CEO of I&M Bank Rwanda, Robin Bairstow, talked about SPENN on CNBC Africa this week, explaining the strong growth of I&M Bank Rwanda. Three years ago, the bank had only 45,000 customers. Today, the number is eight times higher.

“SPENN has been a great partnership. The product has now generated 320,000 customers,” said Bairstow.

In the first half of 2021, I&M Bank Rwanda recorded 36 million transactions digitally over SPENN. And more than 20 per cent of the bank’s balance came from the SPENN savings product.

Asked if SPENN could be ‘the cash cow moving forward’, Bairstow answered: “I certainly believe it.”

Indeed; a great partnership! Thank you so much Robin!