Stanbic and Pearl Bank Integrate Digital Wallets in Landmark Move to Boost Financial Inclusion

Source: NilePost

In a landmark partnership that promises to redefine digital finance access across Uganda, Pearl Bank Uganda (formerly PostBank Uganda) and Stanbic Bank Uganda, the country’s largest commercial bank, have announced the seamless integration of their respective digital wallets, Wendi and FlexiPay. This strategic alliance instantly links over a million users and is being hailed as a major step toward making financial services more affordable and accessible, particularly for rural communities.

The collaboration, announced at a joint press briefing in Kampala, is explicitly designed to support Uganda’s ongoing financial inclusion and digital transformation agenda. The integrated platforms will allow users of both digital wallets to transact seamlessly and at significantly subsidised fees, removing barriers that have traditionally made inter-network digital transactions costly and slow.