In a strategic move to accelerate digital payments, financial inclusion, and modernizing the country’s payment ecosystem, BPC, a global leader and payment solutions provider, is announcing the expansion of its operations in Nigeria.
This expansion includes a revamped market strategy and new key appointment: Managing Director for Nigeria at BPC, a seasoned expert who will bolster BPC’s local team, reflecting a commitment to delivering secure, innovative digital payment while driving innovation and growth in Africa’s largest markets and most dynamic economies.
To spearhead its operations in Nigeria, BPC welcomes Dapo Adeosun as managing director, Nigeria. A seasoned 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.”
Dapo Adeosun adds, “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.”
Nigeria’s digital payment ecosystem experienced noticeable growth in 2023–2024, with digital transactions rising from ₦600 trillion to ₦1.08 quadrillion, an 80% 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% 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.
Recognising these market dynamics – the need for modern and safe payment mechanisms, BPC has positioned its next-generation SmartVista platform at the forefront of payment modernisation and Innovations in Nigeria. SmartVista provides:
- Flexible end-to-end digital payment solutions, including card and merchant management, e-wallets, mobile banking, agent banking, and SoftPOS technology for a mobile-first economy.
- Advanced fraud management capabilities and prevention tools powered by AI-driven Fraud Management with Link Analysis and Case Management, helping financial institutions combat transaction fraud effectively. Already, several Tier 1 financial institutions in Nigeria leverage SmartVista’s multi-layered fraud management solutions, highlighting its effectiveness in defending against modern fraud.
- Scalable and flexible microservices based architecture that bridges the gap between legacy banking systems and next-generation financial services, ensuring seamless transactions for businesses and consumers alike.
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 allows financial institutions to centralise diverse third-party services, smoothing operational discrepancies and speeding time-to-market for new offerings.
“Our goal is to provide cutting-edge solutions that support Nigeria’s financial ecosystem from powering complete digital financial ecosystems to enhancing non-financial sectors through enablement of marketplaces and digitalisation of government services,” says Dapo Adeosun.
“With SmartVista, we’re not just offering payment solutions—Our goal is to advance Nigeria’s nationwide digital agenda and we’re building a future-ready digital economy.”
