FINTECH

How Remita Helps To Track Business Income And Expenses

Published

2 years ago

How Remita Helps To Track Business Income And Expenses

As a business owner, do you know that learning how to keep track of your income and expenses is critical to monitoring your cash flow? This idea enables you to have a valuable overview of your business as it relates to striking a balance between the income your business accrues and the expenses being run.

Unfortunately, many people see tracking business income and expenses as a daunting task, especially for many small business owners who in their view do not have the luxury of time to take a look at cash flow because of their keen focus on the operations of the business to boost productivity.

However, we can not shy away from the fact that assessing and analysing the cash flow of your business is important, as this gives you a better understanding of how much your business earned (income) and how much your business spent to bring efficiency and effectiveness of products and services (expenses).

This digital era has eased the way of doing things with the emergence of Remita as a one-stop online platform for everything that has to do with financial services, and tracking your business income and expenses is one benefit you can enjoy on Remita.

It is unpopular knowledge that tracking income and expenses is one of the accounting foundations that supports the growth of small and medium-sized businesses. Therefore, Remita can help you achieve your business success with its sophisticated tracking system.

How To Track Your Business Income And Expenses On Remita

Businesses that track their business income and expenses and engage with their reports are believed to have more insight into their financial position, which in turn, brings them confidence about their business’s long-term success. This is why Remita has designed a tracking feature for your business income and expenses which enables you to access the report anytime and anywhere when you have a Remita account for your business.

1. Get A Business Account

For every business owner, it is imperative to have a business account, which in another way can be referred to as a corporate account. This is a bank account that would exclusively serve the purpose of the operations of your business and for personal use or both.

A business account gives you clarity on the financial strength of your business, but it is best to track your business, which makes you infer if your business is running at a loss or a profit through the Remita tracking tool for your business income and expenses.

For instance, you can use Remita to send or receive money to your business while the platform provides you with a transaction history that enables you to see how much you have spent or received over a given time.

2. Keep Receipts

Receipts are evidence of payments and other transactions as it relates to your financial management. Receipts can exist in paper or digital forms, but the digitisation of the way of doing business has increased the adoption of digital receipts by some businesses for transparency, accountability, and durability purposes.

In this regard, Remita enables you to keep tabs on all your transactions on the platform such that you can always refer to the transaction history when necessary. This feature on Remita is considered one of the best tracking tools for income and expenses because it eliminates the stress and time to be entering the amount one after the other. As such, keeping track of your business receipts has never been easier when you use Remita.

3. Remita Retrieval Reference

Remita has a feature that enables you to know the status of a particular payment if it is successful, pending, or reversed. This prevents the situation of making more than one payment because of the uncertainty in the status of the payment.

For instance, you can make transactions on some other platforms and you will not get a notification on the status of your payments and which could make you try again, thereby leading to a double or triple payment instead of once. But the Remita retrieval reference feature eliminates this worry that could come up.

Steps On Tracking Your Income And Expenses On Remita

Create a Remita account as an individual, business entity, or government agency

Log into your Remita account

Click on “Transactions”

Click on “Expenses”

Click on the preferred month you want to track

You will receive a simple chart that displays your cash flow over the given time

Is Tracking Income And Expenses On Remita Available To Individuals?

Yes! You, as an individual can use Remita to track your income and expenses to have handy information about your transaction history. Remita is used by individuals and businesses and any of these classes can track their transactions on Remita.

Is Remita Legit?

Remita is one of the top fintech companies in Nigeria where you can send and receive money and make different payments. Remita is also one of the approved channels paying for taxes and other statutory payments to the government account. So Remita is used by individuals, businesses, and government agencies.

Conclusion

The true essence of doing business is to make profits and you can not be certain of making profits if you don’t track your income and expenses to ensure the growth of your business. This is why Remita is here for you to enable you to track every penny that enters and leaves your business account.

Get started now and create a Remita account to begin to enjoy a seamless transaction process as you use Remita.

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BANKING

Network International appointed as Payment Processing Partner by MTN Group Fintech

Published

2 months ago

Christopher

Network International appointed as Payment Processing Partner by MTN Group Fintech

Network International (Network) (www.Network.ae), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider. This partnership marks a significant extension of Network’s portfolio of issuer processing collaborations throughout the African continent.

