Interswitch, a technology company, has introduced PensionRemit, a fully automated platform designed to help employers comply with the recently introduced Pension Contribution Remittance System (PCRS).
The new system, mandated by the National Pension Commission (PenCom) and the Pension Fund Operators Association of Nigeria (PenOp), took effect on June 1, 2025.
Fully compliant with the PCRS framework, Interswitch PensionRemit is an approved Payment Solution Service Provider (PSSP) authorised to operate under the new system.
Designed for ease and efficiency, Interswitch said the platform enables employers to upload contribution schedules, validate Retirement Savings Account Personal Identification Numbers (RSA PINs) and Pension Fund Administrator (PFAs) in real time, and complete secure payments, all in one seamless flow.
Speaking at the launch, Managing Director, Commercial Inclusion (Interswitch Inclusio), Muyiwa Asagba, said Interswitch remains focused on enabling business grow through innovation.
“Our focus has always been on removing friction and unlocking growth for
businesses. With Interswitch PensionRemit, we are delivering a digital infrastructure that empowers employers to meet their pension obligations effortlessly and at no cost. This is in line with our mission to drive inclusive financial participation through innovation.”
Vice President, Sales and Account Management, Interswitch, Osasere Atohengbe, added that the product was developed with both vision and practicality in mind:
“We built Interswitch PensionRemit with employers and the future in mind, to boost our drive to address long-standing pain points in the pension remittance process. The platform equips both large organisations and small businesses with the tools they need to comply with PenCom’s new mandate in the most efficient way possible.”
Built to meet the evolving needs of large enterprises, corporates, micro, small, and medium-sized businesses (MSMEs), and service providers across Nigeria, he said PensionRemit offers a suite of benefits designed to eliminate friction and boost compliance.
