The National Pension Commission (PenCom) has added Remita and eTranzact to its list of approved Payment Solution Service Providers for pension contribution remittances, bringing the total number of authorized companies to 11.
These providers are responsible for enabling employers to remit pension contributions directly into employees’ Retirement Savings Accounts under the Pension Contribution Remittance System introduced earlier this year. The system was established to improve accuracy, efficiency, and transparency in the remittance process.
PenCom also listed the other approved PSSPs, which include Paypen by Netline, Pencentral by Chamsaccess, Pensphere by Pethahiah Rehoboth, Penremit by Cyberspace, Pensol by Uniswitch, Penco by Gemspay Solutions, Awabah by Awabah Remit Services, Epcoss by the Nigeria Inter-Bank Settlement System, and Interswitch.
The commission emphasized that employers must onboard one of the approved providers to remain compliant as the new process becomes fully operational by June 2025.
