SystemSpecs, the owner and operator of Remita, the e-payment
platform that has generated over N7 trillion for the Federal Government has emerged
as the most innovative for creating the payment platform, edging out Interswitch,
Paystack and Konga Pay, reports ITRealms.
Organized by West Africa’s most authoritative business medium,
Businessday newspaper, the award seeks to honour companies that have
contributed to the sustainability of their customer-base, bottomline, overall
organisational growth, and development of the country. Over 125 organsiation
made the final list.
Addressing journalists after receiving the award, SystemSpecs’
Chief Marketing Officer, David Okeme, said that the award has shown that the
company is winning on the kind of innovation the organisation is introducing
into the electronic payment space.
“We see payment as an activity that is a must for everybody. Our
mantra is that we are going out of our way to create innovations to simplify
payment processes for Nigerians. What we have done is that we have marked about
ten payment points for consumers and we are innovating around those payments
points to make sure that they are delivered seamlessly”.
Publisher of Businessday, Frank Aigbogun, said the newspaper seeks
to advance the philosophy and culture of innovation in our nation space, and to
recognize the people and companies that are driving it.
“Today, innovation is a key driver of organic growth for all
companies, regardless of sector or geography. Recognising the organization,
agencies, and individuals that are driving and advancing the culture of
innovation, the award brings together industry leaders across all sectors”, he
said.
Special adviser to the Governor of the Central Bank of Nigeria
[CBN], Emmanuel Ukeje, acknowledged that 2016 was particularly a tough year for
many of the companies. He said the CBN’s response to the economic recession was
supported by most of the private sector.
“In response to the recession, these companies looked for ways of
going round the recession and remain profitable. We are witnesses to what
happened”, he added.
Remita has been adopted by the Central Bank of Nigeria [CBN] for
the payment and collections of funds on behalf of the Federal Government of
Nigeria, and it is used by all commercial banks and over 400 micro finance
banks. The platform has helped to revolutionalize the e-payment industry in
Nigeria.
Okeme explained that SystemSpecs is wholly owned and run by
Nigerian with Nigerian software engineers, meaning that the “energy we talked
about is being created by Nigerians”.
According to him, “Remita is the system that is powering the
Treasury Single Account [TSA] and it has helped the country to save over N7
trillion. The benefits of this innovation is that Nigeria now has full
visibility of its cash asset so there is a lot more security in terms of her
assets and deploy its resources better”, he said.
He maintained that
Remita app combines the functions of several applications, saying that, it is
an app that allows users to connect to all the banks applications with one
click. He added that with the app, user can respond to payment requests
from restaurants, shopping outlets, schools, family, friends, or other billers
by quickly snapping, a QR code from his smartphone or tapping his device against
the biller’s to complete transactions.
Nonye Dom/GEE
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