Nigeria, March 28 -- The National Pension Commission (PenCom), on Thursday, launched a new digital platform aimed at automating pension contribution remittances and addressing persistent gaps in the crediting of employees' Retirement Savings Accounts (RSAs).

The commission said in a statement that the Pension Contribution Remittance System (PCRS), developed in collaboration with the Pension Operators' Association of Nigeria (PenOp), would enhance transparency, reduce errors and improve compliance within the Contributory Pension Scheme (CPS).

The new process requires all pension contributions to be routed through approved Payment Solution Service Providers (PSSPs), who will validate employee information before funds are credited.

PenCom...