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CBN Adjudges Remita as Payment Service Provider of the Year

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Remita Payment Services Limited (RPSL), Africa’s foremost payment solutions company, was adjudged the winner of the “PAYMENT SERVICE PROVIDER OF THE YEAR” award by the CBN. The award was presented on the 24th of October, during the celebration of one year since the launch of the e-Naira themed “eNaira365days.”

The award serves as a testament to the company’s efforts in raising awareness about the e-naira initiative by being the first payment platform to offer its usage to Nigerians.

Consistent with its commitment to promoting simplified payment solutions in Nigeria, RPSL, a subsidiary of global FINTECH group SystemSpecs Limited, has succeeded in delivering faster transaction processing time, increased transaction security, and the elimination of multiple transaction failure points that lead to repeated visits to banks for resolution, among others, to individuals and businesses through the introduction of the e-Naira.

Commenting on the award, Mujib Ishola mentioned that such recognition enables more drive to achieving greater feats. “On behalf of the management and staff of Remita Payment Services Limited, we are extremely honoured to receive such an important award for our advancement of payment solutions in the country. Awards like this only propel us to keep improving on our services as we reinstate our commitment to delight our stakeholders.” said Mujib.

Remita, the flagship product of RPSL, possesses the unique ability to transform the perception of payment systems in the market by offering nothing but quality services. This was buttressed when Deremi Atanda, Managing Director of Remita Payment Services Limited (RPSL), expressed his delight at the one-year anniversary of the e-Naira. He said: “It has always been our approach to focus on working tirelessly to simplify payments and drive financial inclusion by deploying topnotch solutions. Our fulfillment comes primarily from the satisfaction our various consumers derive from using our superior solutions. However, when we receive recognitions such as these from the country’s apex regulatory bodies, we are even further encouraged to deliver more.”

Remita has gained recognition as a leading financial technology company since it first entered the market 17 years ago. Remita enables people, businesses, and governments in Africa to easily receive and send payments on a single multibank multichannel platform.

In 2017, Remita was honoured as the Most Innovative Mobile Payment Solution of the Year at the DigitalPay Expo Awards in recognition of its contribution to the improvement of the payment processing experiences of individuals and businesses in the country. This is one amongst the several recognitions and awards bagged by the company in the past.

About Remita

Remita is a suite of FinTech solutions designed by Remita Payment Services Limited to improve national payment systems through seamless harmonisation of payments and collections across the financial ecosystem.

The solution caters to the complete payments ecosystem, including the Central Bank of Nigeria (CBN), commercial banks, microfinance banks, mobile money operators/schemes, agency banking platforms, switches, settlement companies, organisations, and individuals.

Thriving on collaborations with key stakeholders across the payment industry, including all commercial banks, more than 500 microfinance banks, fintech, card payment processors, and industry regulators, Remita has evolved into a highly preferred platform for electronic payment in Nigeria and beyond.

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