strategic move aimed at enhancing payment experiences for both customers and businesses. This collaboration is part of HFB’s ongoing commitment to simplifying banking—a core value of the bank.
The partnership is designed to empower Small and Medium Enterprises (SMEs) with seamless, secure, and efficient financial solutions. Through integrating Pesapal’s innovative payment platforms—including point-of-sale (POS) terminals and e-commerce solutions—businesses will gain access to a broader range of collection channels, enabling smoother online and offline transactions and quicker access to funds.
Ivan Kituuka, Head of Distribution & Alternate Channels at Housing Finance Bank, emphasized the significance of the collaboration, stating that the evolving financial sector and the growing dominance of digital transactions point to remarkable growth in Uganda’s digital payments landscape. He noted that this partnership supports the goal of a cashless Uganda by making transactions more convenient and reducing reliance on cash. Housing Finance Bank is committed to delivering innovative banking solutions that simplify customers’ financial lives.
He added that Housing Finance Bank understands both businesses and consumers need reliable and efficient financial tools. Partnering with Pesapal Uganda is a transformative step toward optimizing payment experiences and fostering economic growth. This collaboration not only promotes the adoption of digital payments but also reinforces the Bank’s dedication to empowering individuals and enterprises alike.
As part of this initiative, HFB will leverage its extensive branch network and customer base to help businesses seamlessly adopt Pesapal’s payment solutions. The partnership is expected to drive greater merchant engagement, expand financial access, and contribute significantly to Uganda’s digital transformation agenda.
Through its expanding role in the digital payments ecosystem, Housing Finance Bank continues to deliver cutting-edge banking solutions that evolve with the needs of its diverse clientele. This initiative marks a pivotal advancement in promoting a cashless economy and further solidifies HFB’s position as a trusted financial partner across sectors.
Martin Barungi, Director at Pesapal Uganda, highlighted the alignment between the two organizations. He noted that this partnership represents a shared vision of advancing digital financial inclusion and supporting both businesses and consumers across Uganda. With rising demand for cashless transactions, Pesapal’s solutions empower businesses to operate more efficiently and scale confidently, while ensuring customers enjoy secure, seamless, and convenient payment experiences. He expressed pride in working alongside Housing Finance Bank to deliver world-class payment solutions tailored to the evolving financial landscape.
Globally, the digital payments market is projected to reach USD 15 trillion by 2027. Uganda mirrors this trend, with a steady increase in cashless transactions each year. This collaboration positions Housing Finance Bank and Pesapal Uganda at the forefront of financial innovation, playing a key role in the country’s shift toward a digitally inclusive economy.
The new service will be accessible at various outlets, including supermarkets, fuel stations, hospitals, and restaurants, among others. Both businesses and customers will benefit from easier access to funds—further accelerating Uganda’s journey toward a cashless future.
