SPENN Partners with Mastercard to Boost Financial Inclusion in Africa

SPENN Technology (SPENN), a fintech company providing digital banking and payments services, and Mastercard, a global technology company in the payments industry, have announced a strategic partnership that will enable Spenn Mobile Wallet users – even those without bank accounts - to make digital payments on the Mastercard network including international e-commerce transactions.

Fazzaco Hall of Fame 2022 Officially Opens (Click to Nominate)!

Under the agreement, SPENN will launch a Mastercard virtual card, giving its Mobile Wallet App customers new ways to access and pay for products and services at the millions of e-commerce merchants that accept Mastercard.

"We are extremely proud to partner with Mastercard. To have a world-leading payments technology company give such recognition to SPENN, is both exciting and humbling," said Jens Glaso, CEO of SPENN Technology. "The partnership also supports SPENN's strategy to enable more efficient and seamless payments online, boosting financial inclusion."

Vincent Malekani, Country Manager for Zambia and Malawi at Mastercard, said: "We are pleased to collaborate with SPENN to bring more safe and seamless payment experiences to their customers. Fintech's play a critical role in enabling the digital economy and hence are a critical partner for us to drive the financial inclusion agenda forward."

The SPENN-Mastercard virtual card will be rolled out in 2023, initially in Zambia and then across other African markets including Rwanda, Tanzania, and Nigeria.