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SystemSpecs Is Nigeria’s Most Efficient 3rd Party Processor-CBN



CBN Governor, Godwin Emefiele

The Central Bank of Nigeria (CBN) has declared that SystemSpecs, providers of Remita, the integrated fintech payment infrastructure and application is the most efficient third party payment processor in Nigeria.

This declaration was made at the 2019 edition of the CBN’s Electronic Payment Incentive Scheme (EPIS) Efficiency Awards, held in Lagos at the weekend.

The award, according to the organisers, is in recognition of SystemSpecs’ “outstanding performance in achieving the highest level of service uptime in the processing of card transactions across all channels in 2018.”

Now in its fourth year, the CBN EPIS Efficiency Awards celebrates financial institutions, payment processors, fintechs, merchants and other stakeholders at the forefront of driving electronic payment in Nigeria.

The awards, regarded as Nigeria’s most qualitative digital financial recognitions, are based on objective analysis of all epayments data collated by the Nigeria Inter-Bank Settlement System (NIBSS) over a full calendar year.

Commenting on the award, SystemSpecs’ managing director, John Obaro said, “We are glad to again be recognised for our commitment to providing robust and reliable payment processing services to customers and stakeholders within the Nigerian FinTech and financial ecosystem.

“Our emergence as the Most Efficient Thirty Party Processor serves as a reinforcement of our role and impact in driving efficient payments across various sectors of the economy.

It also strengthens our resolve to ensure the consistent satisfaction of our customers, irrespective of who, when, how or where they choose to use our services.”



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