Product Manager - Bills Payment

• Own the end-to-end product strategy for all bill payment and transfer products, including:

  • Airtime and mobile data purchases
  • Utility bill payments (electricity, cable television, internet, etc.)
  • Bank-to-bank transfers

• Translate Renmoney’s long-term digital banking strategy into a clear roadmap for payments.

• Define how payments support:

  • Daily customer engagement
  • Deposit inflows and account usage
  • Cross-sell into savings and lending products

• Define value propositions for different customer segments, including retail customers and small business users.

Payments Performance & Commercial Outcomes

• Own key performance indicators for payments, including:

  • Transaction volumes and values
  • Success and failure rates
  • Revenue from fees or commissions
  • Cost per transaction

• Work closely with Finance to:

  • Optimize transaction pricing and incentives
  • Manage partner costs and margins
  • Track the impact of payments on deposit balances

• Identify opportunities to improve unit economics without degrading customer experience.

Execution & Delivery

• Lead cross-functional delivery with:

  • Engineering teams building mobile, web, and backend systems
  • Design teams responsible for user experience
  • Operations and Customer Support teams handling exceptions and disputes

• Write clear **Product Requirement Documents **, which describe what is being built, why it matters, and how success will be measured.

• Prioritize initiatives based on customer impact, reliability, compliance, effort, and business value.

• Ensure payment and transfer flows are fast, intuitive, and resilient, even during peak usage periods.

Reliability, Risk & Compliance

• Ensure payments products meet regulatory and operational requirements, including:

  • Rules set by the **Central Bank of Nigeria **, which regulates banking and payment services
  • Requirements from the **Nigeria Inter-Bank Settlement System **, which operates national payment infrastructure
  • Data privacy rules under the Nigeria Data Protection Regulation

• Partner with Risk and Compliance teams to manage:

  • Fraud risks
  • Transaction disputes and reversals
  • Customer protection and error handling

• Represent payments initiatives in the **Product Governance Council **, which approves and oversees all product changes.

Partner & Ecosystem Management

• Own product relationships with external partners such as:

  • Payment processors
  • Utility service providers
  • Telecommunications companies

• Define service-level expectations, which set standards for uptime, response times, and issue resolution.

• Work with Legal, Procurement, and Operations to ensure partner integrations are scalable and compliant.

Customer Experience & Growth

• Improve adoption and repeat usage of bill payments and transfers through:

  • Simple onboarding and clear user flows
  • Transparent pricing and confirmations
  • Fast issue resolution when transactions fail

• Use payments as a driver of daily engagement that increases:

  • Account funding
  • Customer lifetime value

• Work with Analytics teams to understand usage patterns and identify growth opportunities.

Requirements

• 6–10+ years of Product Management experience
• Direct experience with payments, transfers, or transaction-heavy digital products
• Experience working in regulated financial or fintech environments
• Proven track record of delivering reliable, high-volume systems
• Experience collaborating with Finance, Risk, Compliance, and Operations teams

Skills & Competencies

• Strong understanding of payment flows and transaction lifecycles
• Ability to balance speed, reliability, risk, and cost
• Data-driven decision-making with strong execution discipline
• Clear communicator, comfortable engaging senior leadership
• High ownership mindset and attention to detail

Nice-to-Have

• Experience with large-scale payment platforms or utility integrations
• Exposure to fraud prevention or dispute management systems
• Experience in high-growth fintech or digital banking environments
• Familiarity with analytics and monitoring tools for transaction performance

Key Stakeholders

• Head of Product

• Engineering and Design teams

• Operations and Customer Support

• Finance and Treasury teams

• Risk Management and Compliance teams

• Executive Management, including:

  • Chief Executive Officer
  • Deputy Chief Executive Officer
  • Product Governance Council

Success Metrics (First 12–18 Months)

• High and improving transaction success rates
• Growth in payment transaction volumes and active users
• Reduced transaction failure rates and customer complaints
• Strong partner reliability and service performance
• Clear contribution of payments to customer engagement and deposits

Benefits

• Opportunity to build products customers use every day
• High-impact role at the heart of Renmoney’s digital banking strategy
• Strong executive visibility and ownership
• A chance to shape reliable, scalable payment infrastructure in Nigeria