The National Pension Commission (PenCom) has added Remita and eTranzact to its list of approved Payment Solution Service Providers (PSSPs) for the remittance of pension contributions.
With the inclusion of the two firms, the total number of approved PSSPs is now 11.
Payment Solution Service Providers are companies authorised to facilitate the remittance of pension contributions from employers into employees’ Retirement Savings Accounts (RSAs).
The initiative operates under the Pension Contribution Remittance System, introduced earlier this year by PenCom to streamline pension payments. The platform was designed to enhance accuracy, efficiency, and transparency in the pension remittance process.
The commission listed the other approved PSSPs as: Paypen by Netline Limited; Pencentral by Chamsaccess Limited; Pensphere by Pethahiah Rehoboth Int’l Limited; Penremit by Cyberspace Limited; and Pensol by Uniswitch Technology Limited.
Others are Penco by Gemspay Solutions Limited; Awabah by Awabah Remit Services Limited; Epcoss by Nigeria Inter-bank Settlement Systems Plc; and Interswitch by Interswitch Group.
PenCom noted that employers must adopt one of the approved providers to ensure compliance with the new remittance process.
“In order to ensure timely and accurate remittance of pension contribution for their employees, all employers are required to promptly adopt any of the approved PSSPs as the new remittance process commences in June 2025,” the commission stated.
