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Crime / Re: Avoid Lendha Loan Company. These Guys Are Crooks And Unprofessional by gsandakey(m): 12:56pm On Jun 24, 2021
Sorry about your experience. I think you should have just cancelled the debit mandate you activated on remita before you started repaying them manually through transfer. As long as you activated the automatic thing on remita, they will do their own job even if you transfer manually. It is not remita's fault but a problem between you and LENDHA. I am sure they will help you sort it out.



bizlinks:
I am writing to report a criminal case in disguise as a financial company called LENDHA.
Lendha claims to be a financial company that gives out loans but in disguise teams up with a payment company called REMITA to siphon people's accounts to the last kobo.

October 2020, Lendha approached us to obtain a business loan from them at 7% monthly interest. The interest is too high for a business loan but after deliberations and promises that the interest will be reduced sooner, we agreed to work with them. We processed a 1.5million naira loan and 2 automatic remittance was activated to our 2 Business accounts (Zenith and Access Bank). On the 30th Nov 2020, we received credit of N1,485,000.

On the 30th December, we paid our first installment by transfer but during our second installment, we noticed that they will request for transfer payment and still debit our account through Remita. This continues and we will always write them for a refund but instead they will hold the fund till our next payment which is a breach of agreement, so we demanded 1% charge daily on every early debit or our funds in their custody as they also placed a 1% default charge on late repayment.

We do not have control over the remita, so we decided to stop transfer payment and allow their Remita to debit our account but they called to inform us that the Remita has been stopped, that we can transfer not knowing that it was a fraud statement. We funded our account and made the transfer for the 4th month repayment. 10mins after the transfer, we started receiving debits to a tone of over 600,000 naira done by the same Remita they claimed to have stopped. We started calling them and writing mails to get our refund but no response. We wrote mail instructing them to end and liquidate the loan in the 5th month by collecting all their outstanding and refunding us our balance but they never reply to our mails or take our calls.

This loan tenor is 6 months, to end 30th May 2021 but we requidated the loan on April 30th 2021 but as we speak now, their Remita is still siphoning every dime in our business accounts thereby making it unsafe for us to use in receiving payments from our customers. So far they have debited us a total sum of N2,522,687.5 against their N2,025,000 total repayment

1. LOAN AMOUNT: N1,485,000
2. REPAYMENT AMOUNT: N2,025,000
3. DEBITED AMOUNT: N2,522,687.5
4. EXCESS DEBIT AMOUNT: N497,687.5
5. 1% DAILY CHARGE AMOUNT: N323,786.7 as at today 23/06/2021 Beakdown April 1% Charge on N611,505 for 9days at 6,115.05 x 9 = N55,035.45 + May till date 1% charge starting from 1st May 2021 to 23rd June 2021 on N497,687.5 excess debit fund divided by 100 x 54days = N268,751.25
7. LOAN MONTHLY REPAYMENT AMOUNT: N355,000 x 6month - 105,000 7% interest for the 6th month because we requidated in the 5th month

TOTAL AMOUNT TO REFUND TO US AS AT TODAY 23/06/2021 IS 497,687.5 + 323,786.7 = (N821,474.2)
Programming / Re: Help: Integrating Remita Payment Gateway For Single Payment/splitting Payment by gsandakey(m): 7:03am On Jun 04, 2021
Hi Faith,

You can easily perform split integration and more on Remita. Just visit www.Remita.net/developers to download all the codes and APIs free of charge.

If you have any issue, join the Remita developers Slack community to get help using this link: https://join.slack.com/t/remitadevs/shared_invite/zt-n8virxx2-po~abw6uQRON55AhbKZcAg

Cheers.



faithfuldon7:
Dear Noble Colleagues,

I am a newbie in programming in ASP.NET and I am working on a project that requires collection of payment from customers. my problem is Integrating Remita Payment Gateway to the site and return the customer back to the site after a successful transaction on remita.

What I have done is to create a biller and link it within my codes but validating is now manually done which cumbersome for me. I was told that there's a code in Remita that can automatically validate the customer and return them to the site as successful even if they GENERATE RRR and go to the bank for payment.

Also want to know if the payment made can be split into two accounts... E.G if a customer paid for the product for 8,000 naira.. Can I make 5000 goes to one Account and 3000 to another.

Please help a brother. You can drop any useful information here or to my mail peaceforum.asso@gmail.com

Thank you as I await your swift responses
Events / Dr. Yemi Kale, Yaw, MC Lively, Tobi Bakre, Others Set For Lagos Digital Summit by gsandakey(m): 9:26am On Oct 21, 2019
[img][/img]

After a highly successful second edition in 2018, Mustardels Media, a frontline digital media outfit, is set to host the 2019 edition of the Lagos Digital Summit (LDS), a gathering of digital communication adopters, professionals and enthusiasts for the accelerated development of their businesses and the attainment of consistent value-add to various sectors and spheres of existence in Nigeria.

Organised in collaboration with Expoze Nigeria, a leading Lagos-based digital media firm, the summit, themed “Leveraging Digital Innovation & Story Telling”, would hold on Friday 22nd November 2019 at The Zone Tech Park, Gbagada Lagos by 10:00 am and will focus on the use of digital tools for storytelling and how founders as well as managers can ensure the relevance and profitability in a fast-evolving digital world.

“We are enthused to host LDS again because of the zeal to see entrepreneurs, tech and media enthusiasts take advantage of digital tools to grow their businesses in the coming years,” said Wale Adetona, one of the organisers and partners of Mustardels Media.

“Over a thousand people have registered so far and we look forward to welcoming everybody as we are set to make their attendance worthwhile through engaging discussions, valuable insights and transformative ideas that would emerge from the summit.” Adewale added.

The keynote speech at the summit will be delivered by Segun Awosanya, popularly known as Sega.

Attendance is FREE. Register at www.lagosdigitalsummit.com

Education / Re: Registration For 2019 WAEC Series B (aug/sept) Examination Now On by gsandakey(m): 11:16am On Jun 11, 2019
Cc Fynestboi, laslasticlala

gsandakey:
The West African Examination Council (WAEC) has announced the commencement of the sales of the second series of it's Private Examination.

The West African Examination Council (WAEC) has announced the commencement of the sales of the second series of it's Private Examination. The registration ends on July 19th, 2019.

If you have any sibling, neigbour, friend or relative planning to sit for the exam, please ask them to visit www.bit.y/remitawaec to get their PIN and then proceed to https://registration.waecdirect.org/SecondSeries/ for their registration.

Education / Registration For 2019 WAEC Series B (aug/sept) Examination Now On by gsandakey(m): 11:07am On Jun 11, 2019
The West African Examination Council (WAEC) has announced the commencement of the sales of the second series of it's Private Examination. The registration ends on July 19th, 2019.

If you have any sibling, neigbour, friend or relative planning to sit for the exam, please ask them to visit www.bit.y/remitawaec to get their PIN and then proceed to https://registration.waecdirect.org/SecondSeries/ for their registration.

Autos / Canada Shipped Honda Accord - 2006 Black by gsandakey(m): 3:33pm On Jan 17, 2018
SOLD

Education / Re: How To Purchase 2018 JAMB PIN On Remita by gsandakey(m): 10:54pm On Jan 11, 2018
Simply send them a mail to support@remita.net with your RRR, they will fix it immediately.

AlexCk:
Please oo,

I paid through remita for this jamb thingy 3days ago for my cousin, till now i never receive any pin oo, and I've been debited already,
Please help oo,
Do i contact remita, and how do i do so,
Education / Re: How To Purchase 2018 JAMB PIN On Remita by gsandakey(m): 10:45pm On Jan 11, 2018
No you can't use it for Direct Entry. When the sales of DE form starts, it would be announced.

DAVIES27:
PLEASE CAN THE PIN, ALSO BE USED TO REGISTER FOR DIRECT ENTRY? PLEASE RESPOND...
Education / Re: How To Purchase 2018 JAMB PIN On Remita by gsandakey(m): 10:42pm On Jan 11, 2018
Simply proceed to any accredited CBT center for your biometrics

Olulinks:

After this, what's next?
Education / Re: How To Purchase 2018 JAMB PIN On Remita by gsandakey(m): 10:41pm On Jan 11, 2018
After buying your PIN, simply proceed to any accredited CBT center for your Biometrics.

Olulinks:
What do we do now after generating the pin?
Education / Re: How To Purchase 2018 JAMB PIN On Remita by gsandakey(m): 10:39pm On Jan 11, 2018
Input your phone number with the code 234
Godweapon30:
I have been trying to purchase jamb form via remita but given error that the phone is invalid
Education / How To Purchase 2018 JAMB PIN On Remita by gsandakey(m): 2:50pm On Jan 11, 2018
Aspiring Jambites, make use of this!!

Remita have reduced the Stress and Struggles for you!!

No need to join long queues, JAMB and Remita have made UTME forms purchase easier.

