Redtech has introduced a new financial platform called Redpay, aimed at helping businesses accept payments more easily and settle transactions faster across different sectors in Africa.
The launch in Lagos had in attendance leaders from finance, telecoms, retail and government, which reflected growing interest in digital tools that can support business operations.
Speaking at the event, Emmanuel Ojo, managing director and chief executive of Redtech, said the platform was created to solve common payment problems that many African businesses face daily.
“We wanted to build something practical that helps companies move money without delays, stay secure, and focus on growth,” he said. Officials from Heirs Holdings who attended the event also described the product as a needed addition to Africa’s digital payments space.
Redpay offers several services, including an e-commerce payment gateway, point-of-sale terminals, e-invoicing, payment cards, loans, disbursement services, bulk SMS and airtime. Redtech said the mix of tools is meant to help organisations reduce running costs and improve customer service
Industry observers at the event noted that the launch comes at a time when more companies in Nigeria and across Africa are shifting to digital financial systems to remain competitive. Redtech also announced discounted onboarding for small and medium-sized businesses to help them take advantage of digital payment options.
With the launch of Redpay, Redtech joins other African firms trying to strengthen local innovation in financial services. The company said it plans to grow the platform’s reach and work closely with businesses that want to modernise their operations.