Remita, Remita Alternatives, Payment Gateway in Nigeria, Online Payment Gateway

Remita Alternatives – 5 Best Online Payment Gateway in Nigeria

Spread the love:

Remita is a complete online payment gateway in Africa that can be used for personal or business purposes. Remita’s multi-device online payement solution allows you to view all your bank balances – from different banks – on one screen, quickly transfer money to one or more beneficiaries, pay bills, view accurate transaction reports on the go, and much more.

As an online payment gateway, Remita also empowers businesses to conveniently and promptly receive payments from clients through nine various channels, including the Remia website, Remita Mobile App, Internet Banking, Debit/Credit Cards, Seller’s Website, Bank Branches, Mobile Wallets, Standing Payment/Direct debit, and Point of Sale (POS) Terminals.


Quickly growing into Africa’s most preferred payment platform, Remita is chosen by millions of people and thousands of organizations. The preferred payment solution is used to facilitate the Federal Government of Nigeria Single Treasury Account (TSA), the most extensive and most efficient in Africa.

Remita started in 2005 and was fully developed in Lagos, Nigeria, by SystemSpecs.

Here: Top 100 Agricultural Business Ideas In Nigeria

Remita Alternatives in Nigeria And Africa

Remita may not be a familiar name like PayPal and some other globally known online payment gateway. Still, it’s safe to say that this payment processing company has done a lot to change the way Nigerians make payments online.

This has opened up opportunities for sellers around Africa to sell online and attract customers almost anywhere. But even if you’re not looking to run a global Online Business, Remita has powerful tools for billing and subscription management, customizable online receipts, and much more.

Like its competitor Paystack, the company has expanded its services and grown significantly since its founding in 2005. Remita is used to process payments on portals of government agencies in Nigeria. Remita’s client list includes giant companies in all industries, from retail to NGOs and more, which undoubtedly makes it one of the leading payment gateways in Nigeria.

See also  7 Reasons to Use Proxies for Your Small Business

But what if you don’t want to use the Remita? Below we will look at some of Remita alternatives and competitors.


5 Best Payment Gateway in Nigeria that are great alternatives to Remita



Our first recommendation for the best Remita Alternative and a leading online payment gateway in Nigeria is Paystack.

PayStack, Paystack vs Remita, Payment Gateway In Nigeria

We can say that Paystack is the most used, if not the best, in different African countries in terms of accepting payments online. The payment solution allows small merchants and large enterprises to receive payments via credit, debit cards, and other channels.

More interesting to you about Paystack is that you don’t need to own a website to receive money. The Patstack gateway allows companies to receive money through their payment pages (like Facebook) or invoices. All payments created on your website or Paystack page will be transferred the next day, except for weekends and holidays.

In addition, Paystack can process international remittances, and they usually charge 1.5% for local transactions and 3.9% for international payments.


Flutterwave vs Remita, Flutterwave, Remita, Best Online Payment Gatway in Nigeria

If you do business in Nigeria, you may have already heard of Flutterwave online payment gateway because it is one of Nigeria’s most popular payment gateways. Flutter wave helps e-commerce businesses receive payments locally and globally without any hassle and setup fees.

Flutter wave itself is an aggregated payment service in which there are several payment gateways located under one platform.

In addition, Flutterwave supports multiple currencies, as well as conversion between currencies.

The Flutterwave payment solution we present here is the same service as Paystack online payment gateway, allowing local and international merchants to accept payment via cards, bank accounts, USSD, etc.

Flutter wave charges a commission of 1.4% for each local payment and 3.5% for international.


PayU is a payment gateway established to provide a fast, simple, and cost-effective payment system for merchants in Nigerian and their customers. PayU has developed innovative financial services for fast-growing markets around the world where traditional players cannot compete.

At some point, Payment for Facebook ads in Nigeria was via PayU.

PayU makes it very easy for customers to make online payments using multiple devices, such as a computer, tablet, or mobile phone. With PayU, sellers will be able to customize the design of their payment page to provide their customers with a uniform appearance or even change it depending on the season.

See also  Exploring Different Ways to Insert Random Data in PostgreSQL

Before working with PayU, you should know that it has different functions and services for different plans. Therefore, you need to spend some time selecting the plan that best suits your eCommerce business.


GTPay, powered by GTBank, is an excellent and secure online payment gateway designed to aid online payments for merchants in Nigeria.

GTPay also accepts cards as the other Nigerian Payment Gateways mentioned earlier.

GTPay can efficiently work with existing websites and act as a bridge to connect online shoppers and banks in terms of online transactions.

GTPay provides a suitable alternative to Remita for all types of customers. This allows cardholders to pay for purchases of goods and services online using local debit or credit cards.

If you are a Nigerian business owner interested in using GTPay, you can register to receive the seller’s ID and GTPay hash key at any nearby GTBank Branch in Nigeria.

Creating a GTPay account costs 75,000 Naira and charges 1.5% for each; just like the Paystack gateway, all payments will be transferred the next day, and for international transactions, they will be paid into the beneficiaries account within 48 hours after the transaction is completed.

Interswitch Webpay

The 5th Remita Alternative in this post is Interswitch Webpay.

Interswitch Webpay is also one of the best payment gateways in Nigeria, intending to push the limits of innovation to implement the best payment solutions in Nigeria and across Africa. They provide a comprehensive payment gateway that helps e-commerce companies grow and individual clients and users thrive.

However, one of the drawbacks of this use is that the installation is quite expensive for sellers compared to Remita and other gateways in Nigeria.

See also  How Data Science Is Enhancing the Travel Industry

Interswitch Webpay allows merchants to integrate their payment gateway service into their WordPress-powered eCommerce websites and allows their customers to make payments via cards and tokens.

Suppose, as a Nigerian entrepreneur, you wish to choose Insterswitch online payment gateway over Remita. In that case, you should be prepared for a one-time payment of 150,000 Naira at the beginning and a subsequent transaction fee of 1.5%.

Transactions above 133,333 Naira on Interswitch will be charged a fixed commission of 2000 Naira and 1.5% for smaller transactions.

5 Important Considerations When Choosing Online Payment Gateway

What should be considered when evaluating an alternative online payment gateway.

Different alternatives will work best for different businesses, but there are a few things that each company or consumer should consider when evaluating which Remita alternative best suits their needs:

  1. Transaction fees
  2. Monthly payments
  3. Niche services – For example, could something like PayPal, which is better suited for connecting customers to business abroad, be useful for your business?
  4. Saving Money – Is your goal to save money with Remita alternatives or are you willing to pay more for a more customized service?
  5. Integration – Does the alternative integrate easily with your online business?

Key Conclusion: When deciding whether a certain alternative to Remita is right for you, consider the fees it charges both monthly and for each transaction, and how well it integrates with your business.


There are dozens of alternatives to Remita, and they all have strengths and weaknesses compared to the online payment gateway. The final decision requires careful research and understanding of what you or your business want from the Remita alternative. When making changes, we recommend starting with the list above.

Get the scoop from us

Spread the love:
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Business Development in the EdTech Industry

Spread the love:

Table of Contents Hide Top Examples of Business Development in EdTechIdentifying Target Markets and AudiencesLeveraging Technology and Innovation in EdTechBuilding Strategic Partnerships and Alliances in EdTechConclusion Spread the love:Amidst the…
Spread the love:
How to Create an Email Template in Outlook 365

How to Create an Email Template in Outlook 365

Spread the love:

Table of Contents Hide How to Create an Email Template in Outlook 365Benefits of Creating Email Templates in Outlook 3655 Frequently asked questions about creating email templates in Outlook 365How…
Spread the love: