SystemSpecs, NIBOX Team-up to Make Payments, Cash Transfers Easier in Nigeria

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SWITZERLAND, JULY 12 – Nigerian Fintech firm and provider of the Remita financial technology solution has teamed up with NIBOX, a multi-platform payment solution provider, to extend financial products and services to the banked, underbanked and unbanked on NIBOX’s self-service Payment Terminals strategically located throughout Nigeria, and online through its innovative mobile platforms.

In a press statement signed by Brian Manuwike, Chief Procurement Officer of NIBOX and made available to Today’s Echo, the payment solution provider stated that through this partnership, services such as Federal and State Governments payments, electricity recharge token, airtime and data phone top-up, cinema tickets purchase, insurance premium payment, cash transfers and other utility bills will be accessible on NIBOX touchpoints.

NIBOX already has 55 terminals deployed in Lagos and Abuja, with a planned deployment of additional 500 terminals in Lagos and Abuja by the end of 2019. Transactions can be conducted round-the-clock on the NIBOX terminals using electronic or cash payments.

“We are glad to be collaborating with SystemSpecs to deliver new services to customers. Indeed, the value proposition and attainments of the Remita brand are a boost for this partnership and would ultimately be to the advantage of the end-user, who would now have improved access to various services and products across Nigeria,” said Dr. George Manuwuike, CEO/Founder, NIBOX.

“This partnership is also in line with our aim of becoming the fastest and most convenient platform for cash payment for broad-based goods and services for public and private sectors,” Manuwuike added.

Available in public spaces such as shopping malls and leading supermarkets, NIBOX Payment Terminals do not require the presence of an agent or operator to function. Each self-service kiosk is equipped with a bold user interface and a touchscreen for easy user interaction

Commenting on the development, SystemSpecs’ Divisional Head, Payment Gateway and Infrastructure, Demola Igbalajobi said: “At SystemSpecs, we understand that access to financial services is key to the development of a strong and efficient financial ecosystem, which facilitates economic growth. It is therefore a delight for us to partner with NIBOX to further bring Remita services closer to customers at their point of convenience using NIBOX touchpoints.”

NIBOX is a leading financial inclusion solution provider that is currently present in the market via cash-in/cash-out payment terminals and unique built-in infrastructure that will enhance rural deployment of financial services across Nigeria.

NIBOX provides financial payment solutions for the banked, underbanked and the unbanked population, offering payment solutions to active mobile customers and financial inclusion to those exempted from banking services.

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