REMITA - One Stop Solution
Remita is a courier service that rides on secured electronic highways to deliver funds to bank accounts and associated schedules to relevant bodies.
Accordingly, Remita can remit funds to accounts in any Financial Institution and can also “Collect” funds from designated accounts which have been so pre-configured.
Remita enables organizations to make direct payments to their employees’ accounts. These employee accounts need not be in the same bank as the paying organisation’s bank account. Employees receive their salaries as soon as payment is made via Remita. They also receive email and optional SMS alerts whenever salary payment has been made to their account.
Vendors, Contractor & Other Third Remittance
Remita allows individuals and organizations to issue electronic cheques to vendors and other third parties. The third party account may be in the same or other banks. These cheques get immediate value as the beneficiaries receive instant credit.
Remita generates payment advice to the funds recipient as soon as payment is made. Simultaneously, the payment beneficiary receives a brief description via SMS and a detail payment advice describing puspose of payment as email.
Remita enables organizations to make pension contribution payment to relevant PFA accounts held in the custody of Pension Fund Custodians (PFC).
Whenever these payments are made to the PFA accounts, Remita automatically generates matching payment schedules which is simultanously made available to the respective PFAs and PFCs.
PAYE Tax Remittance
Remita enables organizations to make PAYE tax payments to appropriate Boards of Internal Revenue. Remita also generates tax schedules to support each tax remittance. These schedules are made available to the respective Boards in real time. This saves the time required to achieve this through delivery of many schedules which may not even be synchronised with payments made.
Remita enables you as an individual to make payments to beneficiary accounts in your bank or any other bank from the comfort of your home or office. You can issue one or several echeques at a time. In addition, you can issue standing orders on a one-off basis for the payment of your tithes, offerings, monthly premiums, annual subscriptions, regular and steady transfers to your parents, children, other dependents or charity organizations.
Remita Collections provides an e-Payment platform for organisation to receive payments for services they have rendered to their customers. Service beneficiaries, who sign on to the Remita Collections system of the Service Provider, have their accounts debited at agreed periods either for a specific amount or variable amounts.
Typical areas for which Remita can assist in your collections include:
- Insurance Premiums
- Tithes & Offerings
- Utility Bills
- Telephone Bills
- Rentals & Hire Purchases
- Loan Repayments
In addition to core Payments and Collections, Remita can assist you to:
- Check all bank balances on one screen
- Issue Standing orders or "Post Dated Cheques" for recurring payments
- Monitor and authorize payments from remote locations
- Trace and Investigate payments made