Stanbic Bank Drives Fintech Innovation in Uganda with FlexiPay

Stanbic Bank is revolutionising the way Ugandans make payments with its innovative FlexiPay solution. To celebrate the convenience and benefits of FlexiPay, the bank has launched a campaign dubbed ‘Flexipay Cashback Xplosion’, which offers instant cashbacks on every purchase made with FlexiPay at participating outlets.

According to Melissa Nyakwera, the Head of Commercial Banking at Stanbic Bank, this campaign, which was officially launched on Tuesday, June 17, 2025, in Kampala, will run for three months.

“Over the next 90 days, we are targeting an increase in merchant transactability,” Nyakwera said during the launch, adding, “We have over Shs100 million in rewards, because we believe that choosing convenience should be celebrated.”

Driving Fintech Adoption

The FlexiPay solution is a testament to Stanbic Bank’s commitment to driving fintech innovation in Uganda. Nyakwera noted that by providing a convenient, secure, and rewarding payment solution, FlexiPay is set to transform the way Ugandans shop, dine, and pay for services.

She emphasised that for the next three months, FlexiPay users will enjoy instant cashbacks on their purchases, making it an attractive option for those looking to save money and enjoy rewards.

Improving Lives of Ugandans

The FlexiPay solution is expected to improve the lives of Ugandans in several ways, some of which include:

Convenience

FlexiPay offers a convenient payment solution that allows users to make payments easily and securely.

Rewards

The FlexipayCashbackXplosion campaign offers instant cashbacks on every purchase, providing users with a tangible benefit for using the solution.

Increased merchant acceptability

The campaign aims to increase merchant acceptability of FlexiPay, making it easier for users to make payments at a wider range of outlets.

Easy to Use

Users can access FlexiPay by downloading the app or dialling *291# to pay. This ease of use makes it accessible to a wide range of users, from tech-savvy individuals to those who may be new to mobile payments.

Stanbic Bank’s FlexiPay solution is a game-changer for fintech in Uganda. With its innovative features, convenience, and rewards, FlexiPay is set to improve the lives of Ugandans by providing a secure, convenient, and rewarding payment solution.

The Flexipay Cashback Xplosion campaign is a testament to the bank’s commitment to driving fintech adoption and growth in Uganda.

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