As a way of transforming the landscape of business transactions in Rwanda, SPENN Rwanda, a leading financial technology provider, has unveiled an update to the SPENN Business Account: the SPENN Flow . This innovative feature introduces the ability to make instant bulk payments to both mobile money and local bank accounts, addressing a vital need for efficiency and speed in financial operations across various sectors. Julius Karake, the SPENN Rwanda's Country Manager, expressed his enthusiasm for this revolutionary feature. At SPENN, we are committed to simplifying financial transactions and empowering businesses. The new bulk payment capability in SPENN Flow epitomises our dedication to innovation, allowing businesses to execute multiple transactions instantly and securely, he stated, saying the move is empowering businesses with intuitive solutions. Angelique Ingabire, the Head of Sales and Marketing at SPENN, highlighted the user-centric design of SPENN Flow. Our goal has always been to offer a service that is not just functional but also intuitive and accessible to all. SPENN Flow is designed with the user in mind, making it incredibly easy to manage finances with features that enhance operational efficiency, security, and financial inclusion, she said. Key features and benefits of SPENN Flow SPENN Flow is not just about sending money; it’s about revolutionising financial management where businesses can look forward to doing many things. Instant Payment Collection Businesses can collect payments instantly from clients using the SPENN Merchant QR scan at their shops. Global Accessibility They can manage financial transactions from anywhere in the world. Convenient transaction tracking The businesses can track every transaction via a detailed dashboard, complete with annotations and reasons for each payment. Real-time insights The businesses can look forward to getting immediate insights into their business's financial status with the Live Dashboard. Attractive savings option They can also earn a 4% p.a. interest rate on savings stored within SPENN Flow. Seamless financial statements The businesses look to access detailed transaction statements anytime and anywhere. Effortless payroll management The businesses also manage their organization's payroll efficiently without incurring additional costs. Promoting financial inclusion The technology fosters financial inclusivity within your business ecosystem with varied SPENN services. Further integration and features Beyond SPENN Flow, the company has further integration and features. The company has launched SPENN Connect, an integration feature for online payments. This allows clients to make instant payments on popular platforms like Yego, Vuba Vuba, Olado, and many more. This addition underscores SPENN's commitment to providing comprehensive financial solutions that cater to modern business needs. Since 2018, SPENN Rwanda has been an advanced financial platform built into a user-friendly mobile banking app, in partnership with I&M Rwanda. Offering free peer-to-peer money transfers, cost-free savings accounts, and 14-day interest-free quick loans, SPENN is dedicated to providing users with instant participation in the digital economy.
