Nigeria’s leading payment platform, Remita, is all set to expand its operations beyond Nigerian borders after processing an impressive N60 trillion annually in transactions. Initially starting as a payroll feature, Remita has transformed into a robust fintech solution aiming to promote financial inclusion across Africa.
Key Points
- Remita processes over N60 trillion in transactions annually within Nigeria.
- The company is planning to expand its fintech solutions across Africa, focusing on financial inclusion and digital infrastructure.
- Originally a payroll feature, Remita has evolved into a standalone product, now providing various payment services.
- Remita has gained traction by supporting Nigeria’s Treasury Single Account (TSA) and building the country’s first account-to-account switching infrastructure.
- With over 300 employees, Remita aims to leverage its expertise to enhance payment solutions across the continent.
Why should I read this?
If you’re in the fintech space or simply interested in payment innovations, this article is a must-read! It shows how Remita’s success story is setting the stage for significant growth in Africa, demonstrating local innovation’s powerful role in redefining financial landscapes. You’ll want to keep an eye on this journey as it unfolds!
