Remita named payment service provider of the year

The Central Bank of Nigeria (CBN) has named Remita Payment Services Limited (RPSL), a subsidiary of fintech group Systemspecs Limited, as a payment service provider of the year.

In a statement made available to TheCable on Monday, the company said the award was presented on October 24 during the celebration of the first anniversary of the eNaira.

The eNaira is a 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.

RPSL said the award is 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,” the statement reads.

“Consistent with its commitment to promoting simplified payment solutions in Nigeria, RPSL, was applauded for deploying eNaira 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 company said SystemSpecs was also recognised as the “Indigenous Technology Promotion – Software” at the annual national award ceremony of the National Information Technology Development Agency (NITDA) for its exemplary commitment to the development of homegrown technologies to address local challenges.

The CBN award was received by Mujib Ishola, chief technology officer, Remita, in Lagos, while NITDA was received in Abuja by Abayomi Oniku, divisional head, business development, and Hussein Akinkuolie, group head, partnership and special initiatives of SystemSpecs.

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,” Mujib said.

Remita, the flagship product of RPSL, possesses the unique ability to transform the perception of payment systems in the market through quality services. 

‘Deremi Atanda, managing director of Remita Payment Services Limited (RPSL), expressed his delight at the first anniversary of the eNaira. 

“It has always been our approach to focus on working tirelessly to simplify payments and drive financial inclusion by deploying top-notch solutions. Our fulfilment 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,” Atanda said.

The company said Remita had gained recognition as a leading financial technology company since it entered the market 17 years ago.

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.