SPENN Technology and NHIMA Partnership: Advancing Financial and Healthcare Inclusion in Zambia

SPENN Technology is excited to announce a new partnership with the National Health Insurance Management Authority (NHIMA) in Zambia. This collaboration simplifies the payment of health insurance premiums and expands the offerings and boost the value proposition of SPENN Technology.

How the Partnership Works

Through this partnership, Zambians will be able to pay health insurance premiums via the NHIMA platform by selecting SPENN as the form of payment. The user would then get a payment request to approve on the SPENN app. In the first phase, users pay through the NHIMA platform, and in phase 2, payments can be made directly in the SPENN app. This makes the process more accessible and convenient for all users.

Payment Stream and Technology

SPENN's integrated payment system with NHIMA means that each transaction contributes to SPENN's revenues, creating a new income stream based on transaction volume. Additionally, digitizing the premium collection will reduce NHIMA's costs and improve service quality for users.

Current Payment Methods in Zambia

Currently, Zambians use various methods to pay for health insurance, including cash and electronic payments. SPENN is already a popular payment solution in Zambia, and this partnership will further extend its usage.

Impact of the Partnership

This partnership with the Zambian government strengthens SPENN Technology's position in the market. It demonstrates the government's trust in our technology and our contribution to the region's economic growth.

About NHIMA

As of 2021, NHIMA in Zambia has registered over one million principal members in its health insurance program, covering the public and private sectors, as well as ordinary citizens.

For media inquiries or further information, please contact:
Jens B. Glaso, CEO SPENN Technology A/S. Phone +47 40 40 47 50

About SPENN Technology A/S
In a world where 1.7 billion people are still unbanked, SPENN Technology has democratized access to financial markets by bridging the crypto sphere with traditional finance. By utilizing blockchain technology Blockbonds has created a robust real-time payment system in which everyone can manage their savings, payments, investments and loans in an honest, transparent and secure way through the SPENN App platform. Although SPENN Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.

The SPENN app is an innovative and unique digital banking platform for the unbanked as well as the banked to be able to send and receive money completely cost-free, in markets where the cost of financial services is the highest in the world. SPENN is disrupting the existing mobile payment distribution channels. SPENN has recently launched new integrated services in the platform and expects to launch more crypto services going forward.

SPENN is a technology provider to banks and governments based on a Software as a Service (SaaS) solution and has grown to become a key partner for their bank partners to drive deposits and to stay in front of innovation. SPENN is helping governments regulate the unregulated utilizing new technology and visionary ideas which have ultimately solved the biggest issue within financial inclusion.

SPENN Technology A/S is listed on the Nasdaq First North Growth Market Denmark and on OTCQX in USA.