Remita Wins Most Efficient E-Revenue Service Award

Remita, the integrated electronic payments and collections platform developed by Systemspecs has been adjudged the “Most Efficient e-Revenue Service” at the recently concluded CBN CardExpo Africa Awards 2016.

The recognition reinforces Remita’s position as a strong emerging leader in the innovative financial technology and services space in Nigeria and the larger African landscape.

According to the organisers, Remita is the most viable electronic revenue collection platform among many other options available in the market today.

In its 16th year, the CBN CardExpo is an annual 3-day conference organised by Intermarc Consulting in partnership with the Central Bank of Nigeria (CBN) to showcase the most exciting developments within Africa’s payment industry.

The award, presented by the Director General of Nigerian Tourism Development Corporation, Mrs Sally Mbanefo, follows other recent honours accorded the financial technology brand at home and abroad.

John Obaro, managing director/CEO of SystemSpecs, said that the company is inspired by the recognition and would continue to "extend the frontiers of financial technology innovation which Remita has now come to be known for.”

According to him, the firm believe there are grounds to be covered in the revenue collections and payments space, adding that the company is  committed to working with individuals, businesses and governments in Nigeria and other African countries to "take advantage of our innovative technology to achieve their objectives.”

Remita is the technology behind the highly successful Treasury Single Account (TSA) initiative of the Federal Government of Nigeria, and has enabled the government to take full control of over N3 trillion of its cash assets as at the end of the first quarter of 2016.

Flowing from the huge success recorded on the TSA initiative riding on revenue collection technology provided by Remita, the Federal Government has recently recommended TSA implementation as a pre-condition by state governments seeking to take advantage of bailout funds to be provided by the Federal Government.

Remita is the flagship product of SystemSpecs, the 24-year-old software company widely regarded as Nigeria’s leading software house and home to many of Nigeria’s exceptional software talents.