This morning, Dfcu Bank has announced partnership with Pesapal, a renowned secure payments service provider, to introduce merchant acquiring services that will facilitate seamless card and mobile money payments for the bank’s customers.
The partnership is expected to address the increased demand for digital payment solutions and give customers more electronic payment solutions to facilitate a variety of transaction needs.
The rise in digital transformation and increasing adoption of electronic payments among Ugandans and the world over indicate a growing preference for these services amongst both individuals and businesses.
Businesses which do not offer electronic payment services stand the risk of losing business and revenue to those who have adapted their operations to meet their customers’ needs.
The partnership with Pesapal will allow Dfcu to provide another payment processing and acceptance solution to its clients, by enabling merchants who sign onto Pesapal to be accept card payments and mobile money from the bank customers.
Pesapal is renowned for its secure and efficient digital payment solutions and offers an all-in-one digital payment platform for businesses and customers to access a wide array of payment options, whether online or at physical merchant outlets.
Commenting on the partnership, Faridah Nalubega, the Managerfor Cards and Money Transfers at Dfcu
Bank noted that the collaboration with Pesapal would enable more businesses to accept and process electronic payments from individuals using cards and mobile money
“With this partnership, our goal is leverage Pesapal’s infrastructure to enable even faster, more convenient and reliable payment processing for our customers wherever they are transacting, across the country," Nalubega noted.
“We will work with various businesses to support them in developing and acquiring the necessary infrastructure to accept and process payments with Pesapal as the intermediary. We believe that the demand for electronic payments has awakened business owners to the necessity of having these services available at their points of operation,” she added.
Pesapal’s Country Manager, Maureen Namoma said, "At Pesapal, our core focus is on simplifying payments. This move is a commitment to our customers and a promise of enhanced services as we build towards a more accessible financial future.”
“Partnering with dfcu Bank will allow us to meet the immediate needs of thousands of Ugandan customers. We expect that both businesses with physical locations and those operating online will see the rewards of integrating our offering into their services."