Here’s how it works:
- Create your profile by sending your Surname, First Name and Middle Name (where applicable) by SMS to the JAMB short code, 55019
- You will receive a 10-character confirmation code on the same telephone number which will be used to procure your ePIN
- Visit https://remita.net
- Click the "Buy JAMB FORM" button
- Select ‘Sales of JAMB/UTME Registration Forms’ in the ‘Name of Service/Purpose” column
- Enter your registered phone number (the one on which you received the confirmation code)
- Enter other details and select how you want to pay
- Click ‘Submit’

After payment, your PIN is delivered to your phone number and also displayed on your Remita receipt.

Fore more details, visit http://www.remita.net/jamb or follow @RemitaNet on Twitter and Instagram

5 Likes

Business / Re: CAC Reviews Cost Of Business Registration, Says Now Cheaper by gsandakey(m): 10:46am On Oct 05, 2017
Thanks for this clarification bros... It's the same thing i have been telling my friends who have all allowed Lawyers to scam them.

I did mine recently and it was a smooth process for me. It was even done with that their new Remita App.

All i did was just to download the App on Apple store and i added my bank account, then used the RRR i got from CAC portal to make the payment.


Osila2:
I would like to put these out to whom it may concerned:
1. You don't need any or the services of a lawyer, secretary, professional, accredited agent or any other 3rd party to incorporate or register your new business;
2. You are qualified to drive the whole process online without anybody being involved IF you are the business owner or director in the new business;
3. No matter your location in the world, you can drive, process and obtain your Certificate. There is no location barrier or preference;
4. All the summary of fees and forms applicable to drive the business name or I corporation applications are on the CAC's site;
5. CAC's customer care direct phone numbers are available within the working hours of the week and they are ready to help or advice. The numbers are:
0703 973 3251
0818 229 8971
0818 229 9016;
6. You don't need to have an account in paying for CAC's service. Walk into ANY bank and pay through Remita account therein;
7. You pay the EXACT amount indicated on CAC site through Remita or your ATM;
8. There is NO NEED and you DON'T have to visit the CAC's office to drive the process which can be done in the comfort of your home, office, on the field etc. Unless you are for the collection of your Certificate;
9. If you want to use your phone, and for effective operations, use Chrome browser. Go to settings. Click, activate and mark "Request desktop site" and you are good to go.
Education / How Students Can Make Post UTME, School Fee Payments Easily With Remita App by gsandakey(m): 2:22pm On Sep 15, 2017
Are you a prospective student or student of any Federal Tertiary Institution?

Below is a quick guide on how to make payments to your school easily from your mobile phone.

I just discovered that using the Remita app can make the process easier.

1 Visit your school portal to make payments for Post UTME/ School Fees/Student Levy etc
2 Login with your credentials, fill all necessary details
3 Generate and print payment advice that contains RRR
4 Download Remita App to your mobile phone by visiting www.remita.net/mobileapp
5 Use the 'Pay RRR' menu on the app to make your payment
6 Check your email inbox for payment receipt

Education / How To Purchase JAMB UTME Form Via Remita by gsandakey(m): 5:04pm On Apr 04, 2017
Now, you can buy your JAMB (UTME) form easily even on weekends, public holidays and after working hours. No need to join long bank queues.

Here’s how it works:

1. Visit www.jamb.org.ng/efacility and login with your email
2. Under “Sales of Form”, click “UTME Examination”

[img][/img]

3. Click “Remita Payment” and Continue to payment

[img][/img]

[img][/img]

4. Pay easily with any of the options below:
a. Download Remita mobile App, select ‘Do More’ to ‘Pay RRR invoice’ directly from your bank account or with your Debit Card.
b. Internet Banking of select Banks
c. Process your RRR at any Bank Branch
5. After payment, your PIN will be sent to your JAMB profile email address.

Note:
• You can also view the PIN via the UTME examination menu on the portal, or the online receipt of your Remita App.

1 Like

Education / Re: Has Anyone Registered For JAMB 2017 UTME? Share Experiences Here! by gsandakey(m): 1:23pm On Apr 04, 2017
I have done for my cousin. This is how you can buy your JAMB (UTME) form easily using Remita. No need to join long bank queues.

Here’s how it works:

1. Visit www.jamb.org.ng/efacility and login with your email
2. Under “Sales of Form”, click “UTME Examination”
3. Click “Remita Payment” and Continue to payment
4. Pay easily with any of the options below:
a. Download Remita mobile App, select ‘Do More’ to ‘Pay RRR invoice’ directly from your bank account or with your Debit Card.
b. Internet Banking of select Banks
c. Process your RRR at any Bank Branch
5. After payment, your PIN will be sent to your JAMB profile email address.
Education / Re: What Issues Are You Facing With 2017 Jamb Registration? by gsandakey(m): 1:22pm On Apr 04, 2017
No need to waste time. You can NOW buy your JAMB (UTME) form easily even on weekends, public holidays and after working hours. No need to join long bank queues.

