Kampala, Uganda – Pesapal Uganda, a leading provider of digital payments and business solutions has announced a strategic partnership with Housing Finance Bank Uganda to enhance payment acceptance for businesses. This partnership reflects a shared commitment between Housing Finance Bank and Pesapal’s to empower Small and Medium sized enterprises with seamless, secure, and efficient financial solutions.
The partnership gives businesses more collection channel options, streamlining their online and offline transactions and ensuring faster access to funds. Through Pesapal’s innovative payment platforms, including Pesapal point-of-sale terminals and e-commerce solutions, businesses and consumers alike will benefit from enhanced payment flexibility, increased efficiency, and improved financial accessibility.
A Milestone for Uganda’s Digital Economy
The rise of digital transactions continues to shape global economies, with the digital payments market projected to reach USD 15 trillion by 2027. In Uganda, cashless transactions have continued to grow annually, reflecting an increasing shift toward electronic payments. This collaboration positions Housing Finance Bank and Pesapal Uganda at the forefront of financial innovation, supporting the nation’s transition to a more digitally inclusive economy.
Speaking at the partnership launch, Ivan Kituuka, Head Distribution & Alternate Channels at Housing Finance Bank, emphasized the significance of this collaboration: “At Housing Finance Bank, we recognize that businesses and customers alike require reliable and efficient financial solutions. This partnership with Pesapal Uganda is a transformative step toward enhancing payment experiences, optimizing payment acceptance, and driving economic growth. Through this collaboration, we are not only strengthening digital payment adoption but also reinforcing our commitment to empowering businesses and individuals with the right financial tools.”
Pesapal Uganda’s Director, Martin Barungi, highlighted the synergy between the two organizations: "This partnership represents a shared vision of fostering digital financial inclusion and supporting businesses and customers across Uganda. With the increasing demand for cashless transactions, our solutions will enable businesses to operate more efficiently and scale with confidence while also ensuring that customers enjoy seamless, secure, and convenient payment experiences. We are excited to work alongside Housing Finance Bank in delivering world-class payment solutions that align with the evolving needs of both businesses and individuals in Uganda."
Expanding Market Reach and Financial Inclusion
As part of this initiative, Housing Finance Bank will leverage its branch network and customer base to support businesses in seamlessly integrating Pesapal’s payment solutions. The partnership is expected to increase merchant engagement, expand financial access, and contribute to the broader digital transformation agenda in Uganda.
With an expanded role in the digital payments ecosystem, Housing Finance Bank remains committed to delivering innovative banking solutions that adapt to the evolving needs of businesses and consumers alike. This initiative marks a significant step toward advancing Uganda’s cashless economy and strengthening the Bank’s reputation as a trusted financial partner for enterprises and individuals across multiple sectors.
About Pesapal Uganda Limited
We’re the leading payment services company with local know-how in building payments and business tools for Africa.
Since 2009 we have empowered tens of thousands of African businesses and entrepreneurs to collect money online and in-person via mobiles and cards. We back it up with popular digital tools for ticketing, reservations, reporting, inventory, merchant credit, APIs, and more.
We make it simple and safe for customers to pay online and at point-of- sale. Pesapal is regulated by the Central Banks of Kenya, Uganda, Tanzania, Rwanda & Zambia.
We have 300+ people in 5 African countries – and we are adding more. We all share a commitment to product innovation that solves Africa’s payment challenges. We are on track to connect a million African entrepreneurs and customers to electronic payments, e-commerce, and the global financial system by 2030.
For press inquiries, please contact:
Regina Mwanza, Head of Brand & Content, Pesapal Uganda Limited
Email: [email protected]
About Housing Finance Bank
Housing Finance Bank focuses on making banking easy and enabling customers to be in control of their financial and banking needs. First incorporated as a private limited company in 1967 as Housing Finance Company Uganda Limited, carrying out business as a non-banking credit institution, providing mortgage finance and accepting savings deposits from the public. Subsequently, the Bank became licensed and regulated by the Bank of Uganda as a Commercial Bank in 2007 to carry on the business of banking under the Financial Institutions Act and changed into a public limited liability company known as Housing Finance Bank Limited. For more information, please visit our website at www.housingfinance.co.ug.
For press inquiries, please contact:
Doreen Nyiramugisha, Head Marketing and Communications, Housing Finance Bank.
Tel: 0784 779 871
Email: [email protected]