Network International appointed as Payment Processing Partner by MTN Group Fintech

With a footprint spanning over 50 countries and serving over 250 financial institutions, Network International brings its expertise to this partnership which will enhance MTN Fintech’s cutting-edge mobile services and provide even greater value to stakeholders and customers across Africa.

The partnership will focus on rolling out card issuance products across key MTN Fintech markets, starting with Rwanda which is already operational. Soon Uganda, Ivory Coast, and Nigeria will also be covered under this collaboration. Network International will provide a comprehensive range of services, including transaction processing, card management and online fraud prevention. MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions.

Dr. Reda Helal, Group Managing Director – Processing, Africa and Co-Head Group Processing at Network International commented: “Our collaboration with MTN Group Fintech marks a major milestone for our outsourced payments services in Africa. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region. We are excited to support MTN Group Fintech’s growth strategy, and its business development plans across the continent.”

Cedric N’guessan, Executive for Payment and E-commerce at MTN Group Fintech added, “This collaboration with Network International is pivotal in enhancing financial inclusion across Africa and beyond. It enables our customers to actively engage in the global economy, aligning perfectly with our strategic goals alongside Mastercard to broaden access to digital financial services across the continent.” Read More (https://apo-opa.co/43aKuII)

MTN Group provides voice, data, fintech, enterprise wholesale and API services to more than 288 million customers in 14 African markets.

Distributed by APO Group on behalf of Network International.

About MTN Group Fintech:
MTN Fintech, the platform business of MTN Group, is dedicated to revolutionising global financial services through innovative digital technology solutions. Leveraging MTN’s extensive reach and expertise in telecommunications, MTN Fintech is committed to advancing financial inclusion for all and empowering communities in Africa. With a primary focus on pioneering mobile financial services, digital payments, e-commerce, short-term insurance, and remittance capabilities, MTN Fintech strives to establish seamless, accessible, and secure financial ecosystems that shape the future of digital finance.

About Network International:
Network International is the Middle East and Africa’s largest and leading digital payments company. Our purpose is to help businesses and economies grow by simplifying payments and commerce. We operate in 50+ countries serving governments, banks, fintechs, merchants and public sector companies. We have 2,000+ employees based in our markets serving over 250 financial institutions and 130,000+ merchants.

BANKING

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Published

2 months ago

Christopher

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Prosperavest ESG LTD, is thrilled to announce the launch of eNsc, a Nigerian Naira-referenced stablecoin pegged 1:1 to the Nigerian Naira. Built on the high-speed Lisk 2.0 Blockchain, eNsc combines monetary stability with blockchain innovation, allowing global investors to securely access tokenized high-yield opportunities like Nigerian Treasury Bills while adhering to regulatory standards.

Prosperavest ESG LTD Launches eNsc – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World Asset Investments

Bridging Stability and Innovation

eNsc merges monetary stability with blockchain efficiency, operating within Nigeria’s robust regulatory framework led by the Securities and Exchange Commission (SEC) Nigeria. The SEC has prioritized creating a safe, transparent environment for blockchain innovation, exemplified by its Virtual Assets Regulatory Framework. These guidelines ensure market integrity, investor protection, and alignment with global standards—principles at the core of Prosperavest ESG’s operations.

“Our vision is to bring the Naira on-chain and democratize access to low-risk, high-return opportunities while upholding rigorous regulatory compliance. eNsc is more than a stablecoin—it’s a gateway to financial inclusion, blending the trust of traditional finance with the agility of blockchain.”— RaheemAnikulapo Ibrahim, CEO, Prosperavest ESG LTD

Prosperavest ESG LTD Launches “eNsc” – A Naira-Pegged Stablecoin on Lisk 2.0 Blockchain, Enabling Tokenized Real-World

Key Features of eNsc

1:1 Naira Peg: Backed by reserves held in regulated institutions, eNsc ensures stability and direct convertibility with the Nigerian Naira.
Lisk 2.0 Blockchain: Fast transactions, low fees, and interoperability with decentralized applications (dApps) ensure seamless integration into digital ecosystems.
Compliance Assurance: Built with robust AML protocols, transparent reserve audits, and adherence to Nigerian Securities and Exchange Commission’s (SEC) regulations.
Exclusive Cashback Rewards: For a limited time, users who convert a minimum of $50 via the eNsc Converter at app.prosperavest.com will receive cashback rewards, rewarding early adopters of this groundbreaking stablecoin.

