Financial technology, popularly called Fintech is a new form of technology that helps to improve, deliver and use financial services. Fintech has been widely used by companies, businesses, and consumers to manage all financial operations using programmed software and algorithms that can be used on computers and smartphones.

There are a lot of platforms available in fintech and they also include different sectors and industries ranging from education, retail, banking, nonprofit, investment management, and so on.

Fintech has a whole lot of advantages and benefits in our world today, some of these benefits include:

1. Accessibility: the kind of population of people using banking services manually has made it tedious to access most services without hassle and delays. With fintech, anyone can carry out any kind of transaction from the comfort of their homes, the response time is fast and very easy to use,

2. Fast response time: You can make transactions and even take a loan with fintech services at minimum time, the response times range from 10 minutes to 48 hours, on average.

3. Fintech offers a variety of financial services depending on the needs of the users and providers, from opening an account to getting a loan or investing, the list is a lot.

There are different platforms available on fintech that are used for payment services. These platforms allow you to make payments, receive payments, get loans, invest and trade from the comfort of your smartphone. These platforms include;

• Remita.
• Paystack.
• Paypal.
• Quickteller.
• Flutterwave.
• Kuda bank.
• Accelerex.
• Paga.
• Piggy Vest.
• Interswitch.
• Carbon pay later.

In this article, you will be seeing all you need to know about Remita payment services.

Remita is one of the top 10 fintech services available in Nigeria, if not the most popular one. It is an e-payment platform used to receive and make payments for services provided by different individuals and organizations.

Advantages of Remita

1. Security: In any transaction, especially the ones that involve payments, requires security and assurance Remita has advanced security features which include hard/soft tokens, biometric tokens, and authentication protocols that allow you to make payments without fear.

2. Government approved:  Nigerians have issues with software not approved by the authority. It will interest you to know that Remita is government approved. You can even use Remita to pay your taxes, levies, or bills.

3. Remita includes HR functions: Remita is not just a payment software, it has a payroll function that can help businesses keep comprehensive online employee personal and payroll data. Remita can help compute staff allowances, pensions, taxes, and loans.

4. E-payment solution: Remita helps you receive and make payments easily with zero activation fees.

Features of Remita.

1. Internet banking.

2. Mobile wallets.

3. Remita mobile app and website.

4. Bank branches.

5. Debit and credit cards.

6. Points of sales terminals POS.

7. Remita HR.

Services provided by Remita includes;

1. Payments; School fees, Utility bills, Transfers, Cable bills, e.t.c.

2. Airtime Top-up.

3. Generating electronic invoices.

4. Access loans.

The Interface:

Remita has a website and mobile application which is very easy to understand and use. You can buy airtime, data, electricity, pay for water, taxes, send invoices, receipts, pay salaries, target customers and reach a wider market.

Comparison between Remita, Quickteller, Paystack, and Flutterwave. 

All these fintech platforms are free to set up with no annual fees, there are other similarities and differences between these payment options.

Here on SmartSMSSoluitions, funding your SmartSMS wallet is easy with the SmartSMS Flutterwave payment service. You can fund your wallet either with your debit card or by transfer. Click here to learn more on how to fund your SmartSMS wallet.

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