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Interswitch Launches PensionRemit: The Future of Pension Compliance
Interswitch, a prominent technology company in Africa, has unveiled PensionRemit, an innovative platform aimed at assisting employers in adhering to the newly implemented Pension Contribution Remittance System (PCRS). This initiative, activated on June 1, 2025, by the National Pension Commission (PenCom), focuses on simplifying the pension contribution process for businesses of all sizes.
How PensionRemit Revolutionizes Compliance for Employers
With its fully automated features, PensionRemit allows employers to effortlessly upload contribution schedules, validate Retirement Savings Account Personal Identification Numbers (RSA PINs), and make secure payments—all within one cohesive system. Moreover, it does not impose any platform fees, making it a financially viable option for all employers. As highlighted by Muyiwa Asagba, Managing Director of Commercial Inclusion at Interswitch, this platform is a stepping stone to removing friction in business processes.
Designed with You in Mind: Benefits for All Business Sizes
PensionRemit targets a range of enterprises from large organizations to small and medium-sized enterprises (SMEs). As Osasere Atohengbe, Vice President of Sales and Account Management at Interswitch, notes, the platform is engineered to alleviate chronic issues associated with pension remittance, equipping employers with essential tools to navigate compliance seamlessly.
Embracing Digital Transformation: Why It Matters for African Startups
The launch of PensionRemit epitomizes a broader movement towards digital transformation in Africa. By fostering compliance and efficiency in pension systems, Interswitch helps pave the way for innovation within the financial sector, empowering startups to focus more on their core operations rather than administrative hurdles. This shift aligns perfectly with ongoing trends in AI, fintech, and automation in Africa, making it crucial for tech entrepreneurs and investors to pay attention.
What’s Next for Employers: Get Started Today
Employers looking to embrace this change can visit Interswitch's PensionRemit page for more information and support resources. This is a timely opportunity to streamline processes while adhering to regulatory demands.
In conclusion, as Nigeria embarks on this journey of financial modernization, tools like PensionRemit are set to transform how businesses meet their pension obligations, creating a more transparent and efficient environment for all stakeholders involved.
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