Uber and Stanbic Bank have entered into a partnership where the latter will provide a corporate credit card to businesses and make it possible for corporate firms in Kampala to set up accounts and get a transport alternative for their employees through Uber. Businesses will be required to open a corporate account with Stanbic Bank and link the account to a corporate credit card. Using Uber for Business (U4B), the service will enable employees to request a ride with Uber and have the fare billed directly to their company. According to the taxi app firm, trips are charged on the corporate card and organisations choose to be billed monthly for the service.
Uganda is the first country in the region where this option is being made available, and according to Aaron Tindiseega, Uber’s Country Manager in Uganda, the partnership will make transport for corporate firms much easier.
“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.
According to the bank’s head of retail banking Ms Fiona Mulema, Stanbic will be solving a problem that many companies in Kampala have faced- not having access to credit through a corporate card. She said the partnership 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 Mulema.