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, is pleased to announce the appointment of Bode
Abifarin as its Managing Director and Chief Executive Officer, effective 1 September 2026.
Bode joins MoMo PSB with more than 23 years of experience spanning financial services, consulting,
digital payments, fintech, strategy, operations and business transformation.
for her role in scaling some of Africa's most impactful financial services and technology institutions,
bringing deep expertise in driving growth, innovation, operational excellence and financial inclusion
across the continent.
Commenting on her appointment, Bode Abifarin said: "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. 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."
Prior to joining MoMo PSB, Bode served as Chief Operating Officer of Flutterwave, where she played
a pivotal role in the company's growth into one of Africa's leading fintech businesses. During her
tenure, she led strategic expansion initiatives across multiple markets, established scalable operating
models, strengthened regulatory engagement and supported the development of innovative payment
solutions that expanded access to financial services for millions of customers.
Bode also spent 15 years at KPMG, rising to the position of Associate Director in Management
Consulting, where she advised leading financial institutions and organisations across Africa on
strategy, transformation, customer experience and business growth. Most recently, she founded
Strata Advisory, a technology-focused advisory firm that helps businesses scale and achieve
sustainable 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. Her extensive experience in driving innovation, operational
transformation and financial inclusion uniquely positions her to lead MoMo PSB into its next stage of
growth and market leadership. 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,” said Serigne Dioum, MTN Group Fintech CEO.
As Chief Executive Officer, Bode 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.
"We are delighted to welcome Bode to MoMo PSB. 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. Her extensive experience in
payments, digital transformation and stakeholder engagement, combined with her passion for
financial inclusion, makes her uniquely positioned to lead MoMo PSB into its next chapter of growth"
said Michael Ajukwu Chairman of the MoMo PSB Board.
Bode 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.
About MoMo Payment Service Bank
MoMo Payment Service Bank (MoMo PSB) is a fintech subsidiary of MTN Nigeria licensed by the
Central Bank of Nigeria. The bank provides digital financial services including money transfers, bill
payments, mobile wallets and other financial solutions designed to promote financial inclusion and
support Nigeria's growing digital economy.
About MTN Group Fintech
MTN Group Fintech is the financial technology division of MTN Group, Africa's largest mobile network
operator. Through its flagship platform, MoMo (Mobile Money), MTN Fintech provides a wide range of
financial services including payments, remittances, savings, insurance, and lending to over 60 million
active users across 14 African markets. MTN Fintech is committed to driving financial inclusion and
empowering individuals and businesses through digital financial solutions.