Unlocking Global Investment Opportunities

By tokenizing Nigerian Treasury Bills, eNsc removes geographic and financial barriers, enabling fractional ownership and instant cross-border settlements. This innovation aligns with Nigeria’s growing prominence in Africa’s digital economy, offering investors exposure to stable, yield-generating assets.

A Commitment to Safe, Transparent Finance

SEC Nigeria: Championing Safe Innovation

The SEC has been instrumental in fostering a safe, transparent, and innovation-friendly regulatory environment for blockchain and virtual assets, implementing robust frameworks such as the Virtual Assets Regulatory Framework. Their proactive approach ensures investor protection, market integrity, and alignment with global best practices—a commitment Prosperavest ESG proudly upholds.

“Our compliance and cooperation with regulators is non-negotiable,” added RaheemAnikulapo Ibrahim. “Trust is the cornerstone of financial innovation every aspect of eNsc—from its technical infrastructure to reserve management—is designed to exceed SEC standards, fostering trust in Nigeria’s digital future

Join the Future of Asset Tokenization

eNsc is now live on the Lisk 2.0 Blockchain. Institutions, developers, and investors are invited to:

Explore eNsc at https://prosperavest.com .

Participate in the cashback reward program by converting a minimum of $50 on the eNsc Converter: app.prosperavest.com.

Disclaimer

This announcement is for informational purposes only and not financial or legal advice. Digital asset investments carry risks, including volatility and potential loss. Investors are responsible for their decisions. ProsperaVest ESG Ltd remains committed to SEC compliance and will provide updates on approval status.

Bitcoin

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

Published

3 months ago

Christopher

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

IUX, a globally recognized online CFD trading service provider, has been honored with the prestigious “Best Trading Technology Provider” award at the 2025 BrokersView Award for Brokers with Outstanding Assessment. This recognition solidifies IUX’s standing as a leader in the online CFD trading industry, highlighting its dedication to innovation, user-centric design, and cutting-edge technology—exemplified through its groundbreaking Next-Gen Trade initiative.

IUX Wins Best Trading Technology Provider 2025 Award at BrokersView, Setting New Standards with Next-Gen Trade

About the BrokersView Awards

The BrokersView Awards are among the most respected in the trading industry, recognizing brokers that demonstrate outstanding performance, transparency, and technological innovation. The Best Trading Technology Provider award is presented to brokers that go beyond industry standards to offer exceptional trading platforms with advanced features, robust execution speeds, and user-friendly interfaces.

IUX’s win reflects its relentless commitment to providing traders with superior trading tools and an optimized platform, setting a benchmark for excellence in the CFD trading sector.

“We are deeply honored to receive this recognition from BrokersView,” said an IUX spokesperson. “This award highlights the hard work and dedication of our team in creating a platform that empowers traders globally. We will continue to drive innovation and deliver exceptional value to our users.”

Next-Gen Trade: Powering IUX’s Award-Winning Technology

A significant factor in IUX’s recent success has been the launch of Next-Gen Trade, a comprehensive initiative aimed at redefining the trading experience. This customer-focused project delivers cutting-edge technology and empowers traders with tools designed for speed, stability, and precision.

Core Features of Next-Gen Trade:

Ultra-Fast Execution: Trades executed in as fast as 30 milliseconds, giving traders an edge in volatile markets.
Consistent Spreads: Advanced spread management technology ensures stable spreads, even during major market events.
Customer-Oriented Features: Tools and resources tailored to help traders navigate complex markets with ease.

Next-Gen Trade exemplifies IUX’s commitment to enhancing the trading experience, directly contributing to the platform’s recognition as Best Trading Technology Provider.

Looking Ahead

The Best Trading Technology Provider 2025 award represents a significant milestone for IUX but is just one step in the company’s journey. IUX remains committed to continuous innovation, focusing on enhancing the trading experience for its global user base through further advancements in initiatives like Next-Gen Trade.

Discover More

Learn about IUX’s advanced trading solutions: Visit IUX

About IUX

IUX, operated by IUX Markets Limited, is a leading online CFD trading broker —IUX is committed to providing a secure, transparent, and user-focused trading experience to traders worldwide.

Disclaimer

Trading CFDs involves significant risk of loss and is not suitable for all investors. Ensure you fully understand the risks involved before trading.