Airtel Money, Stabex sign cashless transactions partnership



BY PAUL TENTENA

Airtel Mobile Commerce Uganda (AMCUL), has partnered with Stabex International, a renowned fuel distribution company, to boost cashless transactions and enhance digital financial inclusion among Ugandans. 

This collaboration will allow Airtel Money customers to conveniently pay for fuel and access other services at any Stabex fuel station in Uganda using Airtel Money.

While announcing this partnership, the Airtel Money Operations Head, Hope Ekudu said they are excited to partner with Stabex International to further promote digital financial inclusion in Uganda. 

"Airtel Money has always been committed to delivering innovative, secure, and borderless financial services to our customers. Through this partnership, our customers can now make cashless transactions for fuel purchases and access other services at Stabex fuel stations across the country using their mobile wallets," said Hope Ekudu.

She added that the partnership will also allow Stabex customers making cashless payments to enter a draw for a chance to win exciting prizes in their ongoing nationwide Vroomula Amajja campaign. 

"These prizes include a brand-new Toyota RAV4 Hybrid sports utility vehicle (SUV), motorbikes, and e-money,” she stressed.

According to the Uganda Communications Commission (UCC) 2024 Quarter 2 report, mobile money transactions have risen to 1.84 billion, up from 1.72 billion in the previous quarter. 

This growth underscores Airtel Money's ongoing efforts to promote cashless transactions by encouraging Ugandans to use their mobile wallets for a variety of services, including sending money, depositing or withdrawing cash, mobile banking, bill payments, Airtel Money Pay, international money transfers, airtime purchases, and fuel payments.

“The growth in mobile money transactions has inspired us to partner with Airtel Mobile Commerce Uganda to simplify fuel purchases and other services we offer. 

"At Stabex, we are always seeking ways to provide our customers with greater convenience and value. We believe this collaboration will encourage more Ugandans to embrace cashless payments, making transactions faster and more secure,” said Justus Kiptoo General Manager Stabex International,

“We are also excited that our customers will be rewarded for using cashless payments through the Vroomula Amajja promotion. Additionally, we are proud to announce that the winners of motorbikes and the grand prize of the Toyota Hybrid will also receive a full tank of fuel,” Kiptoo added.

This partnership is an addition to the other initiatives Airtel Money has undertaken to promote cashless transactions and highlights the ongoing Vroomula Amajja campaign that is changing the lives of Ugandans. Over 2,000 Airtel Money users have been rewarded with various prizes, including 52 motorbikes worth UGX 200 million and daily cash rewards for cashless transactions.

“With the focus on giving Ugandans Instant, Secure and Borderless, our efforts are not only changing how Ugandans transact; we're changing lives. We’re fueling dreams, powering ambitions, and driving the nation towards a cashless future where every transaction opens a world of possibilities,” Hope Ekudu concluded. 

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