By 
Remita has launched a new mobile application designed to allow users to manage multiple bank accounts, make payments and access a range of financial services from a single platform.
The application was unveiled at Nigeria Fintech Week 2026 (NFW26), marking Remita’s expansion from its long-standing focus on institutional and business payments into Nigeria’s consumer and retail financial services market.
Remita expands into consumer and retail payments
With more than two decades of experience providing payment services to financial institutions, businesses, government and individuals, Remita said the new application builds on its experience in digital payments while bringing a broader range of financial services directly to consumers.
Speaking at the launch, Remita Managing Director, ‘DeRemi Atanda, described the application as a significant step in the company’s expansion into the consumer and retail segment.
“We have been in the business of making everyday payments easier for people for over 20 years, and this represents a landmark for us as we move boldly into the consumer and retail space. While other platforms innovate around products, we are innovating the ecosystem bringing everybody together to serve the customer’s full financial life.
“There has been a lot of learning about what people want, and we are bringing that experience into the Remita App to change how people manage their finances. This is well beyond payments. This is a transformation of lifestyle, an expansion of access to financial services and greater ease.”
One platform for multiple financial services
The Remita App allows users to manage multiple bank accounts through participating financial institutions and access services including local and pan-African transfers, recurring payments, shares and stocks investment, a retail loans marketplace, flight and event ticket purchases, bills and utilities payments, micro-pensions and other financial services.
The company said the application was developed in response to the fragmented nature of financial services, where consumers often rely on different platforms to complete different financial transactions.
Adedayo Adewale, Head of Remita Consumer and Retail Business, said the application was designed to bring these activities together and reduce the need for users to move between multiple platforms.
“One of the challenges we have responded to is that individuals in Nigeria have fragmented financial services. Today, they have different apps for different needs but would rather do away with the stress of moving between multiple applications.
“They want to be able to start and complete their financial transactions from one place. We wanted to give Nigerians an everyday financial companion, not just another mobile app. From one platform, users can see their bank accounts, transfer funds, buy airtime and data, pay electricity bills, make government and merchant payments, and set up recurring payments among other things,” she said.
AI-powered financial management and cross-border payments
Beyond payments, Remita said the application includes tools for budgeting, expense tracking and monitoring personal financial activities, with artificial intelligence capabilities supporting some of its features.
The application also provides cross-border payment services across Africa through Remita’s partnership with the Pan-African Payment and Settlement System (PAPSS).
According to the company, users will be able to debit participating local bank accounts and transfer funds directly to accounts in other African countries through the application. The service is intended to extend Remita’s payment infrastructure beyond domestic transactions as cross-border financial activity across African markets grows.
From institutional payments to consumer finance
Atanda said Remita’s move into the consumer market was driven by the company’s experience of providing payment services to organisations and institutions over the past two decades.
“Our vision when we started was to make it easier for organisations to make diverse payments. Having learned over the years, it became clear that the next phase was to take that experience to consumers.
“We currently process more than ₦100 trillion every year, largely driven by corporate payments. As we enter the consumer space, we expect to see significant adoption in the months ahead,” he said.
The consumer expansion gives Remita an opportunity to apply its existing payment infrastructure and experience to a broader range of everyday financial activities, while increasing the number of services available through its digital ecosystem.
Remita outlines future of Nigeria’s payment ecosystem
At NFW26, Atanda also delivered a keynote address on the evolution of Nigeria’s payment ecosystem and the factors expected to shape the sector over the next decade.
He identified digital adoption, infrastructure, resilience, cross-border payments, regulation and cooperation as key areas that will influence the development of the payments industry.
“Having come this far, my hypothesis is that the next decade will reward ecosystems that convert digital adoption into trusted, resilient infrastructure. The infrastructure we are talking about will almost become invisible. They are not going to be the bridges you see or the roads; they are going to be the systems that support how we live and transact.
“Growth alone is no longer the measure of success. We will begin to define it in terms of impact, while resilience will be a shared investment because we are all connected.”
On cross-border payments, Atanda said payment infrastructure would increasingly support broader economic activity as African economies and markets become more interconnected.
“Payment infrastructure has become fiscal infrastructure. Over the last decade, we have seen enormous growth in instant payments, terminals, agent networks and financial inclusion, and these developments have changed the way money moves in Nigeria.
“The next step is taking that infrastructure beyond local transactions and into cross-border payments funded from local bank accounts. That is where technology, regulation and cooperation have to continue moving together.”
Remita said it plans to continue expanding the application through its network of banking and financial partners, with additional services expected to be introduced as its consumer offering develops.
Comments