Lagos, Nigeria – October 31, 2022 – The Nigerian apex bank, the Central Bank of Nigeria (CBN), adjudged Africa’s foremost payment solutions company, Remita Payment Services Limited (RPSL), a subsidiary of FINTECH group SystemSpecs Limited, the winner of the “PAYMENT SERVICE PROVIDER OF THE YEAR” award.
From left, Mr. Mujib Ishola, Chief Technology Officer, receiving the award for “PSP of the Year” from Mr. Godwin Emefiele, Governor, Central Bank of Nigeria at the CBN one-year anniversary of the eNaira held at Eko Hotels & Suites, Victoria Island, Lagos
The award was presented on the 24th of October, during the celebration of the one-year anniversary of the e-Naira themed “eNaira365days.” The eNaira is CBN-issued digital currency that provides a unique form of money denominated in Naira that serves as both a medium of exchange and a store of value.
The award serves as a testament to the company’s efforts in deepening the use-case for the e-naira and raising awareness about the digital currency. Remita was the first payment platform to offer its usage to Nigerians.
Consistent with its commitment to promoting simplified payment solutions in Nigeria, RPSL, was applauded for deploying e-Naira in the successful delivery of faster transaction processing time, increased transaction security, and the elimination of multiple transaction failure points, among others, to individuals and businesses.
In a similar development, the Africa largest country’s National Information Technology Development Agency (NITDA), the policy implementing arm its Federal Ministry of Communication and Digital Economy, recognised SystemSpecs with the “Indigenous Technology Promotion – Software” award at its annual national award ceremony, for the exemplary commitment to the development of homegrown technologies to address local challenges.
The CBN award was received by, Mujib Ishola, in Lagos, whilst that of NITDA was received in Abuja by the divisional head, business development, Abayomi Oniku and group head, partnership and special initiatives, Hussein Akinkuolie.
Commenting on the award, Mujib Ishola, RPSL’s chief technology officer, mentioned that such recognition increases the company’s drive to greater feats. “On behalf of the management and staff of Remita Payment Services Limited, we are honoured to receive such an important award for our advancement of payment solutions in the country. This will propel us to greater performance even as we reinstate our commitment to impact and national development.” said Mujib.
Remita, the flagship product of RPSL, possesses the unique ability to transform the perception of payment systems in the market through 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 this from the country’s apex regulatory body, 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 SystemSpecs Group in its 30-year history.
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.