No fewer than 40 global business leader had the privilege to review SystemSpecs, Nigeria’s software powerhouse that developed Remita, used by the Central Bank of Nigeria (CBN) as payment gateway.
Remita, the indigenously-developed flagship payment technology platform by Nigerian technology company, SystemSpecs has lately come under renewed interest in Nigeria and beyond when it significantly revolutionized the electronic payment industry in Nigeria.
More importantly, Remita is now at the forefront of the Federal Government’s efforts to streamline its payments and revenue collection through the implementation of the Treasury Single Account [TSA].
Emmanuel Kitcher, Executive Director of Stanford SEED, host of the event where the session offered business leaders an opportunity to understand and evaluate the operating model of Nigeria’s SystemSpecs, a fast growing payment technology powerhouse rising out of Africa.
”The attention of business leaders and CEOs would be on Nigeria’s software powerhouse, SystemSpecs as it is x-rayed on Standford University SEED platform”, Kitcher, said at the event that attracted leaders and Professors from the Graduate School of Business, Stanford University and staff of Stanford SEED.
Other areas that business leaders focused on during the session include SystemSpecs’ origin, its transformation journey and the creative and innovative ways through which it has surmounted various environmental challenges.
Kitcher informed that Standford SEED is equally interested in “Systemspecs’ broad outlook for West Africa and for that matter, Africa rising. Of course, we would touch on Systemspecs’ ethical and core values, which have assisted it to excel in Africa’s largest economy.”
As at December 2015, all commercial banks and over 400 microfinance banks [MFB] in Nigeria had adopted Remita for payments and revenue collections across multiple channels.
According to John Obaro, the visionary founder of SystemSpecs “it is humbling that SystemSpecs a 100% indigenous technology company is the provider of Remita that is powering such a significant national initiative as the FGN TSA. It is also humbling to note that our efforts and commitment to strong ethical values are being discussed as a model for sustainable business in Africa.”
SystemSpecs’ board is led by Dr. Christopher Kolade, the former Nigerian High Commissioner to the United Kingdom.