Uber tries to make inroads into corporate travel with Stanbic

July 20, 2017 in Business, Companies, Transport by Editor

July 20—Uber, the international technology company that developed a smartphone app to hail a taxi and Stanbic Bank, Uganda’s biggest financial institution, have joined forces to make sure corporate customers get to their destinations with the minimum of fuss by using credit cards.

Code named Uber for-Business (U4B), clients will have to open corporate accounts with Stanbic.

Aaron Tindiseega, Uber’s Country Manager said, “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.”

He said, “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.”

Uber drivers use their personal vehicles to offer discounted fare rides. Calling up an Uber driver and payment are all handled through a smartphone app. Under the new arrangement, code named Uber-for- Business (U4B), Uber clients will have to open a corporate account with Stanbic Bank and link the account to a corporate credit card.

U4B then enables employees to request for a ride with Uber and charge their trips directly to their company. All trips are charged on the corporate card and organizations have the option to be billed monthly for the service.

Fiona Mulema, the Head Retail Banking at Stanbic Bank Uganda (SBU) said, “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.”

SBU customers in Kampala can sign up for the corporate credit card and get U4B support by visiting the Uber for Business information desks available at Stanbic branches in Garden city, Forest Mall, Bugolobi, Kabalagala and Acacia Mall. However more information can also be obtained through the Stanbic 24/7 Customer care centre toll free number: 0800150150/0800250250.