Remita has expanded its footprint beyond its traditional payments business with the launch of a new mobile application designed to bring banking, payments, investments and personal money management into a single platform.
The financial technology company unveiled the application at the Nigeria Fintech Week 2026 (NFW26), held at the Wole Soyinka Centre in Iganmu, Lagos, on Tuesday, September 22, describing the move as a significant step into Nigeria’s consumer and retail financial services market.
The new Remita App allows users to connect multiple bank accounts from participating financial institutions while accessing a broad range of everyday financial services without having to switch between different applications.
The platform combines multi-banking with local and pan-African transfers, recurring payments, bills and utilities, airtime and data purchases, government and merchant payments, as well as investment and credit-related services.
Users can also access shares and stocks investment options, a loans marketplace for retail credit, local and international flight tickets, event tickets and micro-pension services through the platform.
Speaking at the launch, Remita Managing Director, ‘DeRemi Atanda, said the application marked a major development in the company’s evolution after more than two decades in the digital payments industry.
“We have been in the business of making everyday payments easier for people for over 20 years, and this represents a landmark for us as we move boldly into the consumer and retail space. While other platforms innovate around products, we are innovating the ecosystem bringing everybody together to serve the customer’s full financial life. There has been a lot of learning about what people want, and we are bringing that experience into the Remita App to change how people manage their finances. This is well beyond payments. This is a transformation of lifestyle, an expansion of access to financial services and greater ease.”
Atanda said the company's experience serving financial institutions, fintech businesses, government and other organisations had provided insights that could now be applied to the consumer market.
The company said the new application was developed around the reality that many Nigerians maintain accounts with several banks while relying on different applications for separate financial activities.
Rather than requiring users to move between multiple platforms, Remita said its new app brings several of those services together, allowing customers to view and manage their finances from one location.
Adedayo Adewale, Head, Remita Consumer and Retail Business, said the product was created to address the fragmentation experienced by consumers in managing their financial activities.
“One of the challenges we have responded to is that individuals in Nigeria have fragmented financial services. Today, they have different apps for different needs but would rather do away with the stress of moving between multiple applications. They want to be able to start and complete their financial transactions from one place. We wanted to give Nigerians an everyday financial companion, not just another mobile app. From one platform, users can see their bank accounts, transfer funds, buy airtime and data, pay electricity bills, make government and merchant payments, and set up recurring payments among other things,” she noted.
Beyond transactional services, the app also incorporates personal financial management features, including budgeting, expense tracking and tools designed to give users greater visibility into their financial responsibilities.
Remita said these capabilities are supported by its artificial intelligence efforts, which it expects will help deliver a more personalised experience for users.
The application also extends the company's proposition into cross-border transactions, particularly within the African continent.
Through its partnership with the Pan-African Payment and Settlement System (PAPSS), users will be able to debit their local bank accounts and transfer funds to accounts in other African countries directly through the Remita App.
The feature is expected to give consumers an alternative way of making cross-border payments without leaving the application or relying on a separate platform, bringing domestic and regional transactions into the same digital environment.
For Remita, the launch represents a significant shift from its established business model, which has largely focused on providing payment infrastructure and services to organisations and institutions.
The company currently processes more than ₦100 trillion in transactions annually, with corporate payments accounting for a substantial portion of its transaction volume.
Atanda said the company's long-term experience in the institutional payments market had created a foundation for its expansion into consumer financial services.
“Our vision when we started was to make it easier for organisations to make diverse payments. Having learned over the years, it became clear that the next phase was to take that experience to consumers. We currently process more than ₦100 trillion every year, largely driven by corporate payments. As we enter the consumer space, we expect to see significant adoption in the months ahead,” the MD said.
At the NFW26 event, Atanda also delivered a keynote address on the evolution of Nigeria's payment ecosystem and the factors expected to influence its development over the next decade.
His presentation focused on digital adoption, infrastructure, resilience, cross-border payments, regulation and collaboration among stakeholders in the financial technology ecosystem.
“Having come this far, my hypothesis is that the next decade will reward ecosystems that convert digital adoption into trusted, resilient infrastructure. The infrastructure we are talking about will almost become invisible. They are not going to be the bridges you see or the roads; they are going to be the systems that support how we live and transact. Growth alone is no longer the measure of success. We will begin to define it in terms of impact, while resilience will be a shared investment because we are all connected.”
He also highlighted the growing importance of payment systems to broader economic activity, arguing that developments in digital payments were increasingly becoming part of the infrastructure supporting the economy.
“Payment infrastructure has become fiscal infrastructure. Over the last decade, we have seen enormous growth in instant payments, terminals, agent networks and financial inclusion, and these developments have changed the way money moves in Nigeria. The next step is taking that infrastructure beyond local transactions and into cross-border payments funded from local bank accounts. That is where technology, regulation and cooperation have to continue moving together,” he added.
The launch positions Remita to compete more directly in the consumer financial services segment, while leveraging its existing network of banking and financial partners and its experience in processing payments at scale.
The company said it plans to continue expanding the application through its ecosystem of partners, introducing additional capabilities and services as the consumer proposition develops.
With the new platform, Remita is seeking to move from being primarily a payment service used by institutions and businesses to becoming an everyday financial platform through which individual consumers can manage a wider range of financial activities from a single application.