Bode Abifarin Takes Over as MD/CEO of MoMo PSB
MoMo Payment Service Bank (MoMo PSB), the fintech subsidiary of MTN Nigeria, has appointed Bode Abifarin as its new Managing Director and Chief Executive Officer (MD/CEO).
Her appointment takes effect from September 1, 2026.
MoMo PSB is licensed by the Central Bank of Nigeria (CBN) to provide digital financial services, including money transfers, bill payments, mobile wallets and other financial solutions through mobile devices.
In a statement, MoMo PSB said Abifarin brings 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 expertise in driving growth, innovation, operational excellence and financial inclusion across the continent.
Commenting on her appointment, Abifarin said she was 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,” she said.
Prior to joining MoMo PSB, Abifarin 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.
Abifarin 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.
MTN Group Fintech CEO, Serigne Dioum, said Abifarin’s experience made her well positioned to lead MoMo PSB into its next phase 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.
“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,” Dioum said.
He added that her leadership would accelerate the company’s mission of expanding access to digital financial services and creating lasting value across its ecosystem.
As Chief Executive Officer, Abifarin will lead MoMo PSB’s next phase of growth, with a focus 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.
Chairman of the MoMo PSB Board, Michael Ajukwu, also welcomed the appointment, describing Abifarin as an accomplished business leader with a strong track record in scaling high-growth fintech businesses.
“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,” 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 also 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.
