Home BUSINESS Uber, Stanbic Bank Announce Strategic Partnership

Uber, Stanbic Bank Announce Strategic Partnership


Uber and Stanbic Bank have announced a partnership that will promote a corporate credit card offered to businesses by Stanbic bank.

The partnership makes it possible for corporates in Kampala who have access to credit cards – a common method of payment for Uber for Business to set up accounts and get a transport alternative for employees through Uber.

Businesses will need to open a corporate account with Stanbic Bank and link the account to a corporate credit card.

Uber for Business (U4B) enables employees to request for a ride with Uber and expense their trips directly to their company.

All trips are charged on the corporate card and organizations have the option to billed monthly for the service.

Aaron Tindiseega, Uber’s Country Manager in Uganda said the partnership, is a one of a kind partnership that the technology company has signed with Stanbic Bank in the sub-Saharan region.

“Uber is focused on providing a safe, reliable and affordable alternative for moving from point A to B in Kampala. We are proud of this partnership which will enable businesses to move their employees across the city. We are excited that through the Stanbic corporate card, businesses in Kampala will have easier access to Uber in just a few taps – no need to worry about the collection of manual receipts from employee trips, businesses will be billed monthly on the corporate card.” said Tindiseega.

Stanbic Bank will be solving a problem that many companies in Kampala have faced – not having access to credit through a corporate card.

The partnership will Uber will also provide a safe, reliable and affordable transport alternative for companies in Kampala through Uber for business.

U4B provides a transparent and cost effective business travel alternative through a corporate credit card. It also enables company administrators to use Uber to service their various business needs such as employee travel, customer support, and regular commute- all from the same dashboard.

“We are happy to be providing access to credit through a corporate card to companies in Uganda complete with a comprehensive reconciliation. Stanbic has also enrolled 1,200 employees onto the Uber for Business platform and we are pleased to confirm that the service has been very reliable.” said Fiona Mulema, Head Retail Banking at Stanbic bank Uganda.

Mr. Barnabas Ntakirutimaana from Moringa 360 one of the companies that have signed up and used the service shared his experience.

“It’s been easy and hustle free for our staff to use Uber for Business. What we like the most about it, is the convenience it offers us – we do not have to spend a lot of time reconciling receipts from employee trips. We also like that Uber is safe and reliable, this means that our staff can always request a safe, reliable and affordable ride, through Uber, when they are working late..” Ntakirutimaana confirmed.

Stanbic bank customers in Kampala can sign up for the corporate credit card and get U4B support by visiting the Uber for Business information desks available at Stanbic bank branches in Garden city, Forest Mall, Bugolobi, Kabalagala and Acacia.

The partnership comes as both Uber and Stanbic Bank celebrate recent growth milestones.

In June 2016 Uber launched in Kampala and has been providing rides at the touch of a button for passengers and also thousands of economic opportunities for drivers-partners who want to use the app to grow their small businesses.

To date, Stanbic Bank is the leading Visa card issuer and has digitized most of its solutions for the convenience of the customer.

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Don Atungisa is a passionate writer, content curator and a digital marketing practitioner. Twitter??@don_atngz . Let's connect and have a chat.