Fidelity Bank partners SystemSpecs on federal revenue collection

In conjunction with SystemSpecs, a leading electronic financial transactions company and owners of Remita, Fidelity Bank has launched a more convenient collection and remittance of Federal Government Revenues via its Unstructured Supplementary Service Data (USSD) channel.
The solution, which is the first of its kind in the industry is in response to some of the challenges faced by millions of customers when making their tax payments and remittance and the need for all tiers of government to provide convenient sources of revenue collection.
This innovative solution, according to the Divisional Head, Retail Banking, Richard Madiebo, was developed with the average tax payer in mind.  “This payment option is borne largely from our desire to always provide easy and convenient payment channels to the semi-formal and informal tax markets in Nigeria”, adding that tax payers can now make payment efficiently, thus leading to reduction of leakages in the system for both the state and Federal Government.