Fintech is slowly but steadily becoming the order of the day, as the solutions, they provide make even everyday transactions easier. Fintech as its name describes involves the use of technology to solve financial problems.
Remita is a fintech solution that solves various transaction problems. Remita is used practically for all forms of transactions, from paying off utility bills to paying off school fees and down to everyday payments.
Business owners use Remita in their business transactions, customers can pay for services rendered on its platform, the invoice generated and these transactions can easily be tracked.
Remita offers pay gateways and allows one to integrate any of their choices while also providing plugins for e-commerce to be added to the platform.
These plugins make Remita unique to each individual as one can customize their account on the platform.
The platform also integrates various individual banks on their platform, in that an individual can access and manage two or more of his bank transactions from the platform.
Remita can be used on different levels, as an individual, as an organization and even as a government.
The Nigerian government previously utilized various channels to collect revenue resulting in theft or misappropriation of funds but now it uses Remita to collect and track revenues through a system called Treasury Single Account, and Remita, in turn, gets a commission.
Here, the revenue follows a single channel and is easily monitored.
Just as fintech solutions are introduced to make transactions easier, Remita does that and more. It offers an affiliate program where one can constantly earn.
To earn from Remita, one has to introduce the platform as the transaction model to either an organization, an enterprise or an institution and then a commission is paid to the individual anytime the group uses the platform for their transaction.
This way, the fintech company can be said to be solving two different problems simultaneously, providing a source of income while making business transactions easier.
Due to this, people are willing to embrace making their transactions using the fintech platform.
Payments and invoices can be tracked on the Remita platform, it has a 12-digit number which is unique for every payment, and before any payment is made an RRR, Remita Retrieval Reference Number is generated. The RRR code is then entered while making the payment.
The fintech company has won several awards in Nigeria. In 2015, the company won the Software company of the year award.
Similarly, in 2016 the company was awarded the Most Efficient e-Revenue Service during the CBN card expo award.
Also in 2017, the company won both the e-Payment platform of the year and Most innovative e-Payment company of the year.
In 2019, the fintech company was announced as the official collector of Nigeria’s Identity Number renewal fee.
Then, in 2020 the fintech company partnered with Cellulant to enable the company to expand its reach.
Cellulant operates in eighteen different African countries, so this partnership will aid Remita to have a broader reach, including both the underbanked and those without banks either to enjoy its services.
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