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.
Following the final approval for a Payment Service Bank (PSB) licence granted by the Central Bank of Nigeria (CBN), MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (MoMo PSB) Limited, formally commenced operations on May 17, 2022.
There was palpable excitement at two popular Lagos markets on Thursday and Friday, May 19 and 20, 2022, as excited fans jostled for photo ops with Nollywood comic actors Olaniyi ‘Sanyeri’ Afonja and Afeez ‘Saka’ Oyetoro.