Redtech, the fintech subsidiary of Heirs Holdings, has introduced RedPay, an all-in-one payment platform designed to simplify how businesses accept, track, and manage transactions across multiple channels, signaling its ambition to become a major player in Africa’s payments ecosystem.
Introduced at a high-profile event in Lagos on November 26, 2025, RedPay is the result of several years of development within Redtech’s expanding payment ecosystem. The platform combines the RedPay POS and the RedPay Payment Gateway, enabling merchants to collect payments both online and offline seamlessly.
The gateway supports multiple payment methods—including cards, bank transfers, USSD, QR codes, payment links, and RedPay’s proprietary “pay by pincode” option. With robust APIs, SDKs, webhooks, and reusable UI components, the system is engineered for smooth integration and high transaction success rates, even amid Nigeria’s often unpredictable payments environment.
By consolidating online, in-app, and in-person transactions into a single dashboard, RedPay offers merchants real-time insights into their revenue streams. This unified view, Redtech says, will redefine financial management for Nigerian SMEs by enabling instant, data-driven decision-making.
The launch attracted leaders from finance, technology, and the Heirs Holdings Group, highlighting Redtech’s growing prominence in the payments sector.
Redtech CEO Emmanuel Ojo described RedPay as a transformative innovation:
“RedPay’s centralized reporting and intelligent analytics give businesses complete visibility and control. The platform is designed to make every transaction faster, safer, and smarter, while providing a single source of truth for payment data across the entire customer journey.”
During a live demo, Ojo showcased RedPay’s ability to unify all payment methods—including cards, wallets, bank transfers, real-time payments, and QR codes—under one platform. A standout feature is its orchestration engine, which automatically retries declined transactions across multiple channels, improving approval rates and addressing a key challenge in Nigeria’s digital payments space.
Ojo also highlighted that Redtech has processed ₦33.4 trillion across more than 14 billion transactions in the last two years through its payment solutions deployed nationwide.
Designed for both B2B and B2C ecosystems, RedPay initially targets merchants but will eventually evolve into a broader financial services platform. In response to Nigeria’s macroeconomic challenges—high inflation, FX volatility, and reduced purchasing power—Redtech plans to expand the platform to include credit, financial education, investments, and micro-insurance, with automated underwriting enabling fast merchant loans directly via the platform.
The Heirs Holdings Advantage
Representing Chairman Tony O. Elumelu, Redtech Director Samuel Nwaze framed RedPay’s launch within Heirs Holdings’ Africapitalism vision, which positions technology as a driver of economic transformation. He emphasized the shift in consumer behaviour toward POS terminals, QR codes, and instant transfers, arguing that Nigeria is ready for advanced payment infrastructure.
Chidi Okpala, Heirs Holdings Executive Director of Payments, said RedPay reflects the group’s mission of building durable businesses that drive economic growth. He noted that, unlike VC-backed fintechs, Redtech benefits from the stability of being part of a large, well-governed holding group, enabling a focus on long-term robustness over rapid market entry:
“RedPay was developed about a year ago, thoroughly tested, and is now ready to serve Nigerian businesses with confidence.”