Here’s how it works:

1. Visit www.jamb.org.ng/efacility and login with your email
2. Under “Sales of Form”, click “UTME Examination”
3. Click “Remita Payment” and Continue to payment
4. Pay easily with any of the options below:
a. Download Remita mobile App, select ‘Do More’ to ‘Pay RRR invoice’ directly from your bank account or with your Debit Card.
b. Internet Banking of select Banks
c. Process your RRR at any Bank Branch
5. After payment, your PIN will be sent to your JAMB profile email address.
Education / Re: 2017 Jamb Form For Sale At The Rate Of 7000 Grab It Now by gsandakey(m): 1:21pm On Apr 04, 2017
Why go waste money when you can buy your JAMB (UTME) form easily even on weekends, public holidays and after working hours. No need to join long bank queues.

Here’s how it works:

1. Visit www.jamb.org.ng/efacility and login with your email
2. Under “Sales of Form”, click “UTME Examination”
3. Click “Remita Payment” and Continue to payment
4. Pay easily with any of the options below:
a. Download Remita mobile App, select ‘Do More’ to ‘Pay RRR invoice’ directly from your bank account or with your Debit Card.
b. Internet Banking of select Banks
c. Process your RRR at any Bank Branch
5. After payment, your PIN will be sent to your JAMB profile email address.
Technology Market / Systemspecs Releases Remita Mobile App, Unveils New Remita Logo by gsandakey(m): 9:28am On Mar 11, 2017
SystemSpecs, a leading financial technology company in Nigeria and owners of Remita, today announced the release of the beta version of their much anticipated Remita Mobile Application, to empower individuals to view multiple bank balances on one screen, make payments from and to various bank accounts including microfinance banks, settle various bills to Federal and State Government agencies as well as other billers, easily manage their expenses, and other key capabilities that allow users stay in firm control of their finance.

“Remita Mobile App will provide individuals with a much easier way to manage their finance,” said John Obaro, SystemSpecs’ Managing Director at a ceremony held recently in Lagos where a new Remita logo was also unveiled. “Now, with Remita App, customers of various banks will experience increased convenience, as they would be able to access their various accounts, seamlessly settle bills, and stay in firm control of their finance, anytime, from anywhere, on a single app.”

[img][/img]


Read more: https://techpoint.ng/2017/03/10/systemspecs-releases-remita-mobile-app-unveils-new-remita-logo/

Webmasters / Systemspecs Releases #remitaapp, Unveils New Remita Logo - by gsandakey(m): 9:13am On Mar 11, 2017
SystemSpecs, a leading financial technology company in Nigeria and owners of Remita, today announced the release of the beta version of their much anticipated Remita Mobile Application, to empower individuals to view multiple bank balances on one screen, make payments from and to various bank accounts including microfinance banks, settle various bills to Federal and State Government agencies as well as other billers, easily manage their expenses, and other key capabilities that allow users stay in firm control of their finance.

“Remita Mobile App will provide individuals with a much easier way to manage their finance,” said John Obaro, SystemSpecs’ Managing Director at a ceremony held recently in Lagos where a new Remita logo was also unveiled. “Now, with Remita App, customers of various banks will experience increased convenience, as they would be able to access their various accounts, seamlessly settle bills, and stay in firm control of their finance, anytime, from anywhere, on a single app.”

[img][/img]


https://techpoint.ng/2017/03/10/systemspecs-releases-remita-mobile-app-unveils-new-remita-logo/

1 Like

Business / 10 Things You Didn’t Know About Remita by gsandakey(m): 11:50am On Dec 13, 2016
Remita is quite popular in the FinTech industry by all standards. But just in case it doesn’t ring any bells, it might interest you to know that the software has made enormous impact on the Nigerian economy in a relatively short time, and is giving us much global recognition as a cutting-edge indigenous financial technology.


In its September 2016 Report, global research firm McKinsey observed that digital payment platforms such as Remita are key to the growth of modern economies and empower individuals, businesses and governments to carry out financial transactions more cheaply and efficiently. It projects that by 2025, these platforms will boost the Gross Domestic Product (GDP) of emerging economies by a whopping $3.7 trillion, and drive financial inclusion.


Remita is a little over a year old as the payment gateway adopted by the Federal Government for its Treasury Single Account (TSA) policy, but is already living up to McKinsey’s projections. So far, it has made a huge impact on public finance in Nigeria by helping the government recover N4.3 trillion of its cash assets lying idle in Deposit Money Banks (DMBs). Here are 10 other things about Remita you probably didn’t know.


