Redtech, the fintech subsidiary of Heirs Holdings, has officially launched RedPay, its new omnichannel payment platform built to simplify how businesses collect, manage, and track payments across every touchpoint. With this launch, the company signals its ambition to compete as one of Africa’s next major payment infrastructure players.
Unveiled at a well-attended event in Lagos on November 26, 2025, RedPay represents the culmination of several years of development within Redtech’s expanding payments ecosystem. The RedPay suite includes both the RedPay POS and the RedPay Payment Gateway, which supports merchants in collecting payments online and on-site.
The gateway integrates cards, bank transfers, USSD, QR codes, payment links, and RedPay’s proprietary “pay by pincode” option. Built with intuitive APIs, SDKs, webhooks, and reusable UI components, the system is optimised for seamless integration and consistently high transaction success rates, engineered for stability in Nigeria’s often unpredictable payments environment.
By consolidating online, in-app, and physical transactions into a unified system, RedPay gives merchants instant visibility into business performance. With one integration and one dashboard, businesses can monitor all revenue streams in real time, a capability Redtech believes will redefine how Nigerian SMEs manage their financial operations.
The launch drew leaders across finance, technology, and the Heirs Holdings Group, underlining Redtech’s rising profile within the rapidly expanding payments market.
Opening the event, Redtech CEO Emmanuel Ojo described RedPay as a transformative step forward. “RedPay’s centralised reporting and intelligent analytics give businesses complete visibility and control,” he said. “The platform is designed to make every transaction faster, safer, and smarter, while offering a single source of truth for payment data across the entire customer journey.”
During a live demonstration, Ojo positioned RedPay as a next-generation payment platform capable of unifying all payment methods — cards, wallets, bank transfers, real-time payments, QR codes, and more — within one interface.
A standout feature, he emphasised, is RedPay’s orchestration engine, which automatically retries declined transactions across multiple channels to improve approval rates, addressing one of the most persistent pain points in Nigeria’s digital payments landscape.
Ojo revealed that Redtech has processed ₦33.4 trillion in value from more than 14 billion transactions over the past two years, supported by nationwide deployment of its payment acceptance solutions.
In a post-launch conversation, Ojo explained that RedPay is designed for both B2B and B2C ecosystems. While the initial focus is on merchants, the long-term vision is to evolve RedPay into a broader financial services app.
He noted that Nigeria’s current macroeconomic pressures, high inflation, FX volatility, and weakened purchasing power require fintech products that extend beyond payments into areas such as credit, financial education, investments, and micro-insurance. Redtech has already automated its underwriting processes to deliver quick loans to merchants directly through the platform.
The Heirs Holdings advantage
Representing Heirs Holdings Chairman Tony O. Elumelu, pioneer Redtech Director Samuel Nwaze framed the launch within the group’s broader Africapitalism agenda — one that views technology as a catalyst for economic transformation. He noted the rapid shift in consumer behaviour, where POS terminals, QR codes, and instant transfers have become everyday tools, arguing that Nigeria is ready for a new standard of payment infrastructure.
Speaking on the company’s market positioning, Heirs Holdings Executive Director of Payments, Chidi Okpala, said RedPay is aligned with the group’s mission, focused on building businesses that catalyse economic development.
Okpala added that Redtech benefits from the stability of being part of a large, well-governed holding group with no reliance on venture capital timelines. This independence, he said, allows the company to prioritise durability over speed. “The product we launched today was developed about a year ago, but was robustly tested before being brought to the public,” he noted.
