Airtel Money partners with Stabex to promote cashless payments

Airtel Mobile Commerce Uganda (AMCUL) has entered into a strategic partnership with Stabex International, a leading fuel distribution company, to promote cashless transactions and enhance digital financial inclusion across Uganda.

This collaboration will enable Airtel Money customers to pay for fuel and access other services at Stabex fuel stations using their mobile wallets.

The initiative is expected to increase convenience for customers and contribute to the growing trend of digital financial services in the country.

Speaking at the launch, Hope Ekudu, Head of Airtel Money Operations, expressed enthusiasm about the partnership.

“We 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 other services at Stabex fuel stations nationwide,” she said

Additionally, the partnership ties into Stabex’s ongoing Vroomula Amajja campaign, offering customers who make cashless payments a chance to win prizes, including a Toyota RAV4 Hybrid SUV, motorbikes, and e-money.

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.

“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 promotion.

Over 2,000 Airtel Money users have been rewarded with various prizes, including 52 motorbikes worth shs 200 million and daily cash rewards for cashless transactions.

“Our efforts are not only changing how Ugandans transact; we are changing lives. We’re fueling dreams, powering ambitions, and driving the nation towards a cashless future where every
transaction opens a world of possibilities,” Ekudu noted.