The potential of fintech companies to transform the Nigerian economy, especially by way of reaching the unbanked population, was highlighted during a panel session held as part of activities for the Annual General Meeting of Bictech Group Incorporation, held in Ibadan on Friday.
Bictech Group Incorporation, led by its chairman/CEO, Odebode Samuel Aderogba, is a technology-driven conglomerate comprising nine vibrant subsidiaries. One of the latest subsidiaries is SmartPay Finance Ltd, which serves as the financial arm of the group.
During the panel session, Allen Akinbolaji, a panelist and fintech industry leader, said: “Fintech has been able to penetrate and reach the unreached. We thank God for organisations like Bictech Group that have been able to invest in fintech. Bictech Group is relatively new and they have grown very fast.”
During the AGM, Odebode noted that the organisation has interests spanning IT education, oil and gas, agriculture and fintech. He said SmartPay Finance is a subsidiary that promises to revolutionise the financial landscape.
According to him, in 2025, SmartPay Finance will solidify its presence in the Southwest with the distribution of 10,000 POS terminals.
“The fintech mobile application developed under SmartPay Finance will serve as the primary tool to drive the growth and expansion of SmartPay Microfinance Bank (MFB).
“We aim to bridge the financial inclusion gap while empowering individuals and businesses with tailored financial solutions,” Odebode said.
He added that, “Bictech Group remains steadfast in its commitment to delivering value through cutting-edge technology and exceptional services. Our investment in SmartPay Finance and the operational synergy among our subsidiaries will create sustainable growth that propels us to new heights.”
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