By Chinwendu Obienyi
Remita, Nigeria’s indigenous payment platform, has revealed it processes over N60 trillion worth of transactions annually as it prepares for a bold expansion across the African continent.
Its Managing Director, Deremi Atanda revealed this in an exclusive interview seen by Daily Sun.
Developed by SystemSpecs, Remita has evolved from a payroll processing feature to a robust standalone fintech company with a Central Bank of Nigeria (CBN) Tier 1 licence. Today, it offers a broad suite of services including payment switching, payment service provisioning, terminal services, and super agency operations.
While highlighting the platform’s evolution from a simple payroll feature to a full-fledged fintech ecosystem, Atanda noted that the firm is now positioned for continental scale.
He said, “We have become an ecosystem of rails, products, and services—robust,” Atanda said. “Every year, we process over N60 trillion in transactions, and this can only grow, especially as we begin to think of a vibrant Pan-African expansion.”
Atanda recounted Remita’s early beginnings as a simple remittance tool within SystemSpecs’ HR/payroll application. “Over time, growing demand for broader payment capabilities led to the platform’s transformation into a full-fledged payment technology provider.
What started as a payroll feature became a product, and then a company. That evolution has been the foundation of our journey,” he said.
Remita’s breakthrough came with its involvement in the Federal Government’s Treasury Single Account (TSA) initiative, where its technology facilitated unified public sector revenue collection.
However, Atanda noted that even before TSA, Remita had already pioneered Nigeria’s first account-to-account payment switch in collaboration with multiple banks.
With over 300 staff and a client base that spans public institutions, private enterprises, and individuals, Remita is now preparing for regional growth. Its Pan-African vision includes offering digital infrastructure and payment solutions in underserved markets across the continent.
Chairman of Digital Transformation Media Limited, publishers of eGovernance Nigeria Magazine, Shina Badaru, noted that Remita’s story is a shining example of how homegrown innovation is redefining the African fintech narrative from local impact to continental scale.