Fueling Safety, Empowering Lives: The Stanbic Bank & SafeBoda Partnership Driving Change in Uganda
Derrick Katushabe (PR & Advocacy Lead)
July 15, 2025
July 15, 2025
By Derrick Katushabe - PR & Advocacy Lead
Picture: Mr. Samuel F. Mwogeza, ED & Head of Personal & Private Banking, at the SafeBoda Insured Rides launch.
In a world where meaningful partnerships drive sustainable impact, Stanbic Bank and SafeBoda have built a collaborative model that does more than just move people, it empowers communities, advances financial inclusion, and promotes road safety.
For over a decade, SafeBoda has been a champion of innovation and community-focused technology in Uganda’s ride-hailing space. At the heart of this mission has been a commitment to not only connect drivers and passengers, but to support their well-being beyond the ride. That’s where Stanbic Bank comes in.
At the core of this partnership is FlexiPay, Stanbic Bank’s digital wallet solution that was seamlessly integrated with the SafeBoda Wallet. This innovation has simplified payments, allowing SafeBoda users to effortlessly pay for rides and other services directly through choosing FlexiPay as their payment mode, offering a fast, secure, and cashless experience
Even more practically, SafeBoda drivers can now pay for fuel using FlexiPay at participating fuel stations, eliminating the need for cash and streamlining daily operations for riders on the move.
This isn’t just about convenience, it’s about creating a cashless economy that drives financial inclusion, especially for those who have historically been excluded from formal financial systems.
Beyond digital payments, Stanbic Bank through its partnership with Liberty Insurance has taken a bold step in enhancing road safety and rider protection.
With trip insurance embedded into every SafeBoda Plus/Premium Ride, both the rider and passenger are covered in case of a Road Traffic Accident (RTA). This critical safety feature has already supported numerous drivers and customers by covering medical expenses after unfortunate incidents on the road.
For SafeBoda users, this insurance isn’t just an incentive, it’s peace of mind. It makes SafeBoda the only ride-hailing platform in Uganda offering trip insurance that protects both the rider and the passenger.
Picture: Stanbic Bank officers engaging with SafeBoda riders during the 10-year anniversary celebration.
As SafeBoda marked 10 years of impact, Stanbic Bank was right there to celebrate. During the SafeBodaAt10 Driver party and Service Week, Stanbic showed up in full support offering financial literacy sessions to drivers.
From opening bank accounts, learning about savings and investment options, to understanding how to build a better financial future, drivers were empowered with tools that go far beyond the ride.
The partnership between Stanbic Bank and SafeBoda isn’t just about business. It’s about building a safety-first, financially empowered, and digitally connected Uganda.
When banks, insurers, and tech innovators come together with a shared purpose, real change happens. And this partnership is proof.
To all SafeBoda drivers and customers that have been impacted by these services, this is only the beginning.
July 15, 2025