Overview
Remita is a payment solution that helps individuals and businesses make and receive payments, pay bills, and manage their finances across multiple banks on a single platform. Developed by SystemSpecs, this Nigerian fintech platform serves as a comprehensive financial hub for both personal and business users.
The platform opens a whole new world of easy payments and collections that enables you to have a global overview of ALL the different bank accounts you register on the app. It’s designed for Nigerian users who want to streamline their financial activities across multiple banking relationships, making it particularly valuable for businesses and individuals managing complex payment workflows.
Key Features
Multi-Bank Account Management
View balances across different banks on one platform
Money Transfer Services
Send money to individuals and businesses across Nigeria
Bill Payment Hub
Pay federal/state government agencies and utility bills
Standing Orders Management
Set up recurring payments automatically
QR Code & NFC Payments
Snap or tap to pay functionality
E-Invoice Generation
Create and share digital invoices via email/social media
Expense Tracking
Visual charts showing spending patterns by category/period
Digital Receipts
Access payment evidence on the go
Airtime/Data Top-up
Recharge multiple beneficiaries at once
Corporate Payment Authorization
Approve organizational payments remotely
Pros & Cons
Advantages
- Multi-bank account consolidation
- Comprehensive bill payment options
- QR code and contactless payments
- Digital receipt storage
- Corporate payment workflows
Limitations
- Limited to Nigerian banks only
- Occasional app stability issues
- Service maintenance downtime
- Learning curve for new users
- Limited international functionality
Security Features
Data Protection: The platform uses encrypted communication protocols for all transactions and stores sensitive information using industry-standard encryption methods.
Authentication: Multi-factor authentication is required for account access, with additional verification for high-value transactions
Bank Integration Security: All bank connections are established through secure APIs with major Nigerian financial institutions, ensuring data integrity during inter-bank transfers.
Regulatory Compliance: Licensed and regulated by the Central Bank of Nigeria (CBN), ensuring adherence to national financial service standards
Transaction Monitoring: Real-time fraud detection systems monitor unusual transaction patterns and automatically flag suspicious activities.
Privacy Policy: The platform maintains strict data privacy policies, limiting data sharing to essential transaction processing only.
Pricing & Fees
| Service | Fee | Details |
|---|---|---|
| Money Transfers | 0.5% - 1.5% | Varies by amount and destination bank |
| Bill Payments | ₦50 - ₦100 | Fixed fee per transaction |
| Standing Orders | ₦25 per transaction | Automated recurring payments |
| Corporate Services | 1.0% - 2.5% | Based on transaction volume |
| QR/NFC Payments | Free | No additional charges |
| Account Linking | Free | No cost to add bank accounts |
Getting Started
Detailed Ratings
Final Verdict
Remita offers a solid payment solution for Nigerian users seeking consolidated financial management. While limited geographically, its comprehensive feature set and bank integration capabilities make it valuable for local transactions and business operations.