Xpress Payment Solutions Limited has processed transactions worth trillions of naira over its decade-long operation, with the company now positioning itself for a new growth phase driven by emerging technologies including Artificial Intelligence and the Internet of Things.
The fintech firm’s Managing Director and Chief Executive Officer, Wale Olayisade, disclosed the transaction milestone at a public lecture marking the company’s 10th anniversary in Lagos, where he outlined the company’s journey from processing zero transactions at inception to becoming a major player in Nigeria’s digital payments ecosystem.
Brandspur Banking News Desk understands that the company has secured six regulatory licences enabling operations across multiple fintech segments, including switching and processing, payment solutions, payment terminal services, and agency banking, supporting its expansion across the digital payments value chain.
Speaking on the theme “A Decade of Innovation, A Future of Possibilities,” Olayisade said the firm has contributed significantly to expanding financial inclusion by extending access to financial services to underserved communities while supporting Nigeria’s transition to a cashless economy.
The CEO emphasised that the AI and IoT phase would make payments more predictive, personalised, and seamless, enabling the company to better understand customer needs and anticipate the next steps in their financial journeys while reducing friction and enhancing convenience.
He credited regulators, particularly the Central Bank of Nigeria, for creating a stable operating environment through policies designed to protect consumers and maintain confidence in the financial system, noting that while some stakeholders may view regulatory measures as restrictive, their ultimate objective is safeguarding the integrity and sustainability of the financial system.
Executive Director of Finance, Temitope Ajanaku, described the anniversary as a testament to the organisation’s resilience in navigating economic disruptions, including the COVID-19 pandemic and foreign exchange volatility, while highlighting the firm’s commitment to regulatory compliance as a key factor behind its sustained growth and credibility.
Ajanaku emphasised the company’s customer-centric philosophy, noting that feedback from users played a critical role in shaping its products and services over the last decade, with the company remaining focused on innovation, customer satisfaction, and continuous improvement for its next growth phase.
Founder and Chairman of Xpress Holdings, Dr Awa Ibraheem, expressed satisfaction with the company’s survival and growth in Nigeria’s challenging business environment, reflecting on the COVID-19 pandemic as one of the earliest and most significant challenges encountered just years after establishment.
The company has simplified payment processes including school fees, hospital bills, cable television subscriptions, and utility bills, transforming services that once required physical visits and long waiting times into convenient digital transactions accessible from homes across Nigeria.
