Stanbic Bank Uganda’s nascent mobile money digital solution, FlexiPay, has announced a partnership with Kenya’s top remittance solution provider, Upesi money transfer Limited which will see customers easily send and receive money from within and outside Uganda.
While announcing the partnership at the Emin Pasha hotel in Kampala on Friday, Flexipay’s lead customer experience and operations officer, Jospehine Nakato Kasacca said that the new partnership means an even more improved Flexipay platform.
“Customers will now be able to transact internationally because using Flexipay, they can now send and receive funds from within and outside the country. This initiative is in fulfilment of our commitment to support and enable customers to complete borderless financial transactions in a convenient, secure, quick, and affordable manner,” Nakato said.
She added that the brand believed that helping as many people as possible to meet their financial needs with innovative services goes a long way in driving economic growth which is in line with the company’s purpose.
Some of the country’s FlexiPay customers will be able to send and receive money from countries including Kenya, United Arab Emirates, United Kingdom, Qatar, Oman, United States, and South Africa.
Others are France, Canada, Israel, South Korea, India, Germany, Ireland, Netherlands, Kuwait, Bahrain, Australia, and Poland.
Flexi Pay is one of Uganda’s most convenient, secure and affordable mobile money solutions that enables individuals and businesses to receive, send, make payments and do so much more for less in terms of affordability.
The digital solution is designed to meet one’s lifestyle needs with or without having a bank account with Stanbic bank.
According to Julius Okwana, the Upesi country manager in Uganda, the partnership will see customers sending money between Kenya and Uganda free of charge until the end of this year where a minimal cost will then be attached.
Currently, Uganda has one of the biggest diaspora populations in Kenya which makes it an ideal target for money remittances and with Upesi’s portfolio regionally and in Kenya, Flexipay hopes to capitalise on this.
“Upesi currently has a presence in Kenya and Uganda. We are looking at entering Rwanda and Tanzania soon but currently on our platform, you will be able to send and receive money to about 54 countries all over the globe,” Okwana said.
Cybercrime
The advent of more digital transaction solutions has also come along with the menace of cybercrime where hackers steal money off such platforms, leaving customers helpless.
Both FlexiPay and Upesi however are adamant that their platforms are secure enough to protect both the sender and the receiver.
This, they said is through a series of security measures like limiting transactions, call backs, authentications and other security software embedded therein.
“Cybercrime is one of the biggest threats any company involved in money transactions can be worried about. We have several measures in place to protect both the receiver and the sender,” Okwana said.
On her part, Nakato retaliated that Stanbic bank, and its product flexipay for that matter, credits itself with working with authentic partners and that they carry out lengthy rigorous checks while identifying partnerships for the safety of their customers.
