MoMo Payment Service Bank (MoMo PSB), the fintech subsidiary of MTN Nigeria licensed by the Central Bank of Nigeria to provide digital financial services, money transfers and bill payments via mobile devices, has appointed Bode Abifarin as its Managing Director and Chief Executive Officer, effective 1 September 2026.
Abifarin joins MoMo PSB with more than 23 years of experience spanning financial services, consulting, digital payments, fintech, strategy, operations and business transformation.
She is widely recognised for her role in scaling some of Africa’s most impactful financial services and technology institutions, with deep expertise in driving growth, innovation, operational excellence and financial inclusion across the continent.
“I am honoured to join MoMo PSB at a defining moment for digital financial services in Nigeria. Financial inclusion remains one of the greatest opportunities to unlock economic empowerment and prosperity for millions of people,” Abifarin said.
“I look forward to working with our talented team, regulators, partners and stakeholders to accelerate access to innovative, secure and customer-centric financial solutions that improve lives and create sustainable value for individuals, businesses and communities across the country,” she added.
Abifarin previously served as Chief Operating Officer of Flutterwave, where she played a role in the company’s growth into one of Africa’s leading fintech businesses, leading strategic expansion initiatives across multiple markets, establishing scalable operating models and strengthening regulatory engagement.
She also spent 15 years at KPMG, rising to Associate Director in Management Consulting, advising leading financial institutions and organisations across Africa on strategy, transformation, customer experience and business growth. She most recently founded Strata Advisory, a technology-focused advisory firm.
MTN Group Fintech CEO Serigne Dioum said Abifarin’s blend of strategic leadership, execution and fintech expertise made her well placed to lead MoMo PSB’s next stage of growth.
“Bode brings an exceptional blend of strategic leadership, execution excellence and deep fintech expertise, underpinned by a proven track record of building and scaling some of Africa’s most impactful financial services businesses,” Dioum said.
“We are delighted to welcome Bode and are confident that her leadership will accelerate our mission of expanding access to digital financial services and creating lasting value across our ecosystem,” he added.
As Chief Executive Officer, Abifarin will lead MoMo PSB’s next phase of growth, focusing on expanding digital financial services, deepening financial inclusion, driving innovation and enhancing customer value in support of MTN Nigeria’s ambition to deliver a leading digital ecosystem for Nigerians.
MoMo PSB Board Chairman Michael Ajukwu said Abifarin’s track record in scaling high-growth fintech businesses made her a strong fit for the role.
“She is an accomplished business leader with an exceptional track record of scaling high-growth fintech businesses, driving operational excellence and delivering meaningful impact across Africa’s financial services sector,” Ajukwu said.
Abifarin has received numerous accolades throughout her career, including recognition among the Top 100 Women in Global Fintech, the Inspiring 50 Women Shaping the Future of Technology in Africa, and the 30 Most Powerful Nigerian Women in Finance. She serves on several boards and advisory committees focused on technology, innovation, entrepreneurship and financial services.
Her appointment reflects MoMo PSB’s commitment to strengthening its leadership as it advances financial inclusion, enhances customer value and accelerates its ambition to build a leading digital financial services platform.
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