Innovative financial App launches on Android, IOS

Innovative financial App launches on Android, IOS

Managing Director of SystemSpecs, Mr. John Obaro

SystemSpecs, one of Nigeria’s financial technology companies, has recently released its Remita Mobile Application on Android and IOS to increase payment options to consumers. The App is said to help individuals and businesses manage accounts across multiple bank accounts, settle bills of various kinds and generally stay in control of finances seamlessly.

It comes with advanced features designed to protect users from fraud. It is the mobile version of the award-winning Remita payment solution, which has for more than a decade helped many individuals and organisations to make and receive payments easily.

The full version of the app is coming after its beta version was released on the Android platform in March 2017. With the Remita Mobile App on Google play store and Apple app store, millions of Nigerians with accounts in any commercial bank can easily access their account balances on one screen, conveniently make and receive payments across various bank accounts, and settle bills to several merchants within the private and public sectors from their mobile phone.

According to Managing Director of SystemSpecs, John Obaro, “Remita App places so much power in the hands of users by making it much easier and faster for them to manage their accounts across various banks and settle bills on-the-go. It is particularly exciting that so much can be done from the comfort of their mobile device without needing any other mobile app, any token or visiting any bank branch.”

While shedding more on the processing of individual account, Obaro said, “It is different from the one of corporate organisations. Before an individual comes on board, we will first of all do some security checks to ensure that the person is not an imposter, then we create a profile to help them authorise transactions. We use what we call dynamic authentication number; this allows the number or pin to change on a daily basis depending on how the user has configured it.”

He said the company works hand in hand with telecoms and banks to ascertain real holders of accounts, “but delivering of one-time password does not require us to partner with anyone of them.”

Another feature of the new App is that it allows users, whether individuals or businesses, to request payments from anyone in style. At a click, they can simply share a QR code via email, WhatsApp and other social media platforms.

Executive Director, Products and Services, SystemSpecs, Adédèjì Olówè, stated that the security of access and transactions on the platform has been prioritised through standard industry security measures as well as specific security layers built into the app. Such measures include Personal Security Number, fingerprint authentication and One-Time Password (OTP) verification.

According to Olówè, “SME owners can easily switch between their business and personal profiles on the platform. They can also translate their existing physical process flows into a virtual form. As a result individuals, who, for instance, play different roles in various organisations, as transaction approvers, would be able to play such roles using Remita Mobile App from their mobile phone without needing to make physical appearances at work.

Chairman, SystemSpecs, Dr. Christopher Kolade, commended Obaro and his team, saying, “They remind us that there is a lot of goodness in this country. We need to apply this for our own growth. In spite of the non-functional infrastructure we have, individuals are still coming up with innovative ideas.” 

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