Whether you intend to use Remita for personal or business purposes, this multi-device platform lets you view all your bank balances – from different banks – on a single screen, easily transfer money to one or more beneficiaries, pay bills, view detailed transaction reports on-the-go, and much more.

Remita also allows businesses to conveniently receive payments from customers in a faster manner, through nine different channels, including the Remita Mobile App and Website, Internet Banking, Point of Sales (PoS) Terminals, Debit/Credit Cards, Merchant’s Website, Bank Branches, Mobile Wallets and Standing Order/Direct Debit.

Fast emerging as Africa’s preferred payment platform, Remita is chosen by millions of people and thousands of organisations. It is the default payment gateway that facilitates the Federal Government of Nigeria’s Treasury Single Account (TSA), the largest and most impactful of its kind in Africa.

Remita launched in 2005 and is fully developed in Lagos Nigeria by SystemSpecs.



Awards &

The excellent service delivery of the past years has brought numerous awards and recognitions within and outside the country, including:

  • Most Innovative e-Payment Company of the Year
    BusinessDay Top 25 Most Innovative Companies & Institutions Award 2017
  • e-Payment Platform of the Year
    Beacon of Information & Communication Technology Awards 2017
  • Most Efficient e-Revenue Service
    CBN Card Expo Award 2016
  • Software Company of the Year
    National Information Technology Merit Award (NITMA) 2015
  • A growth engine for modern businesses in Africa

    Paystack builds technology to help Africa’s best businesses grow – from new startups, to market leaders launching new business models.

    We make it easy for businesses to accept secure payments from multiple local and global payment channels, and then we provide tools to help you retain existing customers, and acquire new ones.

    As makers and business owners ourselves, we’re inspired by a vision of millions of exceptional businesses across the continent who’re profitable, envied, and loved. We believe that in our lifetimes, businesses in Africa will routinely go toe to toe with the best companies on the planet, and win. Building that world gives us purpose, every day.

    This is the Paystack story as told through milestones

    • October 2018

      10 billion Naira in monthly transaction value

      For the first time, Paystack processes over 10 billion Naira (~$27.5 million) in a single month

    • August 2018

      Series A

      Paystack raises $8 million Series A led by Stripe, together with Visa, and follow-on investment from Tencent and Y Combinator.

    • February 2018

      Launch of Paystack Starter Businesses

      For the first time, businesses who aren’t yet formally registered are able to get started with online payments with Paystack

    • July 2017

      1 billion Naira in monthly transaction value

      For the first time, Paystack processes over 1 billion Naira (~$3 million) in a single month

    • July 2017

      Launch of Pay with Bank

      Paystack introduces the ability for customers to pay with only a bank account number

    • December 2016

      Seed investment

      Paystack raises $1.3 million from local and international investors, including Tencent, Comcast Ventures, and Ventures Platform

    • January 2016

      Public launch

      Paystack comes out of beta!

    • November 2015

      Y Combinator

      Paystack becomes the first Nigerian company to be accepted into the Y Combinator, the tech startup accelerator where companies like Dropbox and Airbnb were incubated

    • 2015

      Paystack is founded

      Paystack is founded by Shola Akinlade and Ezra Olubi, software developers and longtime friends

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