Pearl Bank Uganda (formerly PostBank Uganda) in a landmark partnership with Stanbic Bank Uganda that signals collaboration over competition, have announced the integration of their digital wallets, Wendi and FlexiPay, to allow users of both platforms to transact seamlessly and at significantly subsidized fees. This is a major step toward making financial services more affordable and accessible to millions of Ugandans.
“This partnership is a win for ordinary Ugandans. By connecting FlexiPay and Wendi, we are breaking down digital walls and ensuring that no matter where you live or who you bank with, you can transact safely and affordably,” Mumba Kenneth Kalifungwa, Stanbic Bank Uganda CEO, said at a joint press briefing held at Sheraton Hotel in Kampala.
Adding to his remarks, Julius Kakeeto, Managing Director & CEO, Pearl Bank Uganda, said, “The partnership with FlexiPay is timely because our users will gain greater convenience and access to a wider merchant and agent network.”
The two banks further went on to highlight how the partnership will support Uganda’s ongoing financial inclusion and digital transformation agenda.
Kakeeto stated that Wendi has been at the forefront of implementing government programs that promote financial inclusion nationwide, empowering individuals to take full advantage of digital financial services. On the other hand, Kalifungwa said FlexiPay directly supports Stanbic’s growth agenda for Women, Youth, and Farmers under their Positive Impact pillar on Financial Inclusion.
Collectively, both platforms serve over a million users, offering savings, credit, and e-commerce transaction services. The integration enables users on either platform to send, receive, and pay seamlessly, removing the barriers that have traditionally hindered digital transactions between networks, making them slow and costly.
According to the National Financial Inclusion Strategy (2023–2028), access to formal financial services in Uganda has improved from 52% in 2013 to 68% in 2023 (according to FSD Uganda), largely driven by mobile and digital innovation.
This partnership is a powerful catalyst for expanding digital access, promoting cashless trade, and supporting livelihoods in rural and peri-urban communities. The two institutions will roll out the integration in phases, starting with joint awareness campaigns, shared agent support, and merchant onboarding programs across key agricultural and trading regions.
By combining Stanbic’s commercial scale with Pearl Bank’s national footprint, the partnership is expected to reach deep into rural Uganda — especially among farmers, youth entrepreneurs, and women-led enterprises — helping to build stronger, more inclusive local economies.
