SystemSpecs and Maxim-Pro have signed a Memorandum of Understanding to integrate Remita e-Payment platform and MaxiSoft banking application.
The agreement is expected to boost the Nigerian e-Payment system
The agreement entails the seamless integration of Remita with MaxiSoft banking application and the training of key personnel of the microfinance banks that use MaxiSoft application. This will eventually result to the spread and permeating of e-payment to rural areas in the country.
“Our decision to collaborate with Maxim-Pro is to further deepen the application of True e-Payment in Nigeria payment system and to ensure that the federal government and CBN directives on payment is strengthen and sustained for greater success.” said John Obaro, managing director, SystemSpecs.
“While any microfinance bank will still be able to receive funds via Remita platform, microfinance banks using Maxim-Pro have the distinct advantage of a through-straight-through process between Remita and MaxiSoft,” he added.
Yinka Oyewumi, managing director of Maxim-Pro said “We are confident that we have made the right decision and chosen the right e-Payment application that will make payment a delight and transform banking in microfinance banks.”
Maxim-Pro is an indigenous software company whose product, MaxiSoft is used by over 125 microfinance banks in Nigeria. Maxim-Pro decision was based on the need to ensure that users of their application are properly positioned and connected to the most widely used e-Payment platform by commercial banks in Nigeria and to synch the microfinance banks payment transactions with that of mainstream banking institutions. Also, workers whose salaries and suppliers whose accounts are domiciled in the microfinance banks can now be paid directly. Furthermore, through this collaboration the microfinance banks will become CBN compliant and they will continuously benefit from the world class technology provided by SystemSpecs.
Remita is an e-Payment platform that enables you to pay workers salaries, vendors/suppliers, pension remittance to PFAs/PFCs, taxes to FIRS & BIRS, HMOs, NHF with associated schedules to relevant bodies on a secured platform. It also notifies recipients through SMS as soon as payment is made.