In a bold move to transform Nigeria’s digital financial landscape, global payment technology provider BPC has expanded its footprint in the country—naming veteran banking executive Dapo Adeosun as Managing Director to lead its ambitious growth agenda.
The expansion marks a strategic investment in Nigeria’s fast-growing digital economy, where demand for secure, scalable, and inclusive financial solutions has never been greater.
“We’re not just building payment systems; we’re building the future of finance in Nigeria,” said Adeosun, who brings over 30 years of leadership experience from top-tier institutions including First Bank, Access Bank, UBA, and the Nigeria Inter-Bank Settlement System (NIBSS). At NIBSS, he played a pivotal role in shaping national payment infrastructure, spearheading business development and industry collaboration for over a decade.
Solving the Infrastructure Problem
Adeosun is no stranger to the roadblocks hampering financial innovation in Nigeria—from outdated legacy systems to rising cyber threats. “The challenges are clear, but so are the solutions,” he said. “With BPC’s advanced technology, we can eliminate transaction failures, strengthen trust in digital payments, and finally extend modern financial services to the unbanked.”
At the heart of this transformation is SmartVista, BPC’s flagship platform offering an end-to-end suite of digital financial tools—from e-wallets and mobile banking to agent networks, card management, and SoftPOS tech tailored for Nigeria’s mobile-first population.
Riding the Wave of Digital Growth
Nigeria’s digital transaction volume skyrocketed between 2023 and 2024, leaping from ₦600 trillion to ₦1.08 quadrillion, a staggering 80% increase. Monthly volumes now exceed ₦100 trillion, with POS systems accounting for over 92% of all POS-ATM activity—flipping historical trends on their head.
But rapid expansion has also brought growing pains. Fraud losses surged fivefold to ₦52 billion in early 2024, intensifying the need for more intelligent, AI-driven fraud prevention—one of BPC’s major strengths.
SmartVista’s fraud management engine, already deployed by several top Nigerian banks, offers multi-layered protection with real-time link analysis and case management. This empowers institutions to not just react to fraud—but anticipate and prevent it.
Bridging the Digital Divide
Despite impressive progress, millions of Nigerians remain financially excluded. BPC aims to close that gap through flexible, scalable tools designed to overcome the limitations of traditional banking systems. SmartVista’s microservices architecture allows seamless integration with legacy systems, accelerating the rollout of next-gen services.
“Financial inclusion isn’t just about access—it’s about access to reliable, secure, and user-friendly tools,” said Adeosun. “That’s what we’re delivering.”
The Bigger Vision: Beyond Banking
BPC’s ambitions go beyond the banking sector. By enabling government digital services, powering marketplaces, and supporting fintech innovation, the company hopes to be a catalyst for nationwide digital transformation.
“Our mission is to help Nigeria build a future-ready economy—one where digital ecosystems thrive, businesses scale effortlessly, and everyone is part of the financial system,” Adeosun said.
As Nigeria accelerates its digital agenda, BPC is positioning itself not just as a technology provider—but as a trusted partner in shaping the country’s financial future.
