Remita is a popular online payment and collections solution, on a single platform that has all the banks in Nigeria linked to it. In fact, it is the officially chosen payment doorway of the Federal Government of Nigeria for the Treasury Single Account (TSA) rule. Also check how to correct your name on National Identity Card.
Remita has largely helped in repositioning the Nigerian electronic payment market, as it is adopted by the Central Bank of Nigeria (CBN) for the collections and disbursement of money on behalf of the Federal Government.
The platform provides payment assistance for all kinds of biller companies. Remita enables all organisations and individuals to receive and make payments for goods and services. It also enables one to pay utility bills, among others.
Important facts to know about Remita
- The software used by the platform was developed by a Nigerian owned FinTech Company called SytemSpecs, owned by John Obaro.
- Remita is the Federal Governments adopted payment channel for all payments accrue to it.
- For all transactions via the Federal Government’s Treasury Single Account (TSA), a service fee of 1% is deducted and shared among banks, CBN and Remita and other service providers concerned.
- By the Federal Government’s use of the channel, Remita is certified for use by the government of Nigeria.
- The payment channels is protected with advanced technology that combines hard, soft and biometric token and transaction authentication protocols.
- Remita platform assists you to receive and make payment without stress, with no activation charges.
- Your business partners and customers can pay you via apps, mobile wallets, POS, websites, internet banking, etc.
- Company staff can be paid their salaries through the platform’s HR and payroll features.
Why you should use Remita
- It offers more than online banking.
- With a single sign up, you can connect to all your bank accounts.
- It enables you to view your multiple account balances on one screen.
- You can use a single token instead of many.
- One transaction enables you to make payments from multiple accounts and across all banks.
- It enables you to make payment to mobile wallets, commercial and microfinance banks
- The platform provides you with detailed transactions histories.
- You can switch between all your personal accounts, companies, subsidiaries, associations, etc.
Remita payment methods
- Internet banking
- Cards and wallets
- Banking hall
Information required for Remita transaction
- Remita’s web address
- Beneficiary’s name
- Name of service and purpose
- Description
- Amount to pay
- Payer’s full name
- Payer’s email/phone number
How to use Remita to make an online payment
-
Visit https://www.remita.net
-
Select payment category i.e. standing order.
-
Select beneficiary’s Name: Type in the Name in the space provided. i.e. the name of the institution you are paying the money to.
-
State the purpose of payment or name of service in the drop-down list provided.
-
Describe what you are paying for.
-
Enter the amount you want to pay.
-
Type in your full name, email address and phone number.
-
Complete the Security Captcha.
-
Click on “Proceed to Payment” button.