Holds the B.Sc.(Computer Science & Economics, combined honours) degree of University of Ife, Nigeria, now Obafemi Awolowo University (OAU), MBA of OAU, and M.Sc.(Computer Sciences) degree of the University of Lagos. Was Assistant Lecturer at Ogun State University (now Olabisi Onabanjo University), and Associate Lecturer at the University of Lagos. He is an Aresty Scholar. Niyi Ajao is founder and CEO of Digital Finance Solutions Ltd – a firm specialised in the development of solutions and provision of consulting services to support the Digital Financial Services sector with a view to enhance the robustness of the national payments and settlement system, to grow cashless payments and financial inclusion, while deepening seamless and secure digital payments. He left Nigeria Inter-Bank Settlement System (NIBSS) Plc as Deputy Managing Director in April 2021, where he served as Executive Director(Business Development) for 3 years and Executive Director (Technology & Operations) for 4 years. He joined NIBSS as Deputy General Manager (Operations) in 2001 following 10 years in ICT roles in commercial banking in Nigeria where he left as AGM and Head, IT.