BPC, a global payment solutions provider, is expanding its operations in Nigeria, including a revamped market strategy and a new managing director for Nigeria.
To spearhead its operations in Nigeria, BPC welcomes Dapo Adeosun as managing director, Nigeria. A banking and payments expert with 30 years of experience, Adeosun has played key roles in leading institutions such as First Bank, Access Bank, UBA, and NIBSS (A National Central Switch).
During his 12-year experience at NIBSS, he was the divisional head of the business development directorate and the academy and worked closely with industry stakeholders across the ecosystem to advance Nigeria’s payment systems and infrastructure both locally and internationally.
“At NIBSS, I witnessed firsthand the challenges that are in front of Nigeria’s financial sector, from ensuring secure, efficient services to finding future-proof, easily scalable solutions to bridge the financial inclusion gap,” says Adeosun. “BPC brings globally certified tools and AI-driven fraud prevention mechanisms that can drastically reduce transaction failures, enhance security, and optimise financial operations for banks and payment providers.”
Adeosun also added: “Legacy systems have long hindered banks from reaching their full potential, often preventing them from serving unbanked communities with modern financial solutions. With BPC’s SmartVista, we are changing that landscape—offering banks the flexibility, security, and scalability needed to thrive in today’s digital economy.”
Focus on Nigeria
Nigeria’s digital payment ecosystem experienced noticeable growth in 2023–2024, with digital transactions rising from ₦600 trillion to ₦1.08 quadrillion, an 80 per cent surge that reflects the expanding reach of digital financial services. Monthly payment values consistently climbed past the ₦100 trillion mark in the latter part of 2024, boosted by widespread adoption of POS, which now dominates 92.8 per cent of combined POS-ATM transactions, a complete reversal from 2016 figures.
Despite this growth, the sector faces substantial challenges, such as large segments of the population remain unbanked or underbanked, and fraud incidents have soared fivefold to ₦52 billion in early 2024, prompting the Central Bank of Nigeria to intensify efforts on digitalisation, cybersecurity, and payment safety.
As Nigeria advances its digital agenda, BPC remains dedicated to equipping financial institutions, payment providers and government agencies with technology that drives efficiency, security and financial inclusion. The technology modular architecture and holistic approach enables financial institutions to centralise diverse third-party services, smoothing operational discrepancies and speeding time-to-market for new offerings.
