Nigeria ends 13-year Remita partnership, launches new treasury system
The Federal Government of Nigeria has terminated its longstanding relationship with Remita. Remita processed $30 billion annually in 2016 from various transactions.
Nigeria abandons treasury single account gateway Remita after 13 years
Nigeria's government is discontinuing its partnership with Remita to introduce the TMRAS payment system. TMRAS will streamline payment collections across ministries, departments, and agencies.
Allawee credit card launch in partnership with Mastercard, in line with Credicorp 2030 mandate
Allawee launched a credit card for Nigerians in partnership with Providus Bank, Mastercard, and Remita. The card allows users to access 30-90% of their net income in credit, capped at ₦1,000,000 ($605).
Nigerian Fintech Week Day 2: How failure drives innovation in Nigerian fintech
The keynote speaker emphasized the importance of failing fast and viewing it as an opportunity for rapid learning and innovation. AI's applications in payments include improving security and fraud protection, process automation, and personalized customer experiences.
