Small and Medium Enterprises (SMEs) and consumers across Uganda are set to enjoy faster, more secure, and convenient transactions following a new partnership between Housing Finance Bank (HFB) and Pesapal Uganda.
The collaboration is expected to enhance financial access, improve customer experience, and accelerate the country’s transition toward a cashless economy.
The strategic partnership aims to empower businesses with seamless digital payment tools—including point-of-sale (POS) terminals and e-commerce solutions—through Pesapal’s innovative platform.
With this integration, businesses will gain access to a broader range of collection channels, allowing for smoother online and offline transactions and quicker access to funds.
“This partnership is a transformative step toward optimizing payment experiences and fostering economic growth,” said Ivan Kituuka, Head of Distribution & Alternate Channels at Housing Finance Bank.
“It supports the goal of a cashless Uganda by making transactions more convenient and reducing reliance on cash.”
He emphasized that HFB’s collaboration with Pesapal is part of the bank’s core mission to simplify banking and provide reliable, efficient financial tools for both businesses and individuals. By leveraging its nationwide branch network and diverse customer base, HFB will support businesses in seamlessly adopting digital payment solutions.
Martin Barungi, Director at Pesapal Uganda, noted that the partnership reflects a shared commitment to driving financial inclusion and supporting Uganda’s growing digital economy. “With rising demand for cashless transactions, Pesapal’s solutions empower businesses to operate more efficiently while ensuring customers enjoy secure and seamless payment experiences,” he said.
The service will be rolled out across various merchant locations—including supermarkets, hospitals, fuel stations, and restaurants—making it easier for customers to access funds and complete transactions with ease.
Globally, the digital payments market is projected to reach USD 15 trillion by 2027. Uganda is mirroring this trend, with a steady rise in the adoption of cashless solutions.
The partnership between Housing Finance Bank and Pesapal Uganda positions both institutions at the forefront of this digital transformation, reinforcing their roles as key enablers in the shift toward a digitally inclusive economy.