E-Financial
SystemSpecs Releases Full Version of Remita App on Android, iOS

SystemSpecs, a leading financial technology firm in Nigeria, on Thursday released the full version of its innovative Remita Mobile Application, for both Android and Apple users, to help individuals access all their bank balances on one screen, conveniently make and receive payments across various bank accounts.
The Remita app also empowers users to settle various bills, request payment in style, easily manage their expenses, view their payslip and generally stay in control of their finances.
“With the full release of Remita Mobile App on Google playstore and Apple app store, more individuals can now take charge of their finances from anywhere and at any time- from the comfort of their mobile devices,” said John Obaro, managing director of SystemSpecs.
“Remita app places so much power in the hands of users by making it much easier and faster for them to manage their accounts across various banks and settle bills, on-the-go”.
Mr. Obaro said that with Remita Mobile App on their Android or Apple mobile devices, users would be able to send and receive money, manage their accounts across several leading banks in Nigeria, as well as settle bills of various kinds from the comfort of their mobile devices, without needing any other mobile app, any token, or visiting any bank branch.
“Also, whether for a business or personal need, payments can be requested in the most convenient manner and shared by email or any social media channel.
“All the payer had to do is to snap the QR code from their smartphone or tap their devices against the biller’s to complete transactions”, he said.
In addition to feature available on the app as at March of this year when it was released in beta version, users of Remita Mobile App will now enjoy a number of new features which would enable them to seamlessly make payments for others, view their payslips and manage their business and personal accounts with ease.
“As an organisation, we strongly believe that there is no ceiling to innovation. As a result, we are always working to surpass expectations and increase the ease experienced by individuals and businesses”, said Adédéjì Olówè, executive director, Product and Services at SystemSpecs.
We are convinced that Remita Mobile App will transform the payment experiences of the users across Nigeria’s financial landscape for good. Among other benefits, the power to make more financially intelligent decisions in now at their fingertip, ” Adédéjì added.
The in-built standard industry security measures as well as specific layers that guarantee the integrity of all access and transactions, including personal security number, fingerprint authentication, one-time password verification, among others.
Remita App is the mobile version of the award-winning Remita payment solution, which has for more than a decade helped many individuals and organisations to make and receive payments easily.
Remita Mobile App is available for download on Android playstore and iOS
in his remarks, Dr. Christopher Kolade, chairman, Board of Directors, SystemSpecs , extolled the innovative management team of the Company for rolling out the apps, stressing that “What SystemSpecs has done is a reminder to all of us that there are a lot of goods about Nigeria”.
He said that SystemSpecs has given the country’s financial industry another course to believe in indigenous applications.
E-Financial
Nigerian Banks End Years of Embargo, Resume Intl Transactions on Naira Cards

Nigerian banks have resumed international transactions on naira-denominated debit cards, marking a significant shift in banking operations for customers who rely on foreign payments.
This is coming nearly three years of suspension.
United Bank for Africa (UBA) and Wema Bank, in separate communications to their customers, announced the restoration of international payment services on their naira cards.
In a notice to its customers, UBA said the reactivation of international transactions on its premium naira cards aligns with its commitment to delivering improved and seamless banking experiences.
“We are pleased to inform you that all UBA Premium Naira Cards, including Gold, Platinum, and World variants, are now enabled for international transactions,” the bank stated.
“This means you can now use your Premium Naira Card for global payments — including online shopping, POS, and ATM transactions — with ease and flexibility. If you haven’t used your card recently, now is a great time to rediscover the convenience and prestige that comes with being a UBA premium cardholder.”
Similarly, Wema Bank announced that its customers can now make dollar payments on international platforms using their naira Mastercards.
“Your Wema Naira Mastercard just went global!” the bank said. “Now you can pay in dollars on all your favourite international platforms — Amazon, eBay, AliExpress, Netflix, Spotify, YouTube.”
The development marks a major relief for Nigerian customers who have had to rely on dollar cards or alternative payment methods since most banks suspended international usage of naira cards in 2021 due to foreign exchange scarcity.
E-Financial
Flutterwave Secures 20 more US Money Transmitter Licences

Flutterwave, Africa’s leading payments technology company, today announced the relaunch of its flagship remittance solution, Send App, across U.S. states following its newly acquired Money Transmitter Licences (MTLs).
This comes after Flutterwave secured 20 additional MTLs in the U.S., adding to the 14 licenses the brand has held since 2023.
Altogether, this achievement raises Flutterwave’s total number of direct licenses to 34, allowing the company to operate across many U.S. states and territories without partners or intermediaries.
Users in the U.S. can now send money to Nigeria, Ghana and Egypt, unlocking new remittance corridors that were previously unavailable.
Alongside this expansion, the onboarding process has been streamlined with a quick ID check, making it faster and easier for new users to get started.
Additional improvements include optimised payment support for US-issued Visa and Discover cards, enhanced security measures to safeguard transactions and maintain compliance, and improved in-app flows for a simpler, more efficient sending experience.
This return also highlights Flutterwave’s commitment to delivering a seamless, secure, and regulatory-compliant user experience for all Send App customers in the U.S. Users can now send money from DC, Georgia, Maryland, North Carolina, Michigan, South Carolina, Tennessee.
Other U.S. states and territories where Send App by Flutterwave supports outward remittances include Alaska, Arizona, Arkansas, Delaware, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Minnesota, Mississippi, and Missouri, Nebraska, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Puerto Rico, Rhode Island, South Dakota, Utah, Washington, West Virginia, Wisconsin, and Wyoming.
Commenting on the relaunch, Olugbenga “GB” Agboola, Flutterwave Founder and CEO, said, “By expanding our reach and enhancing our services, we are empowering millions of Africans in the U.S. to maintain strong financial ties with their home countries, support their families, and contribute to economic development across the continent. Additionally, we are staying true to our core mission of bridging Africa with the global economy and vice versa.”
Earlier this year, Flutterwave integrated Swap into Send App for seamless FX transactions and strengthened its services in Ghana by securing approval for inward remittance from the Bank of Ghana.
E-Financial
Court Affirms NIBSS Authority to Manage BVN

Federal High Court in Abuja on Friday affirmed the authority of the Nigeria Inter-Bank Settlement System (NIBSS), to manage the Bank Verification Number (BVN), database across the country, in line with the Central Bank of Nigeria (CBN), Act and other relevant banking laws.
This is according to a judgment delivered by Justice James Omotosho on Friday.
Wolemi Esan, senior advocate of Nigeria, NIBSS’s counsel, and Kofo Abdulsalam-Alada, lead counsel for the CBN, among others, had sought a restraining order to prevent any institution in Nigeria from challenging the agency’s statutory authority to maintain and manage the BVN database.
This comes as NIBSS had alleged that Digital Rights Lawyers Initiative filed multiple suits, either directly or through proxies, challenging its authority to manage the BVN database and claiming that such management violates constitutional privacy rights.
However, Justice Omotosho, delivering his judgment, said the BVN does not infringe on the constitutional right to privacy.
“The initiative does not infringe on the constitutional right to privacy but rather serves as a necessary tool for safeguarding public interest and enhancing financial security.
“NIBSS has the power to manage the BVN,” the judge said, citing relevant CBN laws.
“The court grants the reliefs of NIBSS as prayed,” he stated.
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