SPENN represents a fast-growing trend of digital banking solutions in Africa, providing banking- and payment services to users, who may not have access to traditional banking so far. In cooperation with leading African banks, SPENN provides a Mobile App, that allows users to conveniently and securely make Real-time Online Bank Transfers to pay utilities such as electricity, water, or internet, purchase airtime, and particularly do all their day-to-day purchases with merchants, both offline and online.

SPENN has gained strong traction in its markets: in H1 2023 it had 44 million transactions and processed over 600 million USD. By allowing users to open accounts and access banking- and payment services without needing to visit a physical bank branch, SPENN is reaching additional user segments so far unbanked or underbanked.

Offering SPENN in their online checkout gives international merchants a great opportunity to reach and benefit from a large and growing user base in booming markets they could not reach before.