MTN Group Fintech appoints Mudassar Aqil as Executive: BankTech
MTN Group has announced
the appointment of M. Mudassar Aqil as Executive: BankTech, in its Fintech
business, MoMo, effective from 1 August 2023.
BankTech, is one of MTN
Fintech’s five verticals, currently serves over 69 million monthly active users
across 16 markets.
With a wealth of
experience in the financial services industry, including a 12-year tenure as a
CEO in the banking and fintech space, Mudassar brings with him a deep
understanding of banking regulation, lending, payments, and platform strategy.
Over his 25-year career,
Mudassar has served in several senior executive roles in the financial services
and fintech sectors across the United States and Pakistan. His notable
achievements include turning around two banks and a significant wallet platform
as CEO, transforming them into market-leading profitable entities.
Most recently, Mudassar
served as CEO at Telenor Microfinance Bank & Easypaisa (a joint venture
between Telenor Group and Ant Group) in Pakistan since 2019. During his tenure,
he successfully led the bank back to profitability, expanded the wallet business
threefold to 12.5 million MAUs – making Easypaisa Pakistan’s largest app – and
revitalized its credit business through digital transformation.
Mudassar holds an MBA
from Salisbury University, MD, USA and is an alumnus of the Advanced Management
Program at Harvard Business School.
“We are delighted to
welcome Mudassar to the Group Fintech team. His wealth of experience in the
financial services sector and diverse background will undoubtedly ensure that
we continue to break new ground in our ongoing efforts to promote financial
inclusion across the continent,” said Serigne Dioum, Group Chief Fintech
Officer.
“Mudassar has built a
stellar career through his innate ability to establish an organisational
vision, develop strategic and tactical plans, and execute them with well-led
and highly effective teams. He is a strategic yet pragmatic leader, renowned
for his hands-on approach to business,” concluded Dioum.
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