1. Remita is not TSA
Contrary to what you have heard, Remita is NOT the Treasury Single Account (TSA) which is the depository for all the funds generated by Ministries Departments and Agencies (MDAs) as taxes, levies, tariffs, etc. Rather, it is the payment gateway that facilitates the remittance of these funds into the TSA. So if you are a public servant and your salary, subvention or pension gets delayed, Remita is NOT to blame. It is only a software.


2. Remita is an e-Payment solution
Remita is a CBN-licensed solution that addresses the payment needs of individuals and organisations. Developed by FinTech giant SystemSpecs, it helps the public receive and make payments easily with ZERO activation fee as a plus.


3. You use Remita
You may have used Remita at some point without knowing. Remita is the payment gateway for Federal Government funds generated from levies, taxes and tariffs. If you have made one or more of these payments in the past one year, there is a good chance you have indirectly used Remita for your financial transactions, even if you don’t have the software.


4. Remita has HR functions
Remita is more than just a payment software. It also has HR and payroll functions which help businesses maintain a comprehensive, online employee personal and payroll data. With Remita, organisations can compute staff allowances, loans, pensions, taxes, overtime allowances and more without hassle. What’s more, they can automate salary payments, send electronic payment notifications, pay slips and tax analysis slips to staff at the end of every pay run.


5. Remita is secure
Unlike other payment platforms that leave you guessing whether your transactions have been compromised, Remita is packed with advanced security features such as a combination of hard token, soft token, biometric token, proprietary authentication protocols, etc. With these and other features, you can literally make payments with your two eyes closed.


6. You can’t pay government without Remita
Gone are the days when you could pay the Federal Government in whatever way you chose. Currently, over 900 Ministries, Departments and Agencies (MDAs) make daily remittances to the Federal Government account through Remita indirectly. Here’s how it works: they transfer whatever funds they generate to DMBs, who in turn transfer to the Consolidated Revenue Fund (CRF) at the close of every working day. But the catch is, Remita is a key part of the process since it is the ONLY electronic payment gateway that executes the transfer.


7. Remita has won multiple awards
Remita is at the forefront of financial technology, as reflected in its functional features. Small wonder, then, that the software has won multiple awards for its distinctive user-friendly features in the saturated Nigerian FinTech industry. In 2012, Remita was awarded the ‘Outstanding Public Service Product of the Year’ by Financial Technology Africa Magazine. It was recognised as the ‘Most Outstanding Software Solution at the NITMA awards in 2015. In April 2016, it was declared the ‘Most Efficient e-Revenue Service’ at the CBN Cashless Card Expo. The list is almost endless. But note that Remita emerged the ‘Best Software Solution of the Year’ at the Nigeria Telecoms Awards and ‘Pan-African Software Solution of the Year’ at the Titans of Tech awards earlier this year.


8. Remita processes $30 billion transactions annually
Remita currently serves over 1,000 merchants, billers, multinationals, SMEs and governments at various levels. It is also used by over 500 microfinance banks (MFBs) to meet the needs of Nigerians who cannot access commercial banking services. So it’s not much of a stretch to understand why the software processes about $30billion worth of payment transactions on a yearly basis.


9. Remita has government approval
Unlike other generic software in the market, you don’t have to be jittery using Remita for your financial transactions. After all, it is used by the Federal Government, corporates and high-net worth individuals to process financial transactions running into billions of Naira every year.


10. Remita mobile will soon hit the market
Remita is currently web-based, but its mobile variant is set to hit the FinTech market soon. At the recent Gulf Technology Exhibition (GITEX) in Dubai, SystemSpecs Executive Director 'Deremi Atanda disclosed that the Remita mobile app will enable any individual or organisation to see in real-time account balances held across different banks on a single app, using the latest scan-to-pay and tap-to-pay technologies.


Read more at: http://www.vanguardngr.com/2016/12/10-things-didnt-know-remita/
Business To Business / Food For Thought by gsandakey(m): 10:53am On Dec 04, 2015
All commercial banks in the country use foreign software.

The major e-payment switches ride on foreign sourced software.

The accounting software for the entire country called Government Integrated Financial Management Information System (GIFMIS) is from Estonia, a country of just about two million people.

Our Integrated Tax Administration System (ITAX) at FIRS is sourced from Canada.

Our National Payroll (IPPIS) sits on something sourced from USA.

When shall we be proud of ourselves and do something about our future IT ourselves?

SOURCE: http://leadership.ng/opinions/480428/tsa-nigerias-payment-technology-industry-come-age
Business / SEED Guides Nigerian Software Company; Systemspecs To $100 Million Plan by gsandakey(m): 10:44am On Dec 02, 2015
SystemSpecs, a Nigerian company that makes accounting and payroll software, had blossomed into a $10 million business, but its executives were troubled. They knew there was an abundance of untapped demand across the country, and they were having trouble developing a plan ambitious enough to capture it.

