The Board of Xpress Payment Solutions Limited has appointed Mr. Wale Olayisade as the acting Managing Director of the company, with effect from June 1, 2025.
The fintech company said this in a statement on Wednesday, noting that the appointment is subject to regulatory approval by the Central Bank of Nigeria.
The board also confirmed the retirement of the immediate past MD, Dr. Markie Idowu, after a successful five-year tenure, describing her departure as the end of an illustrious career spanning 36 years across banking, information technology, and the fintech industry.
“The board of Xpress Payment Solutions Limited heartily congratulates Mr. Olayisade on his appointment and wishes him a successful tenure as he leads the company in its new growth phase,” the company said.
“The board also extends its deepest appreciation to the immediate past Managing Director, Dr Markie Idowu, for her exceptional leadership of the company over the last five years,” it added.
The company stated that although she has stepped down from executive duties, Idowu is not severing ties with them.
She remains on the board as a Non-Executive Director and shareholder, a move that industry watchers say could help ensure continuity and support for the company’s next phase.
Olayisade’s promotion comes after serving as the company’s Executive Director and Chief Information Officer.
“He brings deep institutional knowledge and 25 years of experience spanning telecommunications, financial services and fintech where he has been involved in digitisation of different financial services offerings as an accomplished digital transformation expert.
“He is a seasoned process improvement specialist who utilises his knowledge as a Lean Six Sigma – Green Belt (GoLeanSixSigma) holder to optimise processes and ensure alignment of business goals with technology solutions, to drive competitive advantage and bottom-line gains.
“Mr Olayisade holds a B. Tech. in Computer Science from the Federal University of Technology, Akure and an MSc in International Management from the University of Liverpool. He has also attended executive education programmes at Columbia Business School and Lagos Business School,” the company said in the statement, profiling Olyisade.
The management said it remains confident in the company’s leadership transition, describing Olayisade as a steady hand for the organisation’s continued innovation and expansion.
“He is a seasoned process improvement specialist who utilises his knowledge as a Lean Six Sigma – Green Belt (GoLeanSixSigma) holder to optimise processes and ensure alignment of business goals with technology solutions, to drive competitive advantage and bottom-line gains,” the statement noted.
