“Can a Heirs Holdings / UBA-aligned payments platform become the merchant acquiring and virtual-account rail for Nigerian commerce?”
Redtech is a Heirs Holdings subsidiary building payments (RedPay) and oil & gas surveillance (SITCOM) for African markets. RedPay is the flagship, offering POS terminals, payment cards, e-commerce gateway, virtual accounts, and value-added services in Nigeria. The company operates as a licensed CBN payments provider and is deeply tied to the UBA / Heirs Holdings ecosystem.
Redtech discloses Redtech / UBA (in-house) as its banking provider, with United Bank for Africa (UBA) as its sponsor bank, according to the Embedded Finance Index 2026.
Redtech does not disclose a bank charter of its own; its banking services are provided through United Bank for Africa (UBA).
Redtech processes payments through RedPay (self-operated).
Redtech integrates with SAP, Oracle, QuickBooks, Tally and Sage.
The Embedded Finance Index 2026 maps 4 layers in Redtech's stack: Payments / PSP (RedPay (self-operated)); Banking / BaaS (Redtech / UBA (in-house)); Sponsor bank (United Bank for Africa (UBA)); Accounting (SAP, Oracle, QuickBooks, Tally and 1 other).
Redtech is founded in 2020 and headquartered in 22B, Idowu Taylor Street, Victoria Island, Lagos, Nigeria.
Get a read on where your own stack stands against Redtech and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.