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PalmPay Group has appointed Samuel Oluyemi as the Chief Operating Officer (COO) for its Nigerian operations, reinforcing the fintech company’s commitment to expanding financial inclusion, strengthening operational excellence, and enhancing the security and reliability of its digital financial services.
The appointment takes immediate effect and comes as PalmPay accelerates its growth strategy in Nigeria, with a focus on extending financial services to underserved communities while supporting the country’s rapidly evolving digital payments ecosystem.
In his new role, Oluyemi will oversee the company’s operations in Nigeria, where PalmPay provides a broad range of digital financial solutions for individuals and businesses. He will also work closely with regulators to ensure the company’s expansion aligns with Nigeria’s financial sector reforms and national objectives for digital and financial inclusion.
According to the company, Oluyemi brings more than 20 years of experience from the Nigeria Inter-Bank Settlement System (NIBSS), where he played a significant role in the development and implementation of several critical national payment infrastructure projects.
During his time at NIBSS, he led business development initiatives that contributed to the rollout of key payment solutions, including the Digital Validation of Nigerian International Passports (e-Passport Validation), the Electronic Dividend Mandate Management System (e-DMMS), and the Electronic Pension Contribution Collection System (EPCCOS).
He also played an instrumental role in the introduction and early adoption of NIBSS Instant Payment (NIP)—Nigeria’s first real-time interbank payment platform—which launched in 2011 before being extended to Other Financial Institutions (OFIs), significantly advancing the country’s digital payments infrastructure.
Oluyemi holds a Master’s degree in Monetary Economics from the University of Ibadan and has completed several local and international professional development programmes focused on payments, financial services, and digital innovation.
Commenting on the appointment, Chika Nwosu, Managing Director of PalmPay Nigeria, described Oluyemi’s leadership experience as a valuable addition to the company’s next phase of growth.
According to Nwosu, his deep understanding of Nigeria’s payments ecosystem and operational governance will help PalmPay scale sustainably while maintaining strong customer service standards, regulatory compliance, and operational resilience.
Speaking on his appointment, Oluyemi said he was honoured to join PalmPay at a time when digital financial services are playing an increasingly important role in expanding access to formal financial services across Nigeria.
He expressed his commitment to working with the company’s leadership and employees to strengthen operational efficiency, deliver secure and reliable financial solutions, and support PalmPay’s long-term vision of becoming one of the leading digital financial services platforms in emerging markets.
PalmPay said the appointment reflects its broader strategy of building resilient, customer-focused financial services that support everyday transactions while contributing to the continued development of Nigeria’s digital economy and financial ecosystem.
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