SystemSpecs, NIBOX Ink Deal to Deepen Financial Inclusion

SystemSpecs, the Nigerian company with interests in financial technology, designs and development of human resource management, (HRM) solutions and NIBOX, a multi-platform payment solution provider, have entered a partnership to extend financial products and services to the banked, under-banked and unbanked in the country.

SystemSpecs in a statement, said it would leverage NIBOX’s self-service payment terminals strategically located throughout Nigeria, and online through its innovative mobile platforms.

Through this partnership, it added that services such as federal and state governments’ payments, electricity recharge token, airtime and data phone top-up, cinema tickets purchase, insurance premium payment, cash transfers and other utility bills would be accessible on NIBOX touch points.

It added NIBOX had deployed 55 terminals in Lagos and Abuja, with plans to deploy additional 500 terminals in Lagos and Abuja by the end of 2019.

“We are glad to be collaborating with SystemSpecs to deliver new services to customers. Indeed, the value proposition and attainments of the Remita brand are a boost for this partnership and would ultimately be to the advantage of the end-user, who would now have improved access to various services and products across Nigeria,” Dr George Manuwuike, chief Executive officer/founder, NIBOX, said.

“This partnership is also in line with our aim of becoming the fastest and most convenient platform for cash payment for broad-based goods and services for public and private sectors,” Manuwuike added.

Commenting on the development, Demola Igbalajobi, SystemSpecs’ divisional head, Payment Gateway and Infrastructure, said, “At SystemSpecs, we understand that access to financial services is key to the development of a strong and efficient financial ecosystem, which facilitates economic growth. It is therefore a delight for us to partner with NIBOX to further bring Remita services closer to customers at their point of convenience using NIBOX touchpoints.”