In a significant move to promote financial inclusion and drive Uganda towards a cashless economy, Housing Finance Bank (HFB) has partnered with Pesapal Uganda.
This groundbreaking partnership aims to improve payment solutions, enhance operational efficiency, and create a stronger financial ecosystem in Uganda.
According to HFB, this partnership is in line with the Bank’s commitment to empowering businesses and enhance operational efficiency through seamless digital transactions.
Speaking at the event, held at the Bank’s headquarters in Kololo, Kampala, today, Ivan Kituuka, the Head of Distribution and Alternate Channels, emphasized that this partnership with Pesapal Uganda will enable faster, more secure payments, enhance trust, and contribute to the economic growth of Uganda.
“Together, we are building a stronger financial ecosystem and supporting a brighter future for our communities,” Kituuka said.
He noted that with digital payments projected to reach USD 15 billion in the next three years, Housing Finance Bank is ready to play a pivotal role in this revolution.
The Partnership
According to Kituuka, the partnership between HFB and Pesapal Uganda is a strategic move to leverage digital payments and promote financial inclusion.
He stressed that by working together, the two entities aim to provide faster, more secure payments and enhance trust among businesses and individuals.
“This partnership is in line with HFB’s commitment to empowering businesses and enhancing operational efficiency through seamless digital transactions,” Kituuka reiterated.
Boosting Financial Inclusion
The partnership is expected to boost financial inclusion in Uganda by providing access to digital payment solutions for underserved communities.
By promoting financial inclusion, the partnership aims to create a more inclusive financial ecosystem that benefits all Ugandans.
Driving Uganda Towards a Cashless Economy
The partnership between HFB and Pesapal Uganda is a significant step towards creating a cashless economy in Uganda.
Kituuka explained that by promoting digital payments and reducing the use of cash, the partnership aims to enhance the efficiency and security of transactions. This, in turn, is expected to contribute to the economic growth of Uganda and create a brighter future for its citizens.
Benefits of the Partnership
The partnership between HFB and Pesapal Uganda is expected to have numerous benefits, including:
Increased Financial Inclusion
The partnership aims to provide access to digital payment solutions for underserved communities, promoting financial inclusion and reducing poverty.
Improved Payment Solutions
The partnership will provide faster, more secure payments, enhancing trust and confidence among businesses and individuals.
Enhanced Operational Efficiency
The partnership will also enable businesses to transact more efficiently, reducing costs and improving productivity.
Economic Growth
The partnership is expected to contribute to the economic growth of Uganda, creating a brighter future for its citizens.
In a nutshell, the partnership between HFB and Pesapal Uganda is a significant step towards promoting financial inclusion and driving Uganda towards a cashless economy, create a stronger financial ecosystem and support a brighter future for Ugandans.