SystemSpecs CEO claims Remitta App is not a Threat to Banking Apps, Then what is it?

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SystemSpecs CEO, John Obaro

contrary to what we have regarded as a marketing edge, John Obaro, the Chief Executive Officer of Systemspecs, owners of the Remita mobile app, has said that the mobile application is in no way a threat to existing banking applications.

According to a Businessday report, Mr Obaro in an interview has said that contrary to previous speculations, the Remitta app has been designed help businesses and individuals manage their accounts and make payments across multiple banks. It would not affect the status of other banking mobile apps in any way.#RemitaAppLaunch

According to him, “Remita is not new and the banks have welcomed and accepted it for a long time and the Federal government and corporate agencies have started using the platform to pay taxes, salaries, remit pensions and so many other things. We are just launching it on mobile for use by individuals.” This statement is meant to explain the emergence of the app as a financial enabler of a sort that would not threaten the existence of the players in the field.

In fact, he further said that “Banks are not resisting the use of Remita at all, in fact, we already have agreements with the banks on how to share charges on payments made through the app and the mobile app meet all financial security requirements”.

The only challenge with these statements is that they sound more like a move to douse tensions and play safe. The truth is that any technology solution that is going to have a significant impact must disrupt the system in a way. That is the core of innovation. If the Remitta app is going to be just one of the many similar apps in the market, why the need to download it in the first place? Why do the owners think that people need to make use of it?

The big question is: if the Remitta app is not different from the others, then, what is it?


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