John Obaro, the managing director, and ‘DeRemi Atanda, the executive director, thought about bringing in strategic consultants. That didn’t work: The company that handled SystemSpecs’ books couldn’t take the job because of a professional conflict of interest, and other companies lacked the necessary range of experience.

Then John and ‘DeRemi were accepted into a program administered through SEED, the Stanford Institute for Innovation in Developing Economies. The program serves promising companies in developing countries by providing business training and onsite coaching.

The lessons the two executives learned could be worth tens of millions of dollars. After working with SEED’s personal coach for one year, SystemSpecs developed a plan that forecasts a tenfold increase in revenue, to $100 million, by 2016.

“SEED came along at just the right time,” ‘DeRemi says. “They presented us with a crop of professionals who ran their own business. These weren’t theorists or consultants just operating on theories. These are successful people telling you what they learned.”

SEED’s Transformation Program was developed to help entrepreneurs in developing economies scale their businesses to create jobs and ease poverty. Entrepreneurs who are accepted into the program study under Stanford faculty. They also receive support and coaching from experienced business practitioners from Silicon Valley and elsewhere, who guide them through the teaching program and for months afterward as the companies put their strategies into practice.

SEED said from Day One, it’s about raising impactful businesses. We are very glad to be a part of that. It’s about asking, how can this contribute to improving the lives of other people.

‘DeRemi’s coach was Robert Mayberry. The Oakland, California, native is a former executive vice president for IBM’s software division, and a former executive director for Hewlett-Packard’s web services. He was intrigued by SystemSpecs’ history.

The company, founded in 1991, initially sold accounting software. Later it branched out into software that manages payroll and online payments. But its growth, while steady, was nowhere near the “seismic” expansion that John and ‘DeRemi told him should be possible.

So Robert began by meeting with the executive team to learn about the company’s leadership dynamics. John, the managing director, was excluded from the session so Robert could quiz the other managers about him. The first thing Robert discovered was that only two of 12 executives felt empowered to make decisions when the boss was out of town.

“The managing director learned that the perception the team had of him wasn’t what he intended,” Robert says. “He said, ‘You’re empowered,’ but they didn’t feel that way.”

Robert and the team met at least once a week for strategy sessions that lasted 12 hours or longer. They pored over every aspect of SystemSpecs’ business plan, from marketing and sales to finance and recruiting.

The sessions were grueling, but fruitful. They produced one key point that ended up changing the company’s entire approach to sales.

The sales team had originally been divided into direct sales and partnership sales, which was itself broken down into channels such as bank partnerships. ‘DeRemi and his team realized they could do a better job of collaborating with partners on sales.

For example, under the old system a partner might sell education software to a school, and then SystemSpecs might follow up with the customer to sell related payment software. Now, ‘DeRemi says, SystemSpecs and the partner look to integrate their products first and then make a single sale.

This tactic expands the market and lowers the cost of sales, he notes.

The strategy meetings also afforded the management team access to Robert’s considerable data experience. At one point Robert observed that the company’s software was generating a wealth of data that sat unused. He suggested spinning off a separate entity to generate value out of the data.

The executives had discussed the idea in the past, but only superficially. “But when we sat with him it suddenly made more sense,” ‘DeRemi recalls. “He helped us drill down and figure it out.” That data project is now expected to roll out in the third quarter of 2015.

That’s just a side venture, however. The team’s main focus is to expand its primary business across Nigeria. The company already has strong relationships with the federal government, including 22 commercial banks and more than 400 microfinance institutions. It now plans to target each of the country’s 36 state governments as new opportunities.

Five-Year Transformation Plan
SystemSpecs is also looking to expand into Ghana and eventually across the continent.

If that sounds overly ambitious, the company stands by its vision. It made $10 million in 2014, and expects to make at least that much in 2015, the baseline year for its 5-year transformation plan. After that, management predicts spectacular growth for the company, which currently has between 170 and 180 employees.

“By 2016 we want to go from $10 million to $100 million,” ‘DeRemi says firmly. “We broke it down — the potential is there. We’ve done the math and it’s certainly possible.”

As he reflects on the influence of the SEED program, ‘DeRemi wonders whether the company could have created the same business plan on its own. He thinks his team would have figured out how to achieve at least some of its potential, but not to the same degree and not with the same clarity of purpose.

And as often as he uses words like ‘success’ and ‘revenue,’ ‘DeRemi says he and the company are driven by something deeper: the desire to make a positive difference. It’s the same goal that drives SEED, which is why the partnership between the two has been so valuable.

“SEED said from Day One, it’s about raising impactful businesses,” he says. “We are very glad to be a part of that. It’s not just about creating a product, it’s about creating impact. That’s what we’re doing. It’s about asking, how can this contribute to improving the lives of other people.”


By Dinesh Ramde


https://www.gsb.stanford.edu/stanford-gsb-experience/news-history/seed-guides-nigerian-software-company-100-million-plan

1 Like

TV/Movies / In Search Of The Next Myads Brand Ambassadors…. by gsandakey(m): 2:20pm On Nov 17, 2015
Do you remember the MyAds app that was launched a few weeks ago at the Oriental Hotel, Lekki? Same one that unveiled Lolo1 and Senator Comedian as its ambassadors! Yes, that one. They are currently in search of their NEXT Brand Ambassadors and the good news is that it could be you!

A little reminder here, MyAds is a mobile application that allows Android device users host ads on their phones and get paid for doing so. This one of a kind app keeps you informed about all the latest happenings while also letting you in on the biggest sale secrets and branded information at no cost at all. It instead pays you handsomely in the form of points, which can be cashed out as airtime for every call received.

To stand a chance of becoming the next MyAds Brand Ambassador, it’s easy peasy, just the steps below

● Download the MyAds app from Google play store or using this link http://www./myadsapp

● Register with your phone number

● Make a video of yourself repping the MyAds app showing off your Android device with the MyAds app.

● Upload the video on Instagram and be sure to use the hashtags #iRepMyAds #MyAds @myads.ng

● Get your friends to like the video when reposted on @myads.ng, as the reposted video with the most likes WINs.

Also watch this video for more information
https://www.youtube.com/watch?v=Fzws4Qkthwg Hurry now, download the MyAds app, rep the app in a video and get your friends liking the repost on @myads.ng to be the next ambassador.

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Business / Re: Has Anyone Used Tried Remita? by gsandakey(m): 1:17pm On Oct 24, 2015
binarymachine:
Have anyone tried Remitta e-payment? If yes, how does it work? Am really in need of an e-payment channel for my site.


I recently integrated the Remita payment gateway to my website. I can say it is the Nigerians PayPal. It accepts all types of payment; verve cards, visa and MasterCard, internet banking, POS and other channels.


It is free and simple to integrate. I heard they are the preferred payment gateway of the CBN used for the TSA project.

Mail me at gsandakey@yahoo.com so i can link you to the person that did the integration for me.
Programming / Re: Payment Gateway Integration In Nigeria by gsandakey(m): 1:12pm On Oct 08, 2015
How much does it cost if i want to Integrate Remita e-payment platform to my website?

ilescoventure:
Magento payment gateway is like a checkpoint at the end of a bridge, is an application that authorizes attempts of purchase for ecommerce businesses. Like an armor and shield, payment gateways acts to protect customers against identity theft and phishing by encrypting credit card numbers of customers.

If you’re the owner of a web shop and you want only the best of your business and your customers, you’ll be convinced that signing up with a secured Magento payment gateway is not only logical, but this is the right way to doing business.

With Magento’s secured payment gateway, you and your customers get to view the complete history of your successful online orders. Better customer satisfaction can simply draw profits to your business.

Benefits of Magento Payment Gateways to Your Business

1.Magento is one of the most popular and best reviewed ecommerce website for medium-sized and large-sized enterprises. When it comes to payment gateways for Magento, here are some of the key advantages to keep in mind:

2.Mature platform for building ecommerce websites allows for easy integration of major payment gateways and apply different payment methods. And it is also secure to use payment gateways for Magento-built sites because transactions are easily encrypted. Amazon and Google are also well-supported.

3.The notification and RSS feeds features are helpful tool for marketing. Registered customers of the site can receive new product announcements while the RSS feeds can attract new orders from customers.

4.With its complex features and capabilities like ability to create and compare a list of products and assign custom prices and offer discounts, customers can easily make bulk purchases using Magento-based online store.

5.Magento keeps an archive of invoices, giving customers the ability to print packing slips and invoices anytime they desire with a single click of a button. Customers can create, view and place orders from an administrative panel but more than that, they also can create invoices, credits and make single or multiple shipments for every order.

6.One very good feature of Magento is the ability to generate order call center, which can help in creating new customers and gathering data from your ecommerce site’s existing customers. Because such feature also lets you view shopping carts and find out which items customers wish to buy, customers can be notified when special offers are available.

Mageto Platform can Integrate into The Following Payment Gateway

1. Payment Gateways - InterSwitch
2. GTPay
3. Remita
4. DiamondPay
5. Stanbic-MyBluePay
6. Fidelity-PayGate
7. Zenith GlobalPay
Give me a call 08181922627 let work together
Business / Nigeria Invests In Indigenous Technology To Power TSA by gsandakey(m): 4:51pm On Sep 16, 2015
It is no longer news that the Federal Government has made a move to automate revenue collections of Ministries, Departments and Agencies directly into the Federal Government’s Consolidated Revenue Fund account at the Central Bank of Nigeria.

Consequently, over 400 ministries, departments and agencies [MDAs] lumbered with the responsibility of overseeing government’s functions in various sectors such as communications and media, economy, energy, intelligence and others must implement the Treasury Single Account [TSA] initiative after President Mohammadu Buhari’s announcement.

The TSA is an economic reform of the Federal Government designed to promote efficiency, transparency and acceptability in cash management.

“The independent revenue e-collection initiative will automate revenue collections of Ministries, Departments and Agencies directly into the Federal Government’s Consolidated Revenue Fund account at the Central Bank of Nigeria, through a robust indigenous software known as Remita e-Collections platform and other electronic payment channels.”

The CBN also noted that the Office of the Accountant General of the Federation had issued a treasury circular to all MDAs to close existing revenue accounts in Deposit Money Banks (DMBs) and transfer available funds to the Consolidated Revenue Fund.

e‐Collection is an electronic initiative for the collection of Federal Government revenue such as fees, taxes duties, tariffs etc. It serves as the receipt element of the Treasury Single Account (TSA) concept. The initiative was supported by CBN through the formation of an inter – stakeholder Implementation Committee set ‐up in 2013, comprising the Office of the Accountant General of the Federation, representatives of Deposit Money Banks and the Payment Service Provider (SystemSpecs ) to develop modalities for its operation.

Through the implementation of the Single Treasury Account (TSA), the federal government saved about N500 billion in unutilized funds last year. This has further helped boost the economy and increased GDP.

The Nigeria Interbank Settlement System (NIBSS) and SystemSpecs also partnered with the Federal Inland Revenue Services (FIRS) to provide electronic payment of taxes in the country.

With this initiative, indigenous technology has gained new height in Nigeria and it is believed that this will further deepen the economy by providing more jobs to the Nigeria populace.



https://www./nigeria-invests-indigenous-technology-power-tsa-slimfit-adewale?trk=prof-post

1 Like

Webmasters / Re: What Is Wrong With Simplepay4u??? Payment Processing Help by gsandakey(m): 9:12am On May 15, 2015
There is an e-Payment and e-Collections platform called Remita.

Remita e-Payment module delivers payment instructions to your bank accounts, whether Commercial, Microfinance, Primary Mortgage Institution or Digital Wallet.

Their e-Collection platform makes it easy for people to pay you using any Channel as listed on the platform, MasterCards inclusive, and i also learnt it can be integrated into clients websites to receive payments from customers. Check www.remita.net


fattbabakay:
Wanted to confirm my bank account on simplepay4u so I had to deposit a certain fee as required, since Monday up till nw dey are yet to confirm the payment. I dont understand this people tho, if it takes days to confirm such payment how can one trust them with real time payment processing ... would have used voguepay but just that the personal acount doesnt include mastercards and I'm unable to confirm a business account... Do anyone have another sure payment processor abeg??
Webmasters / Re: Any Payment Gateway For A Multi Vendor Ecommerce Site? by gsandakey(m): 12:36pm On Apr 29, 2015
namo:
please does anyone have any suggestion for the above topic. ive integrated vogue pay on my site and it works well but if a buyer wants to buy goods from another seller, the vogue gateway still takes the prospective buyer to the main admin's account details payment, meaning the money for another seller will end up inside the account for the admin of the site. is there any way to ensure each seller has a different vogue payment detail on the same site?. thanks

Hi Namo,

Remita e-Collections is your best bet. The platform allows you and your payers to specify unique collection peculiarities and rules.
In addition to this, as a biller, you can specify as many fields as you want each payer to provide while paying; this makes your operational processing and reconciliation processes easier.

Visit www.remita.net to read more about Remita or send a mail to info@remita.net
Autos / Re: Clean Honda Bulldog For Sale by gsandakey(m): 3:40pm On Aug 08, 2014
Ur number is not registered for whatsapp. Can you drop ur email?
Autos / Re: Naija Used Clean Honda Bulldog 4sale@400k by gsandakey(m): 3:27pm On Aug 08, 2014
metrixmart: clean honda bulldog,
alloy wheel,
chilling AC,
Ready to drive, no issue at all
08029091965, 07035039114

where is ur location? Which of the numbers do you whatsapp with